PancakeSwap, the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), is growing at more than 2 million active users. The success of the protocol is further demonstrated when you consider that in the last 7 days, it has attracted 916, 320 unique active users. The PancakeSwap price is not content with a 68% rally in the last 2 weeks. CAKE is eyeing up a return above $20.00, and potentially even higher. PancakeSwap, the Binance Smart Chain-based automated market maker (AMM), currently has close to $8 billion in Total Value Locked assets (TVL) and a market cap just north of $3 billion.
The latest rise in the PancakeSwap price comes as the Decentralized Exchange (DEX) completed its weekly token burn. More than 5 million CAKE Tokens have been permanently removed from supply as part of the project’s deflationary mechanism.
The resulting price reaction has lifted the token back above the 200-day moving average and cleared the path for the CAKE price to progress towards $20.00. PanCakeSwap has blown its competition out of the water with its closest rival, UniSwap, racking up just a quarter of its active users at 10%.
How To Launch Your PancakeSwap Like DeFi DEX On BSC?
Interestingly PancakeSwap can be launched by any individuals who wish to make revenue in online. Here is an easy solution to start with a ready-made solution called PancakeSwap Clone Script. PancakeSwap Clone Script is a Defi-based DEX Exchange Clone Script which is a battle-tested, perfectly compiled, and well-customized script to quickly start an own DeFi based exchange on top of the Binance Smart Chain(BSC).
This PancakeSwap clone can be effectively utilized for swapping BEP-20 tokens and works on the basis of AMM which means automated market maker (AMM). PancakeSwap clone script is completely tested, error-free and can be instantly deployed which eliminates the need to develop a DEX platform from scratch. If you wish to start a DEX platform on top of the Binance Smart Chain, then the right solution is to go for our PancakeSwap Clone Script which includes BEP-20 token swapping, liquidity pools, and much more functionalities available for the business freaks who wishes to start DeFi based DEX exchange platform.
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