Battle of V3s: PancakeSwap and Uniswap to compete on BNBChain
, the DEX announced an Early Supporter Campaign as part of its V3 upgrade. As part of the campaign, $135,000 in CAKE tokens and exclusive PancakeSwap V3 NFTs will be airdropped to early supporters.“PancakeSwap V3 will come with a variety of exciting features, including competitive trading fees, trading incentives, improved liquidity provisioning, and yield farming experience.
As the number of UAWs on the DEX climbed, the total number of transactions completed rallied as well. Within the 30-day period under review, the number of transactions completed on PancakeSwap totaled 10.71 million, representing an 8% jump in transactions count on the protocol in the last month.However, while PancakeSwap’s transactions count increased, the fiat value of all these transactions dropped by 80% in the last month.
According to DappRadar, the volume of transactions completed on the DEX in the last 30 days totaled $5.12 billion.Lastly, the DEX’s total value locked was not spared from decline. While user activity on the protocol increased in the last month, the value of assets deposited onto its smart contracts dropped by 12%, per data from
. At press time, PancakeSwap’s TVL stood at $2.5 billion. On a year-to-date, the protocol’s TVL has increased by 5%.Subscribe to get it daily in your inbox.
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