DeFi Onchain Fees Hit ATH, PancakeSwap & Pump.Fun In Spotlight
The post DeFi Onchain Fees Hit ATH, PancakeSwap & Pump.Fun In Spotlight appeared on BitcoinEthereumNews.com. The Decentralized Finance (DeFi) sector has seen a surge in on-chain fees, with monthly revenue increasing by approximately 58% in recent months. Notably, DeFi fees hovered around $366 million in April but have since surged to an all-time high (ATH) of $577 million. PancakeSwap Powers Fee Surge with Cross-Chain Expansion On-chain data from DeFiLlama indicate that notable DeFi protocols, such as PancakeSwap (CAKE), played a pivotal role in this development. Remarkably, PancakeSwap generated $275 million in fees from its automated market-making services and yield farming mechanism. A major appeal of DeFi platforms to users has always been their peer-to-peer transactions. This offering guarantees a lower cost, as it eliminates customary intermediaries. It places it at an advantage over the traditional banking fees in the financial space. All the fees on PancakeSwap were generated from charging 0.25% on each trade. The decentralized exchange on the BNB Chain has been making expansionary moves in the crypto space. Recently, it announced the launch of its V3 Liquidity on the Solana blockchain. The move aims to provide traders and liquidity providers with capital-efficient liquidity and low-fee swaps. Image Source: PancakeSwap on X This development might further increase adoption from users and drive revenue to a higher level in the days to come. With the integration, PancakeSwap is gradually evolving into a borderless platform that provides a seamless DeFi experience across chains. It signals that PancakeSwap has matured over the years as a DeFi protocol and is now establishing its sustainability, which has led to trust from users. The Pump.Fun Memecoin Model Gains Traction Interestingly, the competitiveness in the DeFi sector has intensified as various protocols optimize their products for revenue generation. They have managed to enhance revenue while growing user adoption. Pump.Fun, the Solana-based memecoin, has remained resilient despite challenges and criticism from notable…
The post DeFi Onchain Fees Hit ATH, PancakeSwap & Pump.Fun In Spotlight appeared on BitcoinEthereumNews.com.
The Decentralized Finance (DeFi) sector has seen a surge in on-chain fees, with monthly revenue increasing by approximately 58% in recent months. Notably, DeFi fees hovered around $366 million in April but have since surged to an all-time high (ATH) of $577 million. PancakeSwap Powers Fee Surge with Cross-Chain Expansion On-chain data from DeFiLlama indicate that notable DeFi protocols, such as PancakeSwap (CAKE), played a pivotal role in this development. Remarkably, PancakeSwap generated $275 million in fees from its automated market-making services and yield farming mechanism. A major appeal of DeFi platforms to users has always been their peer-to-peer transactions. This offering guarantees a lower cost, as it eliminates customary intermediaries. It places it at an advantage over the traditional banking fees in the financial space. All the fees on PancakeSwap were generated from charging 0.25% on each trade. The decentralized exchange on the BNB Chain has been making expansionary moves in the crypto space. Recently, it announced the launch of its V3 Liquidity on the Solana blockchain. The move aims to provide traders and liquidity providers with capital-efficient liquidity and low-fee swaps. Image Source: PancakeSwap on X This development might further increase adoption from users and drive revenue to a higher level in the days to come. With the integration, PancakeSwap is gradually evolving into a borderless platform that provides a seamless DeFi experience across chains. It signals that PancakeSwap has matured over the years as a DeFi protocol and is now establishing its sustainability, which has led to trust from users. The Pump.Fun Memecoin Model Gains Traction Interestingly, the competitiveness in the DeFi sector has intensified as various protocols optimize their products for revenue generation. They have managed to enhance revenue while growing user adoption. Pump.Fun, the Solana-based memecoin, has remained resilient despite challenges and criticism from notable…
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