This marks the DEX platform’s second-largest single-day fee haul, just behind the $31.2 million it posted on May 19, 2021.
Market observers noted that the spike in earnings is directly tied to an impressive jump in trading volume.
The July 17 spike also ranks as PancakeSwap’s second-highest daily trading volume ever, trailing only the near-$13 billion posted on May 19, 2021.
The volume surge appears to be a key driver of its revenue boost, reinforcing the platform’s role as a dominant force in the DeFi ecosystem.
