Today’s data from Satoshi Club indicated that PancakeSwap has flipped Jupiter, Tron, and UniSwap in revenue collection, falling in 3rd place in daily revenue ranking. Tether and Circle generated more revenue than PancakeSwap in the past 24 hours as CAKE holds steady at the third place in terms of daily revenue.
PancakeSwap takes the third position
In a post created on X today by Satoshi Club, PancakeSwap’s daily revenue surged to $4.56 million, putting it in 3rd place in terms of daily revenues.
Tether (USDT)
Tether had generated the highest revenues, ranking it the 1st on the crypto revenue leaderboard. Tether’s revenue was $18.35 million in the past 24 hours, $128.28 million in the past week, $546.76 million in the past month, and $5.69 billion in a year.
Circle (USDC)
Circle took the second position. It generated daily, weekly, monthly, and yearly revenues of $6.16 million, $42.98 million, $179 million, and $1.56 billion respectively.
PancakeSwap (CAKE)
As highlighted above, PancakeSwap fell in the third position. It generate a revenue of $4.56 million in the last 24 hours, $6.78 million in the past week, $26.88 million in the past month, and $205.61 million in the past year.
Jupiter (JUP)
Jupiter settled on the fourth place in terms of revenue collection. It recorded daily, weekly, monthly, and yearly revenues of $2.15 million, $3.37 million, 22.74 million, and $152.78 million respectively.
Tron (TRX)
Lastly, Tron made it number five with a revenue of $2.09 million generated in the past 24 hours. It also recorded weekly, monthly, and yearly revenues of $11.74 million, $52.84 million, and $605.24 million respectively.
Will revenue growth be sustainable?
In the volatile cryptocurrency industry, where most assets and DeFi projects are striving to solidify their presence, PancakeSwap is demonstrating to be a major contender. The figures above show that PancakeSwap is increasingly attracting attention from both beginner users and experienced investors to the market. However, whether that growth would be a sustainable movement or a temporarily thing only time can tell.
PancakeSwap is a DEX running on top of Binance blockchain, providing offerings like decentralized trading solutions including staking and others. Despite launch in 2020, it has experienced rapid growth, with continuing rising transaction volume and customers.
The figures stated above confirm the platform’s success. This indicates that CAKE has developed a robust foundation and continues to cement its status in the market, particularly as the DeFi landscape gains traction. DeFi is becoming a key trend in the virtual currency world. CAKE is one of the prominent projects offering DeFi services with rapid speed and low transaction costs, thanks to its integration with the Binance blockchain.
