PancakeSwap

Uniswap

Coin

<ul class="news-points"> 
 <li>PancakeSwap recorded a 91% surge after announcing its new portfolio manager feature.</li> 
 <li>CAKE’s market capitalization stands at $548 million at the time of writing.</li> 
 <li>PancakeSwap claims to be a better crypto exchange than Uniswap in a recent tweet.</li> 
</ul> 
On October 30, decentralized crypto exchange <a href="https://coinedition.com/tag/pancake-swap-cake/">PancakeSwap</a> introduced a new integration&nbsp; Position Manager or a portfolio manager functionality on the platform’s dashboard, triggering a 91% surge in trading volume in the following week. According to data from <a href="https://coinmarketcap.com/currencies/pancakeswap/" target="_blank" rel="nofollow">CoinMarketCap</a>, within the first 24 hours of the announcement, trading volume rose by 42% rise in trading volume, reaching a total of $373 million. 
This rapid increase boosted the market capitalization of PancakeSwap’s governance token CAKE to $547 million 24 hours after the announcement. At the time of writing, ’s market capitalization stands at $548 million with a 25% increase in 24-hour volume. 
PancakeSwap’s new feature integrates the automated yield strategies of DeFi protocol Bril Finance, enabling users to easily deposit tokens, including USDT, BTCB, BNB, and ETH into single-asset vaults through the platform’s interface. These tokens are then incorpor…
The post <a href="https://coinedition.com/pancakeswap-launches-position-manager-trading-volume-surges-91/">PancakeSwap Launches Position Manager; Trading Volume Surges 91%</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

PancakeSwap Launches Position Manager; Trading Volume Surges 91%

Coin Edition

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