PancakeSwap V3 (Arbitrum) market summary
Decentralized (DEX). Established 2023. Trust rank 97. Reported 24h volume 3545.84 BTC.
Coverage: 55 active pairs across 33 tradable assets. Liquidity profile: High. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 98.8%. Key pairs include VSN/USDC, USDC/WETH, WBTC/WETH, WETH/USDT0. Leading pair VSN/USDC. Median spread on leading markets 0.61%.
What the key metrics mean
Volume mix: USDC is the largest tracked quote currency at about 45.9% of measured flow. Data scope: 68 tickers observed, with spread readings on 68 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. A good read is to pair these metrics with the top pairs panel and the volume chart to understand both structure and recent behavior.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy