For the third consecutive month, @PancakeSwap has dominated the entire DEX landscape, processing over $209B of trading volume in July.
To put this into perspective, this is more than double Uniswap's monthly volume ($90B) and represents 51% of aggregate DEX trading volume in July ($412B).
PancakeSwap has now flipped Raydium for total yearly volume ($847B v. $812B), and is quickly closing in on Uniswap.
The protocol also generated over $34M of fees last week, its highest total since November 2021, and the third most of any protocol, trailing only Tether ($146M) and Circle ($47M).
h/t @tokenterminal
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