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.
https://preview.redd.it/35defsbmul3b1.jpg?width=679&format=pjpg&auto=webp&v=enabled&s=768316e029fa7887479392f6aa02e42e945bf49f
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:
https://preview.redd.it/y4rmlgr5vl3b1.jpg?width=2002&format=pjpg&auto=webp&v=enabled&s=e8c0cdf0ed9b2c9fdf7eadeda1ade13de9b0ebab
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:
https://preview.redd.it/nytofnu8vl3b1.jpg?width=679&format=pjpg&auto=webp&v=enabled&s=72036a05819b81850a042e74af9c44a51b8a38a8
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:
https://preview.redd.it/96c0lzp9vl3b1.jpg?width=679&format=pjpg&auto=webp&v=enabled&s=8f3f1da6af1f26e2453c5cb26491ffe345e30fa7
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
. https://defillama.com/dexs/chains/ethereum
https://preview.redd.it/h6wvmqndvl3b1.jpg?width=680&format=pjpg&auto=webp&v=enabled&s=3d7a96f1d5613356efb40f032b37d6eead1f5af4
https://preview.redd.it/cbjxoundvl3b1.jpg?width=680&format=pjpg&auto=webp&v=enabled&s=6a1b3125c7a4a5de98521a4ad3c8ef027ce2beec
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
https://preview.redd.it/opvxsa6mvl3b1.jpg?width=680&format=pjpg&auto=webp&v=enabled&s=2a349ff9e90ce0af47742e19113f13ab3ab202fb
