#PancakeSwap Dominates #DEX Market With $188B July Volume
PancakeSwap processed $188 billion in trading volume during July, nearly double #Uniswap's $94 billion.
The platform captured 43% of the total DEX volume, maintaining its position as the largest decentralized exchange by spot trading.
Integration with #BinanceAlpha and the launch of PancakeSwap Infinity, featuring lower gas fees, drove the growth.
Cross-chain capabilities across #BNBChain, #Ethereum, Arbitrum, and #Solana expanded its reach.
PancakeSwap generated over $430 million in fees through automated market-making a yeild farming mechanisms.
The DEX-to-CEX spot trading ratio reached 23.3% in July, down from June's record high of 27.9%.
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