PancakeSwap (CAKE) Hits 10-Month High as It Rides BNB Chain Momentum

Decentralized finance (DeFi) token CAKE has emerged as today’s top gainer, defying the broader market’s pullback in trading activity. The multi-chain token, native to the BNB Chain, has posted impressive gains over the past week, fueled by the recent surge in user demand on the network. With technical and on-chain indicators pointing to sustained demand, CAKE could be gearing up for an extended rally. CAKE Extends Rally as BNB Chain Activity Soars CAKE’s rally follows a surge in user activity on the BNB Chain over the past month, which has driven up the values of several crypto assets native to the Layer-1 (L1) blockchain source: https://beincrypto.com/cake-price-rises-as-bnb-chain-heats-up/