PancakeSwap V3 (Ethereum) market summary
Decentralized (DEX). Established 2023. Trust rank 142. Reported 24h volume 92.04 BTC.
Coverage: 46 active pairs across 34 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 99.8%. Key pairs include USDC/WETH, WETH/USDT, USDC/USDT, ORDER/WETH. Leading pair USDC/WETH. Median spread on leading markets 0.61%.
Liquidity structure and trading conditions
Volume mix: WETH is the largest tracked quote currency at about 56.5% of measured flow. Data scope: 48 tickers observed, with spread readings on 48 markets. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage reflects breadth of markets you can access here, which matters when you need alternatives beyond the top pair. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread is a practical measure of how tight pricing tends to be on the leading markets. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. For venue selection, combine breadth, concentration, and spread conditions with the key pairs list to understand where activity really sits.
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