PancakeSwap has consolidated its position as the top revenue source on Binance Smart Chain. According to an analysis report released on July 8 by CryptoQuant contributor CryptoOnchain, PancakeSwap (CAKE) currently accounts for over 64% of all protocol revenue on Binance Smart Chain. The 50-day moving average of revenue has reached a new high, indicating a steady increase in usage and network activity. Daily revenue has been consistently growing. In terms of fee generation and user activity, PancakeSwap continues to outperform other protocols on BSC. The latest data shows that the transaction volume and fees processed by the platform are higher than any other application on the chain. According to DefiLlama's data, by June 2025, PancakeSwap's monthly trading volume reached $152 billion. This is the highest level in the platform's five-year history. The second quarter ended with a trading volume of $281 billion, up from $211 billion in the first quarter. This growth was achieved following the launch of PancakeSwap Infinity in April. This upgrade reduced gas fees, introduced new types of liquidity pools, and provided customizable features for developers. These changes aim to make building and trading on the platform easier. On July 1, PancakeSwap launched v3 liquidity pools on Solana (SOL). This allows support for tokens such as BONK, PYUSD, and EURC. Liquidity providers can now earn up to 84% in trading fees in selected pools. This move leverages Solana's speed and low cost. Additionally, Coinbase listed CAKE as an ERC-20 token in June, increasing the token's exposure in new markets and enhancing the platform's credibility among institutional and retail users. Analysts remain optimistic, noting that future enhancements will deepen cross-chain capabilities and improve NFT support. As of the time of publication, CAKE's trading price is $2.27, slightly down from the previous day. The weekly price range is between $2.21 and $2.40. Trading volume over the past 24 hours has decreased by about 7%, currently at $36.5 million. From a technical perspective, CAKE's trading price is slightly above its 20-day moving average. The narrowing of the Bollinger Bands indicates that volatility is increasing, a trend that typically precedes significant price changes. The Relative Strength Index is around 50, indicating a market balance between buyers and sellers. While a drop below $2.21 could lead to a decline to $2.05, a breakout above $2.38 could pave the way towards $2.60. With increasing protocol activity and solid fundamentals, this setup is balanced but leans towards bullish. [CoinWorld]

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