Binance-Backed PancakeSwap Drives DeFi Onchain Fees to Record Highs

Decentralized Finance (DeFi) protocols have achieved a historic milestone, with monthly on-chain fees skyrocketing by 58% to an unprecedented $577 million. Leading the charge is PancakeSwap, a Binance Smart Chain-based decentralized exchange (DEX), which has contributed a staggering $275 million in revenue. This surge is attributed to PancakeSwap's innovative cross-chain expansion and robust yield farming mechanisms. Notably, the platform recently introduced its V3 liquidity on Solana, enhancing capital-efficient trading with minimal fees. This strategic expansion not only solidifies PancakeSwap's position in the DeFi ecosystem but also highlights the growing dominance of Binance-affiliated projects in the cryptocurrency space. The record-breaking fee generation underscores the increasing adoption and utility of DeFi platforms, with PancakeSwap at the forefront of this revolution.

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

Decentralized Finance (DeFi) protocols have shattered records, with monthly on-chain fees surging 58% to an all-time high of $577 million. PancakeSwap emerges as a key driver, generating $275 million in revenue from its cross-chain expansion and yield farming mechanisms.

The BNB Chain-based DEX recently launched V3 liquidity on Solana, offering capital-efficient trading with low fees. This strategic MOVE positions PancakeSwap to capture greater market share as users flock to peer-to-peer platforms that undercut traditional banking costs.

Binance Coin Price Prediction: Double Bottom Reversal Targets $667 Next

Binance Coin (BNB) shows signs of a bullish reversal as traders eye a potential climb to $667. The cryptocurrency has formed a double bottom pattern, a classic technical indicator suggesting trend reversal, with its neckline at $654. A sustained break above this level could confirm the upward trajectory.

Market sentiment hinges on BNB's ability to hold above $652 support. Recent price action indicates strong buyer interest NEAR this zone, with breakout targets set at $656.34. Stop-loss orders cluster below $653.12, creating a tight risk-reward scenario for short-term traders.

The pattern's validity will be tested in coming sessions. A successful retest of the neckline could accelerate momentum toward the $667 resistance level. Trading volume and market participation will determine whether this technical setup translates into sustained price appreciation.