PancakeSwap TVL tops $380M as major fee overhaul heads to vote
Summary
PancakeSwap’s total value locked rose nearly 19% in a week to $2.4 billion, with V3 pool liquidity more than doubling to $739 million, according to DeFiLlama. The growth coincided with a governance vote on “The Flip,” a proposal to raise liquidity providers’ share of swap fees to 88% and cut daily CAKE emissions by about 69%. If approved, changes are expected to begin in November. PancakeSwap generated about $4.67 billion in BNB Chain trading volume over seven days, roughly 71% of the network’s total. BNB Chain’s TVL and DEX volume also increased, while its stablecoin capitalization dipped slightly. Separately, Binance said its tokenized-stock product, bStocks, exceeded $1 billion in assets under management.
