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

PancakeSwap, a decentralized exchange, is reaping the rewards of an increase in Binance Smart Chain, which has caused its CAKE token to soar.

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% rise in its CAKE token over the last day. This comes after Binance removed Tether from the exchange, causing an increase in Tether volume on PancakeSwap, and an unrelated surge in interest in memecoins on Binance Smart Chain.