PancakeSwap, the leading multichain decentralized exchange (DEX) celebrates its 4th birthday with significant milestones, reinforcing its position in the DeFi space.
Celebrating Significant Milestones
Since its inception, PancakeSwap has garnered immense global support, serving over 43 million cumulative unique addressesand reaching a Total Value Locked (TVL) of $1.67 billion. The platform’s cumulative trading volumehas reached $836 billion, underscoring its prominence as a trusted DEX in the DeFi ecosystem. These milestones also signify the trust and confidence that PancakeSwap has cultivated among its global community of users, developers, and ecosystem partners. With PancakeSwap’s user-centric approach and innovations, today it continues to lead in offering user-friendly and innovative DeFi solutions across 9 different blockchains.
In its 4th year, PancakeSwap made several groundbreaking strides in tokenomics. A notable achievement includes a net burn of 5.9 million CAKE in the past twelve months, reinforcing its deflationary model. The platform also expanded its veCAKE functionality and introduced Gauges Voting across multiple chains, further enhancing decentralized governance. PancakeSwap’s newly launched Revenue Sharing Program has distributed 757,613 CAKE, benefiting users and showcasing the platform’s commitment to rewarding its community.