Interestingly PancakeSwap led all DEXes in May with over $171B in total monthly volume, accounting for 42% of all DEX volume across the space. This also marks the most activity PancakeSwap has ever seen, shattering its previous record of $137B set in May 2021. 

Last week alone, the protocol handled a staggering $58B in onchain volume which is more than leading DEXes like Raydium ($28B), Meteora ($19B), and Aerodrome ($17B) processed over the entire month. 

Overall, May saw over $410B in DEX volume, the second highest total in the past 12 months and more than April ($194B) and March ($200B) combined.

Buckle up 😈