PancakeSwap TVL Drops 12%, Did This Exchange Received A Lethal Blow?

PancakeSwap (CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion. The crypto crackdown by regulators targeting Binance’s stablecoin BUSD triggered a decrease in the stablecoin supply.