PancakeSwap recorded a historic $325 billion in trading volume for June, marking its highest monthly volume in five years. This growth led to a second-quarter total of $530 billion, more than double the $211 billion from Q1. Key upgrades, including PancakeSwap Infinity, introduced features like lower gas fees and customizable liquidity pools, enhancing user experience and efficiency. The crosschain trading feature, launched on June 11, allows trading across BNB Chain, Ethereum, and Arbitrum without bridges. Chef Kids, head of PancakeSwap, noted the benefits for developers and liquidity providers, including smoother integrations and improved capital allocation. Despite this strong growth, PancakeSwap remains heavily reliant on BNB Chain, accounting for 96.7% of total trading volume with substantial market share. Its presence on Ethereum is modest, highlighting the need for expanded multichain strategies. Overall, PancakeSwap's continuous upgrades and strategic expansion efforts point towards a competitive positioning within the decentralized exchange landscape.

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