PancakeSwap overtakes certain DEX on Base to become second-largest DEX by volume

Source: CryptoBriefing Original Title: PancakeSwap overtakes Uniswap on Base to become second-largest DEX by volume Original Link:

Overview

PancakeSwap, the multi-chain decentralized exchange (DEX), has become the second-largest DEX on Base by trading volume, overtaking a major competitor over the past 24 hours and seven days, according to DefiLlama data.

Trading Volume Performance

In the past 24 hours, PancakeSwap recorded $293 million in trading volume on Base, compared to $203 million from a competing DEX. Over the past 7 days, PancakeSwap reached $1.17 billion in volume, ahead of $949 million from the competitor.

The DEX now ranks second on the chain, trailing only Aerodrome, which posted $457 million in 24-hour volume and $2.2 billion over the past week.

Base Network Growth

Base, the Ethereum Layer 2 network, continues to climb the DeFi leaderboard and now ranks fifth among blockchains by total value locked (TVL), with over $4.8 billion, behind Ethereum, Solana, Bitcoin, and BNB Chain.

Key Takeaways

• PancakeSwap reached $293 million in 24-hour volume and $1.17 billion over 7 days on Base
• PancakeSwap now ranks second on Base by trading volume, behind Aerodrome, which leads with $457 million in daily volume and $2.2 billion weekly
• Base continues to strengthen its position in the DeFi ecosystem