PancakeSwap, a decentralized exchange on Binance Smart Chain, has seen its CAKE token surge by 37% in 24 hours, reflecting a broader resurgence in meme coins and an increase in trading volume linked to impending Tether delisting from Binance. PancakeSwap reported over $647 million in trading volume, outpacing competitors like Uniswap. The rise in CAKE's price to $2.49 coincided with Binance's announcement of the delisting of nine stablecoins for users in the European Economic Area, including Tether (USDT). This delisting is pushing Binance users to move their assets to PancakeSwap to avoid disruptions. Meanwhile, the market cap for meme coins on the Binance Smart Chain has jumped significantly, fueled by renewed interest, with trading in tokens like Mubarak gaining traction. The Binance Smart Chain is currently processing substantial decentralized app volumes, showing its growth against leading chains like Ethereum.

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