DeFi Onchain Fees Hit ATH, PancakeSwap & Pump.Fun In Spotlight

The Decentralized Finance (DeFi) sector has seen a surge in on-chain fees, with monthly revenue increasing by approximately 58% in recent months. Notably, DeFi fees hovered around $366 million in April but have since surged to an all-time high (ATH) of $577 million. PancakeSwap Powers Fee Surge with Cross-Chain Expansion On-chain data from DeFiLlama indicate that notable DeFi protocols, such as PancakeSwap (CAKE), played a pivotal role in this development. Remarkably, PancakeSwap generated $275 million in fees from its automated market-making services and yield farming mechanism. A major appeal of DeFi platforms to users has always been their peer-to-peer transactions....