PancakeSwap has expanded its Crosschain Swap feature to include Solana, allowing users to swap tokens seamlessly across seven different blockchains. The move comes at a time of rising competition in the decentralized exchange (DEX) sector, particularly with the recent launch of Aster DEX.
In its official blog post, PancakeSwap revealed that its Crosschain Swap feature now supports Solana, alongside Ethereum, BNB Chain, Arbitrum, Base, ZKsync, and Linea. This integration means users can execute token swaps across multiple chains through the PancakeSwap interface without needing to switch between different apps or bridges.
The Solana integration is powered by Relay, a multichain payment network that enables smooth transfers between blockchains. This update highlights PancakeSwap’s push to strengthen its multichain presence while competing against emerging platforms like Aster DEX. Notably, Binance co-founder Changpeng “CZ” Zhao praised Aster for its multi-chain support and its unique design compared to other perpetual DEXs.
Meanwhile, decentralized trading activity continues to surge. According to DeFiLlama, daily DEX volume hit $16 billion on September 22, with PancakeSwap leading in 24-hour trading volume at $3.41 billion. Other major players included Uniswap ($2.6B), Meteora ($1.2B), Fluid ($1B), and Raydium ($768M). Aster and Hyperliquid followed with $533M and $514M, respectively.
Over a 7-day period, Uniswap topped the list with $23 billion in trading volume, while PancakeSwap ranked second with $20 billion. Hyperliquid and Aster posted volumes of $4.81B and $2.4B, showing increasing traction among traders.
Aster has also made headlines with its launch of 300x leverage trading for HYPE, Hyperliquid’s native token, one of the highest leverage offerings currently available in the DeFi market.
