Table content
Alright, here’s a paraphrased version of the text you gave, with a touch of human flair to enhance its naturalness:
**PancakeSwap (CAKE) Soars by 45%, Providing a Significant Lift to the BNB Network**
*Disclaimer: The opinions stated herein belong exclusively to the writer and do not reflect the opinions of U.Today. Financial and marketplace data on U.Today is intended solely for informational purposes. U.Today disclaims any liability for monetary losses sustained from cryptocurrency trading. Seek advice from a financial professional and perform your own investigation before making any investment choices. While we strive to ensure the accuracy of all content as of the publication date, certain offers mentioned may no longer be applicable.*
CAKE, PancakeSwap’s own token, has experienced a substantial increase, surging by more than 45% in the previous 24 hours. This decentralized exchange (DEX) operating on the BNB Chain is undoubtedly experiencing considerable popularity!
CAKE rose from a bottom of $1.78 in early trading on Monday to a peak of $2.69, extending a surge that commenced yesterday from a low of $1.383. Currently, PancakeSwap has increased by 40% to $2.48, and a remarkable 59% over the last week.
The entire BNB Chain DEX environment is prospering, with trading volumes reaching an astounding $1.64 billion in the past day. That’s sufficient to surpass Solana and secure the leading position for DEX trading volume!
What is driving this surge? Well, a contributing factor is the current excitement surrounding meme coins like Mubarak, which have been gaining substantial momentum on the BNB Chain. This has resulted in a surge of activity, consequently increasing DEX trading volumes on the network.
PancakeSwap, as the primary DEX on BNB Chain, is directly involved in this activity. It has evolved into the DEX with the highest trading volume in the last day, which is clearly influencing CAKE’s value.
CAKE is not the only one benefiting. Other BNB Chain tokens are also witnessing value appreciations as activity and interest in the ecosystem expand. BNB itself has increased by 7%, surpassing the performance of the majority of other top 10 cryptocurrencies. And that emerging meme coin, Mubarak? It has skyrocketed by 95% in the last day!
## BNB Network Prepares for a Revolutionary Enhancement
The BNB network is nearing a significant transformation! The Pascal hard fork on the BNB Chain, scheduled for March 20th on the mainnet, will implement EIP-7702. This is more than just a typical update; it represents a basic change in how operations function on the BNB Chain. Sprouts Farmers Market Stock Price Rises Due to Positive Forecast
Picture a scenario where you don’t require BNB to settle gas costs! That’s the assurance of this enhancement. Presently, every user must possess BNB to handle gas charges, which can be a considerable obstacle for beginners. With EIP-7702, gas costs can be handled by another party – another wallet, a service, and so on!
EIP-7702 basically enables externally possessed accounts (EOAs) to briefly function like smart agreements within one operation. Consider the potential outcomes!
