PancakeSwap TVL rises 19% to $2.4 billion amid fee distribution overhaul vote

PancakeSwap's total value locked reached $2.4 billion on Oct. 22, up from $2.02 billion on Oct. 14, driven by a 19% weekly increase. Liquidity in V3 pools more than doubled to $739 million. The growth coincides with a governance vote on "The Flip" proposal, which aims to increase liquidity providers' fee share to 88% and reduce daily CAKE emissions by approximately 69%.