Decentralized exchange tokens are back in focus as PancakeSwap (CAKE), Uniswap (UNI), and Cetus Protocol (CETUS) show strong activity heading into the third week of June 2025. CAKE is riding the wave of BNB Chain’s dominance in DEX volume, while UNI is surging on record trading activity and bullish regulatory developments.
Meanwhile, CETUS is rebounding after a $220 million exploit, relaunching with new security measures and compensation plans. With each of these DEX tokens showing distinct catalysts, traders are watching closely for breakout moves in the days ahead.
PancakeSwap (CAKE)
BNB Chain has surged in relevance over the past month, leading the decentralized exchange (DEX) market with an impressive $142 billion in volume over the last 30 days.
This figure puts it ahead of major competitors like Solana, Ethereum, and Base. In the past 24 hours alone, BNB registered $4.49 billion in DEX volume, highlighting strong and sustained user activity.
This surge has positioned BNB as the dominant force in on-chain trading, signaling growing trust and efficiency across its DeFi ecosystem.
Over the past 30 days, PancakeSwap has generated $45 million in revenue, ranking sixth among all protocols. Coinbase also listed it on June 12.
If this momentum continues, CAKE—the platform’s native token—could push higher to test the resistance at $2.74 and potentially $2.94 if the uptrend strengthens.
However, if support at $2.54 breaks, CAKE could slip back to $2.26 or even $2.21, making these levels key zones to watch in the short term.
Uniswap (UNI)
Uniswap is gaining attention after posting a record monthly trading volume of $88.8 billion in May 2025—the highest since the start of the year.
This surge reflects renewed investor interest, driven by strong on-chain activity, growing treasury value, and rising expectations around U.S. regulatory clarity.
Momentum intensified following news that the SEC is preparing a potential “innovation exemption” tailored to support DeFi protocols, fueling optimism across the sector. As a result, UNI has broken key resistance levels in recent weeks, with traders eyeing higher targets amid improving technicals and a bullish market narrative.
Despite this positive backdrop, UNI price now finds itself near a critical support level at $7.70. A break below that could lead to a pullback toward $7.11, erasing a portion of recent gains.
On the other hand, if momentum returns, UNI could climb back to test resistance at $8.67—a level that previously acted as a four-month high.
With both bullish fundamentals and regulatory catalysts in play, traders are closely watching whether UNI can maintain its upward structure or face renewed profit-taking.
Cetus Protocol (CETUS)
Cetus Protocol, a decentralized exchange native to the Sui network, has relaunched operations after suffering a massive $220 million exploit in May 2025. The attack stemmed from a flaw in its pricing mechanism, which allowed an attacker to drain funds from major liquidity pools.
Although the team managed to freeze $162 million shortly after the incident, not all pools were fully restored.
As part of its recovery, Cetus has relaunched with a push toward open-source development, new security audits, and a bug bounty program to strengthen its infrastructure going forward.
If CETUS regains investor confidence and buying pressure returns, the token could test the $0.129 resistance level and, if broken, push further toward $0.142.
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