When Iran’s internet went dark earlier this week and local crypto exchange Nobitex was reportedly hacked, few expected the ripple to show up in global DeFi charts.
However, within 48 hours, four decentralized exchanges quietly climbed into the top 10 by protocol fees, each generating over $2 million in user-paid swap revenue.
This wasn’t a result of memecoin mania or marketing campaigns. It came as centralized rails collapsed, marking another moment where private, permissionless finance took center stage under geopolitical pressure.
Four DEXs See $2 Million+ in 24-Hour Fees as Users Exit Centralized Platforms
As per DeFiLlama data from June 18–19, PancakeSwap, Meteora, Uniswap, and Pump each posted more than $2 million in 24-hour user fees.
PancakeSwap alone reported $13.6 million, ranking second only to Tether’s US Treasury-driven yield.
Top Fee Categories: Source – DefiLlama
The spike wasn’t driven by rewards or incentives. Fees were made up entirely of org
We współpracy z: https://www.thecoinrepublic.com/2025/06/20/iran-blackouts-trigger-private-dex-surge-as-binance-btc-drains/
