What is the global ranking of pancakeswap exchange?

PancakeSwap ranks 6th among global decentralized exchanges (DEX) and is the leader among all DEXs. Its success can be attributed to: being built on the Binance Smart Chain (BSC), which enables fast, low-cost transactions. Utilize liquidity pools to facilitate trading, providing better prices and lower slippage. Supports a wide range of altcoins, attracting a large number of users. Has a user-friendly interface and is easy to use.

PancakeSwap Ranking

Global Ranking:

As of now (2023-3 Month), PancakeSwap ranked 6 among global decentralized exchanges (DEX).

Decentralized exchange ranking:

PancakeSwap ranks 1 among all decentralized exchanges.

The following is an overview of PancakeSwap’s rankings among different ranking institutions:

• CoinMarketCap: DEX No. 1, Global No. 14
• CoinGecko: No. 1 in DEX, No. 15 globally
• DefiLlama: No. 1 in DEX

The success of PancakeSwap is mainly attributed to The following factors:

• Binance Smart Chain (BSC): It is built on BSC, which provides fast, low-cost transactions to its users.
• Liquidity Pool: It utilizes liquidity pools to facilitate trading, which provides users with better prices and lower slippage.
• Wide altcoin support: It supports a wide variety of altcoins, attracting a large number of users.
• User-Friendly Interface: It has a user-friendly interface that even a beginner can use easily.

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