PancakeSwap, Pump.fun help push DeFi fees to 2025 highs as onchain activity regains momentum
DeFi
• July 4, 2025, 2:01PM EDT
Quick Take
Major protocols like PancakeSwap have emerged as fee-generating leaders, accumulating $275 million in fees through their automated market-making services and yield farming mechanisms.
The following is excerpted from The Block’s Data and Insights newsletter.
Monthly DeFi fees have demonstrated resilience, climbing to approximately $577 million in recent months, representing a notable recovery from the April low of $366 million.This 58% increase signals r...
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