PancakeSwap announced that in the first quarter of 2025, trading volume reached $20.53 billion, setting a new quarterly record since the platform's inception. According to Dune Analytics data, the number of unique users in that quarter reached 5.83 million, the highest since Q4 2021. From Q1 2023 to now, PancakeSwap's trading volume has increased by 921%, unique users have grown by 81.25%, and the number of transactions has increased by 159.41%. #Cake