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MainNewsPancakeSwap ...

PancakeSwap Launches Position Manager; Trading Volume Surges 91%


by CoinEdition
PancakeSwap Completes CAKE Burning Event; Burns Tokens Worth $31M
  • PancakeSwap recorded a 91% surge after announcing its new portfolio manager feature.
  • CAKE’s market capitalization stands at $548 million at the time of writing.
  • PancakeSwap claims to be a better crypto exchange than Uniswap in a recent tweet.

On October 30, decentralized crypto exchange PancakeSwap introduced a new integration  Position Manager or a portfolio manager functionality on the platform’s dashboard, triggering a 91% surge in trading volume in the following week. According to data from CoinMarketCap, within the first 24 hours of the announcement, trading volume rose by 42% rise in trading volume, reaching a total of $373 million.

This rapid increase boosted the market capitalization of PancakeSwap’s governance token CAKE to $547 million 24 hours after the announcement. At the time of writing, ’s market capitalization stands at $548 million with a 25% increase in 24-hour volume.

PancakeSwap’s new feature integrates the automated yield strategies of DeFi protocol Bril Finance, enabling users to easily deposit tokens, including USDT, BTCB, BNB, and ETH into single-asset vaults through the platform’s interface. These tokens are then incorpor…

The post PancakeSwap Launches Position Manager; Trading Volume Surges 91% appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsPancakeSwap ...

PancakeSwap Launches Position Manager; Trading Volume Surges 91%


by CoinEdition
PancakeSwap Completes CAKE Burning Event; Burns Tokens Worth $31M
  • PancakeSwap recorded a 91% surge after announcing its new portfolio manager feature.
  • CAKE’s market capitalization stands at $548 million at the time of writing.
  • PancakeSwap claims to be a better crypto exchange than Uniswap in a recent tweet.

On October 30, decentralized crypto exchange PancakeSwap introduced a new integration  Position Manager or a portfolio manager functionality on the platform’s dashboard, triggering a 91% surge in trading volume in the following week. According to data from CoinMarketCap, within the first 24 hours of the announcement, trading volume rose by 42% rise in trading volume, reaching a total of $373 million.

This rapid increase boosted the market capitalization of PancakeSwap’s governance token CAKE to $547 million 24 hours after the announcement. At the time of writing, ’s market capitalization stands at $548 million with a 25% increase in 24-hour volume.

PancakeSwap’s new feature integrates the automated yield strategies of DeFi protocol Bril Finance, enabling users to easily deposit tokens, including USDT, BTCB, BNB, and ETH into single-asset vaults through the platform’s interface. These tokens are then incorpor…

The post PancakeSwap Launches Position Manager; Trading Volume Surges 91% appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Nvidia (NVDA) Is Top Stock in This $68B Market Amid 120% Upside

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Notcoin Nears Key Resistance Levels: Could $0.03 Be the Next Target for Growth?

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Notcoin (NOT) has experienced a continued downtrend over recent months, but shows pot...