PancakeSwap Beats Tether, Collects $24.6M in Fees Despite Market Correction

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When Pancakes Flip the Script: A Tale of Fees and Follies! 🥞💸

Ah, dear reader, gather ’round as we delve into the curious case of PancakeSwap, that whimsical decentralized exchange that has suddenly found itself in a flurry of trading activity, like a chicken in a henhouse! 🐔

According to the wise sages at DefiLlama, our beloved PancakeSwap has managed to rake in a staggering $24.6 million in fees over the past 24 hours. Yes, you heard it right! It has gallantly overtaken the mighty Tether and the ever-so-stalwart USDC, which could only muster $19.9 million and $6.4 million, respectively. What a spectacle! 🎉

This remarkable feat marks PancakeSwap’s second-largest daily fee, trailing only behind the grand sum of $31.2 million it collected on that fateful day of May 19, 2021. Oh, the memories! 🌪️

In the grand tapestry of finance, it appears that this BSC-based DEX has conjured a revenue of $2.1 million in just one day and a whopping $51.6 million over the last 30 days. Truly, a feast for the eyes! 🍽️

As of now, PancakeSwap boasts a Total Value Locked (TVL) of $1.75 billion, according to the ever-reliable DefiLama data. One can only imagine the pancakes stacked high in the treasury! 🥞💰

The Rush for AB

Now, let us turn our gaze to the recent bullish sentiment surrounding the AB (AB) token, which has acted as a veritable rocket fuel for the rising trading volume on PancakeSwap. The Newton project, in a fit of rebranding frenzy, transformed into AB back in February and has since soared by a remarkable 116% over the past month. Talk about a glow-up! ✨

According to the oracle known as CoinMarketCap, a staggering $3 billion of the $5 billion AB trading volume has been happening on PancakeSwap v3. The DEX now leads the charge with a 24-hour volume exceeding $9 billion, leaving PumpSwap and Uniswap v3 in its dust with their paltry $2.2 billion and $1.7 billion in trading volume. What a race! 🏁

Moreover, PancakeSwap has announced the arrival of one-click cross-chain swaps between BSC, Arbitrum, and Base on June 11. A true marvel of modern technology!

⚡️Introducing Crosschain Swaps, powered by @AcrossProtocol

Swap tokens across @BNBCHAIN, @arbitrum & @base in one click. No bridges, no app switching.

Start swapping → Full announcement →

— PancakeSwap (@PancakeSwap) June 11, 2025

This delightful feature allows users to swap tokens across different networks with the grace of a ballet dancer, thanks to the Across protocol’s cross-chain bridging capabilities. Bravo! 👏

However, dear reader, let us not be too hasty in our celebrations. Since this surge in trading volume is largely attributed to the AB token trend, it seems unlikely that PancakeSwap will maintain its lead over Tether and Circle for long. The winds of fortune are ever-changing! 🌬️

As for its native token, PancakeSwap CAKE, it currently sits at a modest $2.18, having dipped by 1.75% to $2.22. A slight tumble, but fear not! The market is a fickle friend. 📉

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2025-06-18 16:28