Pancakeswap broke records in January and February 2025, reaching a monthly volume of transaction exceeding $ 80 billion. This ascension took place by the recovery of BNB Chain and the influence of the breast coin movement. However, uncertainties in the March market create question marks as to whether this record can continue.
The total volume of Pancakeswap exceeded $ 1.1 trillion
According to Dune data, Pancakeswap’s trading volume has started to rise rapidly from December. Reaching $ 78.4 billion in January, the volume exceeded $ 81 billion in February. This points to the highest level seen since 2021.
This increase increased the total trading volume of Pancakeswap above $ 1.1 trillion. Especially the revival of the BNB Chain ecosystem played a key role in this growth. Pancakeswap continues to be the largest player in the chain by checking 90 %of the Dex market on BNB Chain.
BREAST COIN MADIA AND CZ Effect
Former Binance CEO CZ, Four.Mam Platform and Test (TST) token launched new users to Pancakeswap. This platform further further activate the ecosystem by allowing new tokens to be traded on Dex.
However, Pancakeswap’s active number of active users is still around 2 million. This figure is 63 %lower than the peak in 2021 and 30 %lower than the highest level in 2024. In other words, even if the volume rises, the stock market has not yet caught the acceleration in the new user withdrawal.
Is the danger bells playing for pancakeswap?
Fashion Show data shows that the daily dex transaction volume on BNB Chain has dropped from $ 6 billion to $ 1.5 billion from mid -February. This indicates that the rising trend of Pancakeswap may weaken.
In addition, the total value of the breast coin market in March decreased by 60 %and decreased from $ 137 billion to $ 55 billion. The extinction of the breast coin craze may adversely affect the processing volume of Pancakeswap. He also took his share of this process and fell by 60 %of the $ 4.5 %in December and fell to $ 1.74. If the decrease in the breast coin market continues, the process volume of Pancakeswap may also be under pressure. Therefore, it is critical for the platform to develop new strategies for sustainable growth.
