The native token of the decentralized exchange (DEX), PancakeSwap (CAKE), is currently experiencing significant momentum, with its price rising by double-digits and trading volume surging by nearly 200% in the last 24 hours. This renewed interest comes as the platform rolls out a new modular framework and launches an incentive campaign.
A major catalyst for the recent rally is the unveiling of PancakeSwap Infinity, a modular framework now deployed on the Base network. This innovation allows developers and users to create customized liquidity pools with features like dynamic fees and on-chain limit orders, enhancing the platform's flexibility and appeal. The launch of Infinity on the Base network has coincided with an increase in the network's total value locked (TVL) to over $4.29 billion, up more than 33% year-to-date.
PancakeSwap is also drawing in traders with a new network incentive campaign. The DEX has extended a trading campaign on the BNB Chain, offering participants the chance to earn a share of approximately $250,000 in rewards by trading five specific Binance Alpha Tokens until August 5, 2025.
With the price gains and a spike in trading volume, analysts are watching key resistance levels. While PancakeSwap’s price has already jumped 13% in 24 hours, it's eyeing a potential break above the $3.30 resistance level. Should it successfully breach this threshold, some analysts believe it could pave the way for a push toward $5 and possibly even $10.
July 2025, Cryptoniteuae