PancakeSwap overtakes Uniswap on Base to become second-largest DEX by volume
Key Takeaways
PancakeSwap, the multi-chain decentralized exchange (DEX), has become the second-largest DEX on Base by trading volume, overtaking Uniswap over the past 24 hours and seven days, according to DefiLlama data.
In the past 24 hours, PancakeSwap recorded $293 million in trading volume on Base, compared to Uniswap’s $203 million. Over the past 7 days, PancakeSwap reached $1.17 billion in volume, ahead of Uniswap’s $949 million.
The DEX now ranks second on the chain, trailing only Aerodrome, which posted $457 million in 24-hour volume and $2.2 billion over the past week.
Base, the Ethereum Layer 2 network incubated by Coinbase, continues to climb the DeFi leaderboard and now ranks fifth among blockchains by total value locked (TVL), with over $4.8 billion, behind Ethereum, Solana, Bitcoin, and BNB Chain.
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