PancakeSwap Tops DEX Rankings with $14.1B in Weekly Volume

In Brief:

PancakeSwap leads all DEXs with $14.1B in trading volume, up 41.93% this week.
Uniswap and Raydium follow, both posting sharp declines in weekly activity.

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According to DefiLlama data, PancakeSwap has surged to the top of the decentralized exchange (DEX) leaderboard, recording $14.1 billion in weekly volume, a 41.93% increase compared to the previous week.

Meanwhile, Uniswap saw a significant drop, with volume down 43.83% to $8 billion, while Raydium posted $2.5 billion in trading, declining 17.32%.

PancakeSwap V2 has also expanded its offerings, launching MUBARAK and BANANAS31 perpetual contracts, featuring up to 25x leverage, reflecting the platform's growing derivatives activity.

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