PancakeSwap Surges to $4.56 Million in Daily Revenue, Overtaking Major Competitors

On March 20th, COINOTAG reported that PancakeSwap has seen a significant uptick in its 24-hour revenue, now totaling $4.56 million. This surge marks PancakeSwap as a leading entity, outpacing several established protocols including Jupiter, Tron, Lido, and even Uniswap, which positions it third on the crypto revenue leaderboard. Notably, Tether and Circle lead the rankings with revenues of $18.35 million and $6.16 million, respectively. This performance underscores PancakeSwap’s growing influence in the DeFi ecosystem, further emphasizing the competitive landscape of decentralized exchanges. As more investors gravitate towards platforms offering robust yield opportunities, the rise in PancakeSwap’s revenue reflects a broader trend in the cryptocurrency market towards innovation and diversification.