<ul><li>PancakeSwap, the decentralized exchange, has surged to become the third-highest protocol fee earner, surpassing Ethena.</li><li>PancakeSwap generated $4.4 million in fees over the past 24 hours, highlighting its rising dominance in DeFi.</li><li>The platform's increasing liquidity and transaction volumes have contributed to its popularity among DeFi users.</li><li>PancakeSwap's success may attract more investments and drive advancements in decentralized exchanges.</li></ul>

PancakeSwap Surges to Third Place in Protocol Fees, Outpacing Ethena

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