- PancakeSwap adds perpetual swaps on AAPL, AMZN, TSLA shares to DeFi trading platform.
- Major crypto/forex pairs offer 24/7 trading; stocks follow the traditional market schedule.
- Platform upgrades, price oracles, and user wallet trading boost DEX growth.
Decentralized exchange PancakeSwap has added support for perpetual swaps on Apple, Amazon, and Tesla shares, according to the platform's blog.
Contracts for AAPL, AMZN, and TSLA track stock prices on traditional markets, but their trading is limited to standard exchange sessions. Crypto and forex pairs like BTCUSD, ETHUSD, BNBUSD, EURUSD, and GBPUSD remain available for trading 24 hours a day.
PancakeSwap’s perpetual swaps allow traders to speculate on stock prices with up to 25x leverage while maintaining full control over their assets. The DEX plans to expand the list of available instruments in the coming months.
The exchange introduced PancakeSwap Perpetuals in 2022. Last October, the platform released a major upgrade featuring a revamped interface and a liquidity engine utilizing the ALP pool.
The trading platform has also integrated price oracles from Pyth, Binance Oracle, and Chainlink, and removed the order book. PancakeSwap users can trade directly from their wallets without transferring assets to the exchange. For large pairs like BTC/USDT, the platform supports leverage up to 150x.
Growth and Market Position
According to DeFi Llama, PancakeSwap is the second-largest decentralized exchange (DEX), with daily trading volume exceeding $1.7 billion. The platform’s total value locked (TVL) stands at $2.01 billion.
In July, PancakeSwap generated more than $28.6 million in revenue and processed $146.6 million in trading fees. Despite these developments, its native token CAKE showed minimal price response, rising just 0.5% in the past 24 hours.
