Once again, in June and July this year, the interest and trading on decentralized exchanges seems to be rocking with PancakeSwap leading the charge in terms of spot trading.
According to the data from DefiLlama, the 30-day DEX volume was $188.186 billion, yet PancakeSwap volume in the past 24 hours is $7.389 billion, and in a week, the volume is $44.721 billion.
It is worth noting that the volume of PancakeSwap is around 43- 44% of the total volume of the decentralized exchanges. Uniswap has a volume of $96.438 billion, Raydium has a dex volume of $27.603 billion, and Curve DEX has $7.37 billion.
Yet in terms of TVL, Uniswap stands at the top with $5.479 billion, followed by Curve DEX with $2.153 billion in TVL, PancakeSwap has a TVL of $2.01 billion, and Raydium AMM has $1.958 billion TVL.
PancakeSwap is at the top in monthly revenue & fees collection
PancakeSwap has generated $123.62 million in revenue in the past 30 days, and its annualized revenue stands at $1.05 billion, yet in July, the fees collected by the DEX were $447.46 million.
On the other hand, Meteora stands in the 2nd spot in terms of fees collection, reaching $126.69 million, and in the same frame, its revenue has reached $3.97 million. Uniswap has collected $97.81 million in fees in the same frame, and Hyperliquid Spot Orderbook stands quite close at $91.31 million.
In the past seven days, PancakeSwap has collected $105.36 million in fees, with Uniswap gathering $30.41 million, Hyperliquid Spot Orderbook $20.62 million, and Meteora fees have reached $17.92 million.
On Ethereum, Uniswap remains the topper, followed by Fluid DEX and Curve DEX, yet on BNB chain, the topper is PancakeSwap with Uniswap in 2nd rank and DODO AMM at third, on Tron chain, SUN stands at the top with JustMoney at 2nd and Uswap at third.
As per the YTD chart of PancakeSwap, the TVL shows notable volatility, with TVL starting below $2 billion in January before dipping below $1.5 billion around March this year.
Following the decline, a gradual recovery began in April, showing consistent upward trends through June and July, and by the end of July, its TVL rebounded close to the $2 billion mark again.
As of writing, the market capitalization of PancakeSwap is $907.13 million, the fully diluted valuation is $958.87 million, the $CAKE volume in the last 24 hours is $156.71 million, and staked stands at $98.28 million.
