According to a tweet by BNB chain, PancakeSwap [CAKE] became the most used dApp on the network. PancakeSwap stood first in the list of top 15 dApps on the BNB Chain, accounting for 62% of the total users.

BNB Chain stated that over 1.36 million users have used PancakeSwap in 2023, highlighting the growing dominance of the decentralized exchange (DEX).

It should be noted that BNB Chain was the largest blockchain in terms of daily active users at the time of writing.

The findings of BNB Chain were corroborated by data from Token Terminal. The growth in the number of users boosted the trading volume on PancakeSwap. Over the last 30 days, the trading volume surged nearly 60%.