PancakeSwap TVL Jumps $380M Ahead of Major Fee Overhaul Vote
Photo: The Coin Republic
Key Insights PancakeSwap TVL surged 18.8% to $2.4 billion, adding approximately $380 million in one week. The proposed fee overhaul would raise liquidity providers’ share to 88% and gradually cut CAKE emissions by 69%. PancakeSwap dominated BNB Chain trading, capturing 71% of weekly decentralized exchange volume. PancakeSwap’s total value locked (TVL) rose roughly $380 million on Oct. 21, 2026. The 18.8% advance coincided with a governance vote proposing higher fees for liquidity providers. DefiLlama data placed the decentralized exchange’s TVL near $2.397 billion, versus $2.017 billion on Oct. 14. PancakeSwap’s vote, called “The Flip,” opened Wednesday and closes Oct. 24.
Source: The Coin Republic
