Protocol Fees

PancakeSwap

2026-10-14 08:49:10

PancakeSwap proposal would raise LP fee share to 88% and cut CAKE emissions by about 69%

PancakeSwap team The Kitchen has posted a new governance proposal, titled "The Flip," that would reshape both fee distribution and token emissions across the protocol. Under the plan, liquidity providers on v3 and Infinity across all 11 supported chains would receive 88% of fees, while the protocol would keep 12% for the Treasury. v2 would stay unchanged because its fee structure is hardcoded. The proposal says LPs could receive about $62 million in additional fees based on 2025 trading volume. It also says a higher LP share could attract more liquidity and reduce price impact, while trader fee tiers would remain unchanged and total swap fees for existing Infinity pools would fall because protocol fees would be lowered. On the token side, post-veCAKE emissions would drop from 22,500 CAKE per day to 7,000, a reduction of about 69%, with the remaining 7,000 directed to the ecosystem growth fund Pantry. The Kitchen said CAKE supply is already down 11.5% from the level when Tokenomics 3.0 passed. If approved, implementation would begin in November 2026 and is expected to finish by the end of January 2027 through a chain-by-chain rollout, before a final Snapshot vote after community feedback.

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THORChain

2026-10-12 15:45:53

THORChain 7-day fee total rebounds but remains 84% below September peak

THORChain’s fee revenue has rebounded after a sharp drop earlier this month, though it is still well below the highs seen in September. According to Techub, citing The Defiant, fees on the cross-chain protocol fell 91% during the Oct. 2 to Oct. 8 period. The latest seven-day fee total has since recovered to a level above the week that preceded that decline. Even so, the figure remains 84% lower than the peak recorded during September’s fee surge. The update points to an improvement from the recent low, but not a return to the levels THORChain reached at its previous high. No additional figures were disclosed in the report.

320

Ethena

2026-10-12 01:33:39

Ethena has generated $1.061 billion in cumulative protocol fees since launching USDe

Ethena, the issuer of the synthetic dollar USDe, has recorded $1.061 billion in cumulative protocol fees since going live in late 2023, according to a Oct. 12 report from MSB Intel citing DefiLlama data. The figure covers roughly 34 months. USDe is backed by collateral and perpetual futures positions, a structure that differs from reserve-backed stablecoins such as USDC and USDT. The report said fees are derived from issuance, redemption, and holding activity, and are distributed between stakers and governance token holders. As of mid-October 2026, USDe’s market capitalization was about $4.8 billion, Ethena’s protocol TVL was around $5.2 billion, and the market capitalization of governance token ENA was about $3 billion. The report also noted that the fee figure reflects accrued revenue rather than retained earnings after operating costs. Part of those fees is consumed by maintaining perpetual positions, managing collateral, and protocol governance. Cross-checking DefiLlama’s public pages shows Ethena cumulative fees at $1.061 billion, TVL at about $5.189 billion, ENA market capitalization at about $3.206 billion, and TVL on the Ethena USDe page at roughly $4.758 billion.

340

Orca

2026-10-08 02:25:33

Orca proposal would overhaul fee split, move treasury assets, and shift to token-holder governance

The Orca community published a token-holder proposal on Sept. 29 that would significantly change how protocol fees are allocated and how the project is governed. Under the plan, 10% of protocol fees would flow to the xORCA pool, 10% would go to a team buyback account, and 80% would be directed to team operations. The proposal also calls for moving about 14.2 million ORCA from the community treasury and roughly 70,000 SOL from the fee treasury into accounts controlled by the team. Beyond treasury changes, the proposal would dissolve the council and replace it with a governance model run purely by token holders. It also outlines Orca’s earlier and later fee splits, noting that the original allocation was 20% to xORCA, 30% to the fee treasury, and 50% to the team, before later changing to 40% / 10% / 50%. The team said it has negotiated the acquisition of a leading Solana DeFi protocol and expects the deal to add about 50% in total value locked, or TVL. Voting requires 3 million yes votes and runs for five days. The council would retain the ability to veto the measure with four votes. Risks listed in the proposal include more concentrated control and lower returns for xORCA holders, while the team said it would disclose buyback activity and strategic account deployments every six months.

330

Paid

2026-09-30 07:55:06

Paid launches new claim system and raises PAID buyback allocation to 25%

Paid, a project in the Solana ecosystem, said it has launched a new claim system and changed how fees are split. Under the previous structure, recipients received 80% while 20% was used to buy back PAID. The updated model lowers the recipient share to 65%, increases the portion used for PAID buybacks to 25%, and assigns the remaining 10% to the protocol. The announcement only disclosed the new system launch and the revised fee allocation.

500

Uniswap Labs

2026-09-20 00:21:07

Uniswap Labs proposes extending protocol fees to Circle Arc blockchain

Uniswap Labs has published a temperature check proposal to extend protocol fee collection and UNI burn infrastructure to Circle’s Arc blockchain. The proposal covers Uniswap v2, v3, and v4 deployments already live on Arc. If approved through governance, protocol fees generated on Arc would be routed into the UNI burn system that is already operating on other networks. The proposal opened on Sept. 18 and will run through Sept. 23. If the temperature check passes, the next step will be an onchain vote. According to the proposal, governance instructions for protocol fees would be transmitted cross-chain from Ethereum to Arc through Wormhole infrastructure. The item was reported by Bitcoinist and cited by Techub News.

550

Pons

2026-09-03 15:21:00

Pons tops token launchpads by protocol fees with $6.09 million in 24 hours

Pons, a token issuance platform on the Robinhood chain, posted $6.09 million in protocol fees over the past 24 hours, according to DefiLlama, setting a new high for the platform and pushing it ahead of Pump.fun among token launch platforms. Across all protocols tracked, Pons ranked fourth by 24-hour fees, behind only Tether, Uniswap, and Circle, while its protocol revenue placed eighth network-wide. DefiLlama data also showed that Pons launched nearly 25,000 new tokens on Sept. 2, up nearly 19% from Tuesday, with 24-hour trading volume reaching $544 million. Since July, the platform has been used to issue about 646,000 tokens from more than 167,000 distinct creator addresses.

1340

UNI

2026-08-30 12:49:16

UNI Breaks Above $5.24 as Robinhood Chain Volume Fuels 18.9% Surge

Surging real trading volume on Robinhood Chain is driving UNI's latest rally. The token broke above $5.24 on HTX on August 30, with its 24-hour gain widening to 18.9%, according to BlockBeats, which cited HTX market data. The volume boom has made Uniswap the main DEX for tokenized-stock RWAs on Robinhood, where single-day tokenized-stock trading reached roughly $130 million — nearly ten times the level seen a month earlier. Since the v4 fee switch went live on Robinhood on July 27, the chain has become Uniswap's largest fee contributor. Robinhood's protocol fees over the past 24 hours now stand at about $11.29 million. Uniswap and the issuance platform Pons each contribute roughly $4.3 million, with Uniswap ranking first among all protocols. Under the v4 fee switch rules, that fee flow generates a continuous daily burn worth $200,000–$300,000 for UNI. At current prices, the burn works out to roughly 57,000 UNI destroyed every day.

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