Ask about PancakeSwap
Logo of PancakeSwap

PancakeSwap(CAKE)

Total Value Locked$2.404b

TVL by Chain

BSC$2.332b

Ethereum$28.29m

Base$22.99m

Arbitrum$8.25m

Solana$6.33m

Robinhood Chain$2.95m

Monad$1.31m

Aptos$1.03m

ZKsync Era$636,579

Linea$195,878

opBNB$129,396

Polygon zkEVM$0

Key Metrics

Fees 30d$13.72m
Fees 30d by chain

BSC$13.04m

Base$431,981

Solana$79,157

Ethereum$64,501

Arbitrum$63,372

Monad$24,669

Robinhood Chain$7,648

Aptos$3,578

opBNB$481.55

ZKsync Era$434.89

Linea$246.62

Fees 7d$2.42m

BSC$2.28m

Base$89,393

Solana$19,792

Ethereum$14,479

Arbitrum$14,064

Monad$3,597

Robinhood Chain$2,545

Aptos$714

ZKsync Era$99.41

Linea$46.93

opBNB$43.64

Fees 24h$358,081

BSC$335,284

Base$13,472

Solana$3,394

Ethereum$2,791

Arbitrum$2,192

Monad$628

Robinhood Chain$179

Aptos$127

ZKsync Era$6.26

opBNB$4.94

Linea$3.27

Cumulative Fees$1.462b

BSC$1.405b

Base$25.28m

Ethereum$13.58m

Arbitrum$7m

Solana$3.25m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,896

opBNB$350,910

Robinhood Chain$122,965

Polygon zkEVM$31,888

Revenue 30d$4.55m
Revenue 30d by chain

BSC$4.34m

Base$143,001

Arbitrum$21,068

Ethereum$20,844

Solana$13,277

Monad$8,223

Robinhood Chain$2,484

Aptos$1,145

opBNB$153.85

ZKsync Era$141.78

Linea$80.39

Revenue 7d$815,695

BSC$771,071

Base$29,636

Ethereum$4,695

Arbitrum$4,688

Solana$3,297

Monad$1,197

Robinhood Chain$820.70

Aptos$228

ZKsync Era$32.60

Linea$15.33

opBNB$13.98

Revenue 24h$120,957

BSC$113,852

Base$4,481

Ethereum$901

Arbitrum$732.25

Solana$679

Monad$209

Robinhood Chain$58

Aptos$41

ZKsync Era$2.06

opBNB$1.58

Linea$1.08

Cumulative Revenue$481.66m

BSC$463.5m

Base$8.29m

Ethereum$4.51m

Arbitrum$2.31m

Aptos$1.02m

ZKsync Era$617,313

Solana$569,190

Monad$363,781

Linea$312,823

opBNB$112,380

Robinhood Chain$39,508

Polygon zkEVM$10,351

Holders Revenue 30d$3m
Holders Revenue 30d by chain

BSC$2.9m

Base$68,754

Ethereum$13,492

Arbitrum$11,097

Solana$6,708

Monad$4,367

Robinhood Chain$1,491

Aptos$822.09

opBNB$110.14

ZKsync Era$90.67

Linea$50.50

Holders Revenue 7d$531,150

BSC$508,906

Base$13,806

Ethereum$2,936

Arbitrum$2,471

Solana$1,654

Monad$643

Robinhood Chain$529.69

Aptos$165

ZKsync Era$20.58

opBNB$9.98

Linea$9.55

Holders Revenue 24h$77,991

BSC$74,438

Base$2,060

Ethereum$597

Arbitrum$372.21

Solana$345

Monad$113

Robinhood Chain$34

Aptos$29

ZKsync Era$1.19

opBNB$1.13

Linea$0.56

Cumulative Holders Revenue$311.52m

BSC$301.44m

Base$4.53m

Ethereum$2.43m

Arbitrum$1.19m

Aptos$736,414

ZKsync Era$397,702

Solana$289,834

Monad$203,078

Linea$184,284

opBNB$80,367

Robinhood Chain$27,421

Polygon zkEVM$5,640

Incentives 1y$13.96m

Incentives 30d$1.5m

Incentives 7d$330,244

Incentives 24h$0

Cumulative Incentives$110.73m

Earnings (Annualized)$51.87m

Earnings 30d$3.05m

Earnings 7d$485,451

Earnings 24h$120,957

Cumulative Earnings$370.93m

DEX Volume 30d$23.665b
DEX Volume 30d by chain

BSC$19.864b

Base$2.952b

Solana$420.88m

Arbitrum$199.05m

Ethereum$155.54m

Monad$35.58m

Robinhood Chain$34.69m

Aptos$1.42m

ZKsync Era$641,512

Linea$558,592

opBNB$193,396

DEX Volume 7d$5.483b

BSC$4.673b

Base$610.66m

Solana$108.07m

Ethereum$41.84m

Arbitrum$35.64m

Robinhood Chain$7.66m

Monad$5.01m

Aptos$285,700

ZKsync Era$161,978

Linea$103,884

opBNB$17,878

DEX Volume 24h$919.18m

BSC$791.06m

Base$95.31m

Solana$20.3m

Arbitrum$5.98m

Ethereum$4.69m

Robinhood Chain$901,234

Monad$855,019

Aptos$50,992

Linea$16,978

ZKsync Era$12,408

opBNB$2,028

