TL;DR
- PancakeSwap’s TVL increased nearly 19% in one week, reaching $2.4 billion after adding approximately $380 million.
- The community has begun voting on a proposal that would increase liquidity providers’ share of trading fees to 88% and reduce CAKE emissions by 69%.
- CAKE is trading at around $2.25, up 2.5% over the past 24 hours, with trading volume approaching $32 million.
The total value locked (TVL) on PancakeSwap increased nearly 19% over the past week, reaching $2.4 billion. The decentralized exchange’s community has begun voting on an overhaul of its fee structure.
According to DefiLlama, the protocol held approximately $2.02 billion on October 14, meaning it added around $380 million in seven days.
Most of the growth came from V3 pools, where TVL climbed from $336 million to $739 million, more than doubling over the period.
PancakeSwap Proposes Higher Rewards for Liquidity Providers
The proposal, called The Flip, would increase the share of swap fees allocated to liquidity providers to 88% across V3 and Infinity pools. Currently, most pools allocate between 66% and 68%.
It would also reduce daily CAKE emissions from 22,500 to 7,000 tokens, a decrease of approximately 69%.
Voting opened on October 21 and will remain open until October 24. If the community approves the proposal, implementation is expected to begin in November.
PancakeSwap also maintains its dominance on BNB Chain, where it processed $4.67 billion in trading volume over the past seven days, accounting for approximately 71% of the network’s DEX volume.
CAKE Rises 2.5% as Activity Increases
According to the provided CoinMarketCap data, CAKE is trading at around $2.25, up 2.5% over the past 24 hours, with trading volume approaching $32 million.
Meanwhile, BNB Chain’s TVL increased 8.3% over the week to $5.84 billion, while its DEX trading volume rose 40.2% to $6.54 billion.
PancakeSwap also participates in the tokenized stock market through bStocks, Binance’s platform whose assets under management have surpassed $1 billion.
Binance reported that bStocks has generated more than $40 billion in cumulative trading volume since its launch and that, in early October, 11.2% of the value of these assets was deposited in DeFi protocols.
