PancakeSwap V3 (BSC) exchange overview
Decentralized (DEX). Established 2023. Trust rank 572. Reported 24h volume 13928.87 BTC.
Coverage: 1006 active pairs across 753 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 72.1%. Key pairs include USDC/WBNB, BSC-USD/WBNB, WETH/BSC-USD, BTCB/WBNB. Leading pair USDC/WBNB. Median spread on leading markets 0.60%.
What the key metrics mean
Volume mix: WBNB is the largest tracked quote currency at about 56.6% of measured flow. Data scope: 100 tickers observed, with spread readings on 100 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration indicates how much of the venue depends on its leaders versus a wider set of pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. With a large set of active pairs, execution can vary across markets, so check whether activity is spread beyond the leaders. 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