@laurentius
Major DeFi Protocol Revenues Drop Sharply in March, Data Shows
Revenue across major decentralized finance (DeFi) protocols saw a sharp decline in March, reflecting a broader slowdown in on-chain activity and trading volumes across multiple blockchains.
According to industry data, Solana-based DeFi platforms such as Pump.fun, Jito, and Raydium collectively brought in around $42 million in March, down 55% from February and a steep 75% from their record highs in January.
On BNB Chain, leading protocol PancakeSwap generated just $21 million in revenue, marking a 54% drop compared to the previous month.
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