PancakeSwap releases January report: total transaction volume reached US$15.5 billion, net minting volume of CAKE -178,547 coins

Odaily News DEX PancakeSwap officially released its January report. Key indicator data include: 1. Total transaction volume hit US$15.5 billion; 2. Average daily trading volume: US$499 million; 3. Independent traders: 1.8 million; 4. Web3 wallet users : 48,000. In addition, the monthly report data also revealed that in January 2024, PancakeSwaps net minting volume was -178,547, indicating that more CAKE tokens were destroyed than minted in that month.