PancakeSwap (v2)

Trust Rank External venue ranking. It is not calculated by YearBull and is not a solvency guarantee.
#203
24h Volume (BTC)
853.009 BTC
Country
n/a
Established
2020
Author
Alan Zelvin
Alan Zelvin
Founder & Research Lead
Reading time
2 min
Dates Published / Modified
/

PancakeSwap (v2) exchange snapshot

Decentralized (DEX). Established 2020. Trust Rank 203. Reported 24h volume 853.01 BTC.

Coverage: 2240 active pairs across 1893 tradable assets. Top ten pairs share 77.6%. Key pairs include SKYAI/WBNB, ARK/BSC-USD, 币安人生/WBNB, IBS/BSC-USD. Leading pair SKYAI/WBNB. Median spread on leading markets 0.60%. Volume mix: WBNB is the largest tracked quote currency at about 71.0% of measured flow. Data scope: 2363 tickers observed, with spread readings on 300 markets.

How to read these exchange metrics

Scope: Trust Rank is an external relative position from the locally stored exchange snapshot. It is not calculated by YearBull and is not a guarantee of solvency, custody quality, licensing, customer protection, or future withdrawal access. Coverage counts observed markets, while concentration shows how much measured volume is assigned to the leading pairs. Median spread summarizes the bid ask gap in the observed leading markets; actual execution also depends on order size, depth, location, and market conditions.

Methodology responsibility: YearBull’s analytical methodology and presentation rules are developed and maintained by Alan Zelvin, Founder & Lead Crypto Researcher. This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.

Figures may change as exchange and ticker snapshots are refreshed. Read the YearBull methodology.

PancakeSwap (v2) liquidity and coverage analysis

The current local dataset contains 2,240 observed pairs, 1,893 represented assets, 2,363 ticker records. The ten leading pairs account for about 77.6% of measured volume, a moderately concentrated distribution. Median spread across the observed leading markets is 0.60%. The local volume series contains 30 points; its first to latest change is +247.0%, with a median observation of 799.88 BTC.

Coverage and reported volume show the scope of observed markets, not custody quality, solvency, regulatory availability, or guaranteed execution. Pair level depth and withdrawal conditions should be checked for the intended transaction.

Exchange Notes

Table of Contents
  1. PancakeSwap (v2) exchange research overview
  2. Coverage and concentration
  3. Historical volume context
  4. How to evaluate PancakeSwap (v2)
  5. Key risks and limits
  6. Primary sources and review scope

PancakeSwap (v2) exchange research overview

PancakeSwap (v2) is tracked as a decentralized exchange under pancakeswap_new. A founding or launch year of 2020 is recorded. This profile analyzes observed market structure and is not an endorsement.

Coverage and concentration

The dated snapshot contains 2,240 active pairs, 1,893 tradable assets, 2,363 ticker observations. The leading observed pair is SKYAI/WBNB with about 42.5% of measured volume. The ten leading pairs account for about 77.6%, which is moderately concentrated. Median spread across leading observed markets is 0.60%.

Historical volume context

The local series contains 30 observations. First to latest reported volume changed +247.0%; the median was 799.88 BTC, compared with a measured range of 250.93 to 12,655.73 BTC. Reported activity does not by itself establish executable depth for a specific order.

How to evaluate PancakeSwap (v2)

Compare fees, pair level depth, deposits and withdrawals, custody or contract design, account protections, token verification, and local eligibility. At the 2026-09-12 review, the Trust Rank was #203. Trust Rank, coverage, concentration, and spread answer different questions and should be read together.

Key risks and limits

Smart contract faults, oracle or bridge dependencies, front end availability, token verification, pool depth, wallet security, governance, and routing can affect execution. Terms, interfaces, listed markets, and regulatory availability can change. Verify current conditions directly with the venue.

Primary sources and review scope

YearBull methodology | Official exchange website. Identity and cached market fields were reviewed on 2026-09-12. The live exchange snapshot may be newer than this editorial review.

Related Research

Continue with contextually connected profiles and category data:

Venue research

Similar exchanges

Compare venue type, local coverage, observed pairs, and Trust Rank context.

All DEX →
ChangeNOWTrust Rank #202230 observed pairsSubnet TokensTrust Rank #205120 observed pairs

Exchange Trade Volume