What an incredible month it has been for PancakeSwap v3! We're thrilled to share the robust growth we've experienced across key performance metrics in May.
Our trading volume and TVL have witnessed a surge, reaching an impressive $3.39B and $340M, respectively.
Notably, #PancakeSwapv3 has successfully climbed the ranks to become one of the top 10 DEXs on Ethereum. And the total trading volume on the Trading Reward Program is over $22M now! Let's dive into the detailed highlights below:
PancakeSwap v3's performance in May has been extraordinary! Our total v3 trading volume soared to a staggering $3,386,960,000, a significant leap from last month's $3,299,960,000. This marks a month-on-month growth of 📷2.64%. See the breakdown between BNB Chain and Ethereum:
The total v3 TVL in May was also remarkable, reaching $340,120,000. This represents a remarkable month-on-month growth of 📷42.13% compared to April's $239,300,000. See the breakdown between BNB Chain and Ethereum below:
PancakeSwapv3 on Ethereum has now secured its place among the top 10 DEXs in terms of volume and TVL! In May alone, our volume grew 📷12.15%, while the total value locked experienced an astounding surge of 📷64.33%! Data courtesy of r/DeFiLlama
Moreover, we have implemented a farm emissions reduction following a voting proposal. As part of supporting the transition to v3, emissions for v2 Farm have been reduced from 2.18 to 0.2 over a span of 45 days. Learn more about the proposal here: https://pancakeswap.finance/voting/proposal/0x16b9650d6a