📊🤔 The cryptocurrency market has just experienced the largest downturn in many months. On-chain revenue dropped to 200 million USD in November, with BSC being the hardest hit after the growth in October.

Revenue from applications also shows a similar situation. PancakeSwap, once one of the largest revenue sources in the entire industry, now only achieves a small fraction of its revenue from October.

Such revenue downturns often occur before market recovery phases, with declines of over 70% in 2021 leading to price increases of 2-3 times within six months in major chains like Ethereum and Solana.

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