The latest data obtained from crypto analytics platform DappRadar has revealed that Pancakeswap is the world’s most used decentralized application. Pancakeswap has had nearly 1.5 million users over the past seven days, surpassing the second-placed dApp with nearly a million users during that period.

Pancakeswap is a Binance Smart Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is trading at $7.22, down by more than 6.5% in the last 24 hours.