4 hours ago
PancakeSwap has emerged arsenic the highest revenue-generating level successful the crypto manufacture implicit the past 24 hours, outpacing adjacent large players similar Tether.
According to DeFiLlama data, PancakeSwap generated $24.6 cardinal successful fees connected July 17, eclipsing Tether’s $19.9 cardinal during the aforesaid period.
This marks the DEX platform’s second-largest single-day interest haul, conscionable down the $31.2 cardinal it posted connected May 19, 2021.
Market observers noted that the spike successful net is straight tied to an awesome leap successful trading volume.
BNB Chain PancakeSwap DEX Volume and Revenue (Source: DeFiLlama)DeFiLlama information shows that the DEX recorded implicit $10 cardinal successful regular trading volume, which is simply a four-year precocious for the trading platform. This accounted for astir fractional of each decentralized trading enactment successful the past 24 hours.
The July 17 spike besides ranks arsenic PancakeSwap’s second-highest regular trading measurement ever, trailing lone the near-$13 cardinal posted connected May 19, 2021.
The measurement surge appears to beryllium a cardinal operator of its gross boost, reinforcing the platform’s relation arsenic a ascendant unit successful the DeFi ecosystem.
The station PancakeSwap surpasses Tether with $24.6M regular revenue, driven by grounds $10B trading surge appeared archetypal connected CryptoSlate.
English (US) 