#BSCProjectSpotlight PancakeSwap (CAKE) Rises 37% After Resurgence of Memecoins and Removal of Tether from Binance.

PancakeSwap, a decentralized exchange, is reaping the rewards of a rise in Binance Smart Chain, which has sent its CAKE token soaring.

PancakeSwap, a decentralized exchange on Binance Smart Chain, has the highest trading volume in the last 24 hours, even surpassing its Ethereum-based competitor, Uniswap.

And according to CoinGecko, all that volume has driven a 40% increase in its CAKE token over the last day. This comes after Binance removed Tether from the exchange, leading to a spike in Tether volume on PancakeSwap, and an unrelated surge in interest in memecoins on Binance Smart Chain.