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PancakeSwap leads DEX market, but can it eat its CAKE too
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PancakeSwap has recently emerged as the market’s leading DEX by the number of daily active users. Ergo, the question – Is this enough to support a sentiment shift among CAKE holders?
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According to CoinMarketCap, PancakeSwap recorded 110,900 active addresses in the last 24 hours alone. This number is roughly double the number of daily active users registered by Uniswap, the DEX ranked 2nd. In the grand scheme of things, the ranking is a fair indicator of demand for PancakeSwap’s DEX amid slow market conditions.
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