On March 23rd, COINOTAG reported that current analytics from DefiLlama indicate a significant uptick in decentralized finance (DeFi) activity, with PancakeSwap generating an impressive revenue of $3.45 million in just 24 hours. This remarkable figure positions PancakeSwap as the third highest in the DeFi revenue rankings. Leading the leaderboard are Tether and Circle, boasting revenues of $18.37 million and $6.25 million respectively. In stark contrast, Uniswap saw a modest revenue of only $122,928 during the same time frame, while the revenue from Ethereum’s mainnet stood at $381,599. These statistics not only highlight the shifting dynamics within the DeFi landscape but also reaffirm PancakeSwap’s competitive standing amidst the major players in the crypto market.
Source: https://en.coinotag.com/breakingnews/pancakeswap-surges-to-3-45-million-in-24-hour-revenue-ranking-third-among-crypto-leaders/