TechFlow reports that decentralized exchange PancakeSwap has announced a new monthly high for its Arbitrum-based Perpetuals V2 trading volume, surpassing $395 million with the month of August not yet over.
PancakeSwap stated that users can trade Bitcoin, Ethereum, and other cryptocurrencies on its platform with up to 250x leverage. Additionally, the platform offers a "Degen Mode," allowing users to trade with leverage as high as 1001x.
Meanwhile, PancakeSwap has also launched a "Dumb Mode," enabling users to set trade expiration times of 60 seconds, 5 minutes, or 10 minutes. PancakeSwap hinted that trading volume could reach $500 million by the end of the month.
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