PancakeSwap TVL tops $380M as major fee overhaul heads to vote

Decentralized exchange PancakeSwap’s total value locked (TVL) grew nearly 19% over the past week, adding about $380 million as the protocol moves toward a major overhaul of how it distributes trading fees to liquidity providers. According to DefiLlama, PancakeSwap’s TVL climbed to $2.4 billion on Wednesday, up from about $2.02 billion on Oct. 14. The increase was concentrated in its V3 liquidity pools, where TVL more than doubled to about $739 million from $336 million over the same period.The growth coincided with PancakeSwap opening a governance vote on a proposal called “The Flip,” which would increase liquidity providers’ share of swap fees on V3 and Infinity pools to 88%, up from 66%-68% on most pools.The proposal would also gradually reduce daily CAKE token emissions by approximately 69%, from 22,500 to 7,000 tokens. Voting opened on Wednesday, Oct. 21, and will run until Oct. 24, with implementation expected to begin in November if approved. PancakeSwap leads BNB Chain trading as tokenized stocks expandPancakeSwap accounted for approximately $4.67 billion in decentralized exchange trading volume on BNB Chain over the past seven days, representing about 71% of the network’s t...