Cumulative DEX Volume$2.127t

BSC$1.919t

Base$119.641b

Arbitrum$38.953b

Ethereum$25.29b

Solana$15.507b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.422b

opBNB$387.12m

Polygon zkEVM$161.48m

Robinhood Chain$81.79m

Aptos$24.71m

DEX Notional Volume 30d$8.17m
DEX Notional Volume 30d by chain

BSC$8.17m

DEX Notional Volume 7d$2.02m

BSC$2.02m

DEX Notional Volume 24h$285,280

BSC$285,280

Cumulative DEX Notional Volume$722.04m

BSC$722.04m

DEX Aggregator Volume 30d$1.211b

DEX Aggregator Volume 7d$539.97m

DEX Aggregator Volume 24h$129.47m

Cumulative DEX Aggregator Volume$2.384b

Perp Volume 30d$0
Perp Volume 30d by chain

Arbitrum$0

Base$0

BSC$0

Perp Volume 7d$0

Arbitrum$0

Base$0

BSC$0

Perp Volume 24h$0

Arbitrum$0

Base$0

BSC$0

Cumulative Perp Volume$60.006b

BSC$54.88b

Arbitrum$4.709b

Base$417.87m

Options Premium Volume 30d$0

Options Premium Volume 7d$0

Options Premium Volume 24h$0

Cumulative Options Premium Volume$1.25m

Options Notional Volume 30d$0

Options Notional Volume 7d$0

Options Notional Volume 24h$0

Cumulative Options Notional Volume$390.48m

Market Cap$712.95m

$CAKE Price$2.24

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$738.93m

$CAKE Volume 24h$56.65m

CEX Volume$8.79m

DEX Volume$45.94m(81.1% of total)

Staked$58.3m(8.18% of mcap)

Total RaisedUndisclosed

Jun 7, 2022Round: StrategicInvestors: Binance Labs

Loading chart...

Protocol Information

Trade. Earn. Win. NFT.

WebsiteGitHubX/TwitterSafe Harbor Agreement
Categories:DexsOptionsDerivativesPrediction MarketLuck GamesDEX Aggregator
Products:

Yields

Pools Tracked111

Average Supply APY6.02%

User Activity

Active Addresses (24h)390,879

Transactions (24h)4.14m

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

PancakeSwap AMM - All fees comes from the user.View code on GitHubPancakeSwap StableSwap - Total swap fees charged to traders, using each pool's on-chain fee rate.View code on GitHubPancakeSwap AMM V1 - Swap fees paid by usersView code on GitHubPancakeSwap AMM V3 - Total trading fees - sum of LP fees and protocol fees. LP fees vary by pool type (0.25% for most pools, with some special pools having different rates). Protocol fees are 0.05% for most pools.View code on GitHubPancakeSwap Infinity - Total swap fees paid by users.View code on GitHubPancakeSwap Prediction - 3% of each round's total pot, counting both the winning and the losing stakes, taken when the round settles. When a round ends with nobody to pay out - the price finishes exactly where it started, or every bet was on the losing side — the whole pot goes to the treasury instead.View code on GitHubPancakeSwap Lottery - 20% of the lottery amount goes to CAKE buy-back and burnView code on GitHub

Revenue:

PancakeSwap AMM - All revenue generated comes from user fees.View code on GitHubPancakeSwap StableSwap - Half of the swap fees (the pool admin fee); the other half stays with liquidity providers.View code on GitHubPancakeSwap AMM V1 - Percentage of swap fees going to treasury and/or token holdersView code on GitHubPancakeSwap AMM V3 - Pancakeswap collects amount of swap fees for Treasury and buy back CAKE.View code on GitHubPancakeSwap Infinity - Share of swap fees to protocol and holders.View code on GitHubPancakeSwap Prediction - All of the fee is kept. Winners are paid out of the losing stakes, so there are no liquidity providers or market makers taking a share.View code on GitHubPancakeSwap Lottery - 20% of the lottery amount goes to CAKE buy-back and burnView code on GitHub

Holders Revenue:

