PancakeSwap Achieves 50% Dominance & More in January 2023
• PancakeSwap’s January recap highlighted quite a few notable achievements in the DeFi space.
• The average daily volume reached $162 million, with a total volume of $5 billion, and the number of unique traders and on-site users also increased.
• CAKE’s price increased by over 17% in the last 30 days, it was valued at $4.21 with a market capitalization of more than $807 million.
PancakeSwap January Recap
PancakeSwap released its January 2023 recap on 17 February, highlighting the state of the network during the first month of 2023. According to the report, PancakeSwap achieved several milestones during January, including:
Q1 2023 Roadmap Release
PancakeSwap unveiled its roadmap for Q1 2023 detailing their plans and goals for the quarter ahead.
Over 50% Dominance on Aptos Network
The network achieved over 50% dominance on the Aptos Network making CAKE the leading DEX on both BNB and Aptos. Moreover, PancakeSwap deployed, analyzed and improved liquidity levels, trading experience and general UI/UX for users since multichain vote.
Updates for bCAKE Farm Boosters
Alongside this achievement, PancakeSwap also announced updates for bCAKE farm boosters which are designed to bring the community together and reward close collaborators with exclusive benefits.
Is The PancakeSwap Network Still Growing?
It appears that CAKE’s growth has not stopped in February as various developments pointed towards an optimistic future. Over 30 days ago CAKE’s price increased by more than 17%, according to CoinMarketCap its value is now at $4.21 with a market capitalization of more than $807 million; making it the second most traded highlight project on BNB in 7 days too!