PancakeSwap V3 (Base) market summary
Decentralized (DEX). Established 2023. Trust rank 102. Reported 24h volume 2199.30 BTC.
Coverage: 80 active pairs across 54 tradable assets. Liquidity profile: High. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 99.3%. Key pairs include CBBTC/WETH, WETH/USDC, CBBTC/USDC, WETH/CBBTC. Leading pair CBBTC/WETH. Median spread on leading markets 0.60%.
How to read the key metrics
Volume mix: WETH is the largest tracked quote currency at about 50.4% of measured flow. Data scope: 92 tickers observed, with spread readings on 92 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. 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