{"id":566700,"date":"2021-05-02T16:21:41","date_gmt":"2021-05-02T13:21:41","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566700"},"modified":"2021-05-02T16:21:41","modified_gmt":"2021-05-02T13:21:41","slug":"pancakeswap-cake-daily-transaction-count-exceeds-eths-hits-1-7m","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/pancakeswap-cake-daily-transaction-count-exceeds-eths-hits-1-7m\/","title":{"rendered":"PancakeSwap (CAKE) Daily Transaction Count Exceeds ETH&#8217;s, Hits 1.7M"},"content":{"rendered":"<ul>\n<li><strong>The 24-hour transaction count on PancakeSwap (CAKE) has hit 1.733 million<\/strong><\/li>\n<li><strong>This amount has exceeded Ethereum&#8217;s at 1.427 million in the same time period<\/strong><\/li>\n<li><strong>Total value locked on PancakeSwap continues to hover around $10 Billion<\/strong><\/li>\n<li><strong>CAKE is now valued at $40, increasing by 80x since October<\/strong><\/li>\n<\/ul>\n<p>The DeFi platform of PancakeSwap (CAKE) has reached a new milestone in terms of daily transaction count. At the time of writing, PancakeSwap has handled 1,733,484 transactions in the last 24-hour period. The DeFi platform has also experienced a 24-hour trade volume of $1.7 billion with approximately $9.86 Billion <a href=\"https:\/\/en.ethereumworldnews.com\/total-value-locked-on-the-binance-smart-chain-hits-44-25b\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">in total value locked<\/a>.<\/p>\n<p>Below is a screenshot of the daily transaction count, liquidity and trade volume courtesy of <a href=\"https:\/\/pancakeswap.info\/home\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">PancakeSwap.info<\/a>.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count.jpg\"><img class=\"aligncenter size-large wp-image-566701\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-1024x416.jpg\" alt=\"\" width=\"1024\" height=\"416\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-1024x416.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-300x122.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-770x313.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-500x203.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-240x97.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count-717x291.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-daily-transaction-count.jpg 1111w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>PancakeSwap Daily Transaction Count Exceeds that of Ethereum<\/h2>\n<p>To note is that PancakeSwap is built on <a href=\"https:\/\/en.ethereumworldnews.com\/binance-smart-chain-daily-transaction-count-hits-new-high-of-3-9m\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">the Binance Smart Chain<\/a>. Therefore, the impressive daily transaction count on PancakeSwap caught the attention of CZ who also highlighted that the protocol<a href=\"https:\/\/en.ethereumworldnews.com\/binance-smart-chain-unique-active-wallets-eclipsed-ethereums-in-q1\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\"> had exceeded<\/a> Ethereum&#8217;s daily transaction count that currently stands at 1.427 million.<\/p>\n<p>CZ shared this milestone of PancakeSwap via the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#BSC<\/a> <a href=\"https:\/\/t.co\/KSFFua7OXS\" rel=\"nofollow\">pic.twitter.com\/KSFFua7OXS<\/a><\/p>\n<p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1388830767829159942?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>BSC Enables Freedom of Acces to DeFi &#8211; CZ<\/h2>\n<p>In an earlier Twitter commentary, CZ explained that Ethereum was becoming too expensive for regular users. As a result, the Binance Smart Chain has now become the home to regular people &#8216;like you and me&#8217;. His exact statement can be found in the following tweet that takes a direct shot at <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-recent-high-fees-pushed-more-usdt-to-tron-tether-cto\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum&#8217;s current issue of high fees<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Eth?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Eth<\/a> is the ultimate utopian destination of decentralization, for the rich guys who can afford it. <a href=\"https:\/\/twitter.com\/hashtag\/bsc?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#bsc<\/a> enables freedom of access to DeFi and is inclusive of the regular people, like you and me. <\/p>\n<p>\ud83d\ude02 <a href=\"https:\/\/t.co\/5AJu0YaQ6A\" rel=\"nofollow\">pic.twitter.com\/5AJu0YaQ6A<\/a><\/p>\n<p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1388798822785060867?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>CAKE&#8217;s Value Has Increased by 80x Since October<\/h2>\n<p>PancakeSwap was launched on the Binance Smart Chain in September of 2020. According to Coinmarketcap, its native token of CAKE was trading around the $0.50 value for the better part of September and October. At the time of writing, CAKE is trading at $40 after hitting an all-time high of $44.18 on Friday, April 30th.<\/p>\n<p>Doing the math, CAKE has increased by a factor of 80x from October to date, and by a factor of 88.36x to its recent all-time high. The parabolic rise of PancakeSwap (CAKE) is best visualized by the following chart courtesy of Coinmarketcap.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd.jpg\"><img class=\"aligncenter size-full wp-image-566702\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd.jpg\" alt=\"\" width=\"866\" height=\"537\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd.jpg 866w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd-300x186.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd-770x477.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd-500x310.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd-240x149.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/PancakeSwap-CMC-Chart-May-2nd-717x445.jpg 717w\" sizes=\"(max-width: 866px) 100vw, 866px\" title=\"\"><\/a>[Feature image courtesy of SetGis.Net]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 24-hour transaction count on PancakeSwap (CAKE) has hit 1.733 million This amount has exceeded Ethereum&#8217;s at 1.427 million in the same time period Total value locked on PancakeSwap continues to hover around $10 Billion CAKE is now valued at $40, increasing by 80x since October The DeFi platform of PancakeSwap (CAKE) has reached a new milestone in terms of daily transaction count. At the time of writing, PancakeSwap has handled 1,733,484 transactions in the last 24-hour period. The DeFi [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":566704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108073,823],"tags":[1119,108123,1322,108291],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566700"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566700"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/566704"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}