PancakeSwap TVL Hit $2.38 Billion Before Fee Vote Opened

PancakeSwap’s total value locked (TVL) was already near its Oct. 21 level two days before a community vote on fee changes began, showing that most of the week’s increase preceded the ballot. TVL stood at $2.38 billion in the Oct. 19 UTC snapshot. The Oct. 21 reading was $2.397 billion, up from $2.017 billion on Oct. 14. That is a $380 million increase, or 18.8%. An earlier analysis of PancakeSwap’s weekly TVL increase covered the broader movement. TVL estimates the dollar value of assets held in a protocol’s contracts.

Source: TokenPost