CAKE umut verici bir büyüme kaydetti, ancak uyarı sinyalleri devam ediyor

• Over the last 30 days, PancakeSwap’s trading volume surged nearly 60%.
• CAKE lost about 12% of its value since hitting a three-month high on 9 February.

According to a tweet by BNB chain, PancakeSwap [KEK] became the most used dApp on the network. PancakeSwap stood first in the list of top 15 dApps on the BNB Zinciri, accounting for 62% of the total users.

😤 15 most used dApps on BNB Chain 😤

Together, they’ve amassed over 2.18 million monthly users. Our top three dApps are:

???? @Filmdenkare
🥈 @HookedProtocol
🥉 @Gameta_Official

Read below for the entire list! ⤵️https://t.co/9YYerCecmL pic.twitter.com/NsVQYq9z0f

— BNB Zinciri (@BNBCHAIN) Şubat 23, 2023

Okumak PancakeSwap'in [CAKE] Fiyat Tahmini 2023-2024

BNB Chain stated that over 1.36 million users have used PancakeSwap in 2023, highlighting the growing dominance of the decentralized exchange (DEX).

It should be noted that BNB Chain was the en büyük blok zinciri in terms of daily active users at the time of writing.

Sharp surge in monthly trading volume

The findings of BNB Chain were corroborated by data from Token Terminal. The growth in the number of users boosted the trading volume on PancakeSwap. Over the last 30 days, the trading volume surged nearly 60%.

The jump in trading volume gave a fillip to the protocol trading fees which grew by 60% as well in the same time period. While assessing the performance of DEXes, there is a lot of focus on trading fees, as they act as the primary source of revenue for the protocol.

Kaynak: Token Terminali

On the other hand, the DeFi protocol failed to show growth in its total value locked (TVL). Over the past two weeks, the TVL fell by over 11% to settle at $3.6 billion at press time, data from DeFiLlama showed.

Kaynak: DeFiLlama

Investors don’t like CAKE’s flavor!

The recent on-chain activity won’t please CAKE holders. The daily active addresses dropped steadily since hitting a weekly peak on 19 February. CAKE’s transaction volume showed a similar trajectory.

A reason for this could be because most of the transactions were not yielding profits for the holders, as evidenced by the declining transaction volume in profit.

Kaynak: Santiment

The weighted sentiment for CAKE dipped as well, indicating that investors were wary of their CAKE holdings.

Ne kadar Bugün değerinde 1,10,100 KEK?

At the peak of its bullish momentum, CAKE reached a three-month high on 9 February. But since then, the token lost about 12% of its value until press time, data from CoinMarketCap gösterdi.

Earlier this week, PancakeSwap announced that it yandı seven million tokens out of circulation. CAKE holders would look for encouraging numbers on the burning front to drive up the coin’s price in the days to come.