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.
