Uniswap and PancakeSwap account for 96% of $678M DEX volume in tokenized commodities
Uniswap and PancakeSwap handle 96.1% of $678.2M tokenized commodity trading volume on decentralized exchanges (DEXs) in the past 30 days. Gold-backed tokens, like Paxos Gold (PAXG) and Tether Gold (XAUt), dominate this segment, accounting for 80% of daily volume. Both platforms offer deep liquidity and user bases, with Uniswap on Ethereum and PancakeSwap on BNB Chain.


