PancakeSwap Surpasses Tether with Daily Revenue of $246 Million, Thanks to Surge in $10 Billion Transactions

According to DeFiLlama data, PancakeSwap generated $24.6 million in trading fee revenue on July 17, surpassing Tether's $19.9 million, becoming the highest-earning crypto platform in the last 24 hours. This is the second highest single-day revenue in the history of the DEX, only after the $31.2 million on May 19, 2021. On that day, trading volume exceeded $10 billion, the highest in four years, accounting for nearly half of the DEX market trading volume.