Hold onto your spatulas, folks! PancakeSwap just served up a whopping $205.3 billion in trading volume for Q1 2025—its best quarter since it popped out of the crypto oven.
According to the big brains at Dune Analytics (and a humblebrag on X), since Q1 2023, PancakeSwap’s trading volume has shot up by a face-melting 921%. That’s like going from a kiddie pool splash to the Olympic swimming finals! Meanwhile, users and transaction counts are doing a happy dance too, jumping 81% and 159%, respectively. Over 123 million users have tossed their crypto pancakes here, flipping a mind-boggling $1.33 trillion in total trades. Forget maple syrup, this is sticky money! 🐰💸
👊🐰 PancakeSwap just recorded its best quarter since inception with $205.3B in trading volume in Q1 2025!
Since Q1 2023:
🔹 Volume up 921% (No, your eyes don’t need glasses)
🔹 Users up 81% (More than your average family reunion)
🔹 Transactions up 159% (That’s a lot of flipping)🔥Non-stop growth across every key metric. DeFi isn’t slowing down—it’s caffeinated.
Source
— PancakeSwap (@PancakeSwap) April 24, 2025
Where’s all the action, you ask? The BNB Chain (BNB) takes the crown with 48 million users and a staggering $1.14 trillion traded. Base, Arbitrum, and Ethereum are also in the mix—basically the VIP guests at this blockchain soiree.
Now, don’t get syrupy-eyed just yet. PancakeSwap’s latest ace is the rollout of CAKE Tokenomics 3.0, a fancy name for changing up the recipe. Gone are the days of staking and veCAKE—hello to buy-and-burn and a strict 450 million token limit. It’s like putting the spatula down and saying, “No more fluff!”
Daily token emissions are dropping like hotcakes, from 29,000 to 20,000, and then a slimmer 14,500. Expect about 5.3 million CAKE tokens to get incinerated a year. 🔥🍰 Take that, inflation!
But wait… the plot thickens. Despite these tasty moves, CAKE’s price has taken a bit of a tumble—down 26% in 30 days. Currently spinning its wheels around $1.97 after a mild 2% daily dip. It’s clinging just below a $2.08 resistance barrier like a nervous soufflé, with $1.87 and $1.78 playing mattress for any potential falls.
The RSI (Relative Strength Index, not some secret baking ingredient) sits pretty at 51—neutral, like a judge stuck on the fence. The Bollinger Bands? Low volatility, so no wild swings, just a polite tea party for now. Bulls? They better rally and break above $2.08 sharpish or else CAKE might start sliding down the culinary charts.
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2025-04-24 11:20