PancakeSwap surpasses Tether with $24.6M in revenue, fueled by $10B trading surge

According to DeFiLlama, PancakeSwap generated $24.6 million in trading fees on July 17, overtaking Tether's $19.9 million and becoming the highest-earning crypto platform in the past 24 hours. This marks PancakeSwap's second-largest single-day revenue, behind the $31.2 million record on May 19, 2021. The DEX saw over $10 billion in daily trading volume — a 4-year high — accounting for nearly half of all DEX activity.