PancakeSwap Launches Position Manager; Trading Volume Surges 91%

• PancakeSwap recorded a 91% surge after announcing its new portfolio manager feature.
• CAKE’s market capitalization stands at $548 million at the time of writing.
• PancakeSwap claims to be a better crypto exchange than Uniswap in a recent tweet.

On October 30, decentralized crypto exchange PancakeSwap introduced a new integration  Position Manager or a portfolio manager functionality on the platform’s dashboard, triggering a 91% surge in trading volume in the following week. According to data from CoinMarketCap, within the first 24 hours of the announcement, trading volume rose by 42% rise in trading volume, reaching a total of $373 million.

This rapid increase boosted the market capitalization of PancakeSwap’s governance token CAKE to $547 million 24 hours after the announcement. At the time of writing, ’s market capitalization stands at $548 million with a 25% increase in 24-hour volume.

PancakeSwap’s new feature integrates the automated yield strategies of DeFi protocol Bril Finance, enabling users to easily deposit tokens, including USDT, BTCB, BNB, and ETH into single-asset vaults through the platform’s interface. These tokens are then incorporated into a liquidity provision algorithm with automatic rebalancing, potentially offering users better risk-adjusted returns compared to other methods. The statement also noted,

With over $1.2 billion worth of assets in total value locked, PancakeSwap already provides portfolio managers with a robust suite of DeFi options, including swaps, liquidity pools, staking, and farming. 

PancakeSwap claims to be the most efficient crypto exchange when it comes to saving money. A recent tweet discussing a direct comparison between PancakeSwap and Uniswap highlighted that the former charges no interface fees, while Uniswap charges 0.15%. Additionally, PancakeSwap starts at just 0.01% for swap fees, whereas Uniswap starts at 0.05%. While being available on multiple chains, including Ethereum, BNB Chain, Arbitrum, zkSync Era, Base, Linea, Polygon zkEVM, opBNB, and Aptos, PancakeSwap claims to better swap prices as well.

In June, PancakeSwap recorded more Daily Active Users (DAU) than Uniswap, as reported by CoinEdition. Token Terminal data showed that Uniswap had 59,600 DAU, whereas PancakeSwap had a significantly higher count of 123,100 active users. As indicated by DefiLlama’s data, PancakeSwap ranks as the second-largest fully decentralized cryptocurrency exchange in daily trading volume.