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...