PancakeSwap Surpasses Circle in Protocol Fees: $9.27 Million in 24 Hours

According to recent data from DefiLlama, PancakeSwap has achieved a notable milestone, reporting a protocol fee of $9.27 million within the last 24 hours. This impressive figure positions PancakeSwap as the second-leading decentralized exchange, surpassing Circle’s fees of $6.41 million. This shift underscores the growing dominance of PancakeSwap in the decentralized finance (DeFi) space, particularly as interest in blockchain solutions continues to rise. The exchange now stands just behind the top performer, Tether, further emphasizing its robust market presence. As transaction volumes escalate, PancakeSwap’s fee structure benefits from increased user engagement, solidifying its place as a pivotal platform in the ever-evolving world of cryptocurrency trading.