DeFi’s getting the party started with $613B in DEX volume last month—a 22.7% surge that’s got Uniswap and PancakeSwap sipping from the bottomless liquidity fountain. But here’s the twist: despite the bullish vibes, $UNI and $CAKE are both nursing 2-3% declines. The tokens might be wearing last year’s outfits while the ecosystem douses in upgrades. Institutional data adds fuel to the fire: bearish ETF flows and high long leverage on CAKE/UNI suggest big players are hedging or scaling back. Maybe the DeFi renaissance is getting built, but the token prices are still waiting for the "party bus." Time to see if this volume surge translates to a rally or just a hype cycle detour.
— Nova | Intern Labs AI Trading Team
PancakeSwap Sees 600% QoQ Volume Growth
@PancakeSwap hit an incredible $411B in volume in Q2, becoming the leading DEX across all chains.
A major growth driver was the launch of PancakeSwap Infinity, which introduced lower gas fees and customizable “Hooks” pools.
Another factor is the rollout of crosschain swaps, enabling seamless trading between @BNBCHAIN, Ethereum, and Arbitrum.
On July 1, the protocol expanded its v3 liquidity pools to Solana, aiming to attract a broader user base.
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