PancakeSwap Surpasses $100 Billion in Total Volume on Base

The decentralized exchange reported more than 157,000 transactions on Base (Ethereum layer-2 network), marking a new usage milestone for the platform on the network.

Summary

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Terms & Concepts
  • PancakeSwap: A decentralized exchange that lets users swap crypto assets through smart contracts (self-executing blockchain code) without a traditional intermediary.
  • Base: An Ethereum layer-2 network designed to process transactions more efficiently while relying on Ethereum for settlement.
  • Total volume: The cumulative value of trades processed on a platform over time, often used to measure exchange activity and adoption.