Decentralized Finance (DeFi) shows signs of recovery after a slowdown, reflected in an increase in fees to $577 million.
DeFi Activity Is Growing Again
According to reports, the monthly fees collected by DeFi protocols have increased by 58% after a low of $366 million in April. This suggests more people are opting for decentralized financial services.
PancakeSwap and Uniswap: Leading Platforms
PancakeSwap, one of the top earners in DeFi, has earned $275 million in fees. Despite high competition, the platform's user base continues to grow. Uniswap also shows strong results, charging a 0.3% fee on trades.
Efficiency of Decentralized Models
The increase in fees is driven by user transitions from traditional banks to decentralized models. In DeFi, interactions occur directly between users, which lowers costs and enhances transparency.
Decentralized finance is gaining popularity due to its efficiency and transparency, evidenced by the increase in fees and growing user numbers.
