PancakeSwap's CAKE rallied 28% after it announced its new “mini-program” on the Binance app. LedesmaLyllah reports
PancakeSwap , a decentralized exchange built on the Binance Smart Chain, is up 28% in the last 24 hours. This comes after PancakeSwapThe token was trading around $5.50 prior to the announcement and reached $7.00 afterwards. At press time, the token was trading at around $6.40.
The partnership launches a ‘PancakeSwap Mini-Program’ on the Binance app, which according to the press release, is the first decentralized finance project on Binance’s mobile platform. The Mini Program will start rolling out Thursday and eventually be available to all users of the app. The idea behind the launch is to give Binance users easy access to PancakeSwap through the Binance app, lowering the barrier to DeFi. Binance has also announced a DeFi Wallet within its app, allowing users to transfer funds and use DApps such as PancakeSwap.
Although CAKE is trading up 28% on the day, the token is still 85% off its all-time high, which was reached in April 2021. Data from Nansen shows that on the whole, on-chain volume is still small compared to 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Exchange FTX to Set up Regional HQ in Dubai (Report)FTX and Binance will reportedly establish regional headquarters in Dubai.
Read more »
Binance Awarded Specialist License By Dubai’s Virtual Asset Regulatory Authority | Binance BlogBinance has been granted a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority (VARA). This licence ensures that Binance will be able to operate its regional business from Dubai, UAE 🇦🇪
Read more »
Binance Adds ALPINE/BUSD, LUNA/GBP, NEAR/EUR, TWT/TRY & WAVES/EUR Trading Pairs | Binance SupportFellow Binancians, Binance will open trading for ALPINE/BUSD, LUNA/GBP, NEAR/EUR, TWT/TRY and WAVES/EUR trading pairs at 2022-03-18 10:00 AM (UTC). Please note: EUR, GBP and TRY are fiat currencies...
Read more »
Binance given nod for crypto license in DubaiBinance will anchor a blockchain technology hub in the Dubai World Trade Centre, to seed new talent, it said.
Read more »
From HODLers to EARNers: Trade on P2P to Earn 2X APY! | Binance SupportReminder: Click the [register now] button on the activity page to be qualified for a reward Activity Period : 2022-03-16 08:00 AM to 2022-04-10 08:00 AM (UTC) Binance P2P is launching two new p...
Read more »
Verify & Buy Crypto to Get 10 BUSD - Share Up to $100,000! | Binance SupportClick on [Join the Promotion] button to participate and claim your reward Activity Period : 2022-03-16 11:00 AM (UTC) to 2022-04-16 11:00 AM (UTC) We have launched a promotion for Binance users in...
Read more »