PancakeSwap AMM - 0.0575% of each swap is used to buy back and burn CAKE since 16 June 2022, 0.05% before.View code on GitHubPancakeSwap StableSwap - 40% of swap fees (80% of the admin fee) funds CAKE buyback and burn.View code on GitHubPancakeSwap AMM V1 - Money going to governance token holdersView code on GitHubPancakeSwap AMM V3 - Swap fees collected to buyback and burn CAKE: 15% fees in 0.01%, 0.05% tier pools, 23% fees in 0.25%, 1% tier poolsView code on GitHubPancakeSwap Infinity - 50% of revenue are used to buy back and burn CAKEView code on GitHubPancakeSwap Prediction - All the revenue goes to CAKE buyback and burnView code on GitHubPancakeSwap Lottery - 20% of the lottery amount goes to CAKE buy-back and burnView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Notional Volume: Notional volume of all trades on protocol

DEX Aggregator Volume: Volume of all spot token swaps routed through the DEX aggregator

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Options Premium Volume: Sum of value paid buying and selling options on the exchange

Options Notional Volume: Sum of the notional value of all options that have been traded on the exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

PancakeSwap history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Apr 22, 2021 to Oct 21, 2026.

All-time high TVL: $7.795b on May 3, 2021. All-time low TVL: $598 on Apr 22, 2021.

Daily TVL, Sep 22, 2026 to Oct 21, 2026

DateTVL
Sep 22, 2026$2.359b
Sep 23, 2026$2.362b
Sep 24, 2026$2.356b
Sep 25, 2026$2.358b
Sep 26, 2026$2.326b
Sep 27, 2026$2.318b
Sep 28, 2026$2.326b
Sep 29, 2026$2.291b
Sep 30, 2026$2.289b
Oct 1, 2026$2.304b
Oct 2, 2026$2.325b
Oct 3, 2026$2.315b
Oct 4, 2026$2.34b
Oct 5, 2026$2.334b
Oct 6, 2026$2.315b
Oct 7, 2026$2.303b
Oct 8, 2026$2.254b
Oct 9, 2026$2.193b
Oct 10, 2026$2.189b
Oct 11, 2026$2.199b
Oct 12, 2026$2.206b
Oct 13, 2026$2.017b
Oct 14, 2026$2.017b
Oct 15, 2026$1.992b
Oct 16, 2026$1.987b
Oct 17, 2026$2.135b
Oct 18, 2026$2.128b
Oct 19, 2026$2.38b
Oct 20, 2026$2.387b
Oct 21, 2026$2.397b

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$1.905b
Dec 31, 2024$1.907b
Jan 31, 2025$1.8b
Feb 28, 2025$1.656b
Mar 31, 2025$1.606b
Apr 30, 2025$1.678b
May 31, 2025$1.762b
Jun 30, 2025$1.763b
Jul 31, 2025$2.057b
Aug 31, 2025$2.158b
Sep 30, 2025$2.451b
Oct 31, 2025$2.731b
Nov 30, 2025$2.63b
Dec 31, 2025$2.387b
Jan 31, 2026$2.406b
Feb 28, 2026$1.958b
Mar 31, 2026$2.047b
Apr 30, 2026$2.15b
May 31, 2026$2.333b
Jun 30, 2026$2.039b
Jul 31, 2026$2.059b
Aug 31, 2026$2.247b
Sep 30, 2026$2.289b
Oct 21, 2026 (latest)$2.397b

TVL at each year end, Dec 31, 2021 to Dec 31, 2025

DateTVL
Dec 31, 2021$5.427b
Dec 31, 2022$2.401b
Dec 31, 2023$1.656b
Dec 31, 2024$1.907b
Dec 31, 2025$2.387b

Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026

MonthFeesRevenueHolders revenue
Nov 2024$18.18m$6.33m$4.35m
Dec 2024$20.66m$7.2m$5.01m
Jan 2025$17.74m$6.2m$4.33m
Feb 2025$42.64m$14.14m$9.96m
Mar 2025$27.52m$9.26m$6.51m
Apr 2025$14.71m$5.1m$3.55m
May 2025$29.2m$9.92m$5.82m
Jun 2025$39.28m$13.22m$7.02m
Jul 2025$28.8m$9.78m$5.41m
Aug 2025$20.8m$7.16m$4.28m
Sep 2025$38.41m$12.8m$8.32m
Oct 2025$78.33m$25.67m$17.16m
Nov 2025$33.67m$11.34m$6.93m
Dec 2025$16.98m$5.76m$3.66m
Jan 2026$17.27m$5.88m$3.82m
Feb 2026$11.64m$3.99m$2.56m
Mar 2026$11.95m$4.15m$2.72m
Apr 2026$11.43m$3.88m$2.59m
May 2026$9.66m$3.32m$2.19m
Jun 2026$10.05m$3.42m$2.23m
Jul 2026$6.61m$2.28m$1.47m
Aug 2026$17.54m$5.78m$3.92m
Sep 2026$24.3m$7.91m$5.36m
Oct 2026 (to date)$8.04m$2.68m$1.77m

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pancakeswap

Frequently asked questions

What is PancakeSwap's TVL?

As of Oct 21, 2026, PancakeSwap has $2.404b in total value locked. TVL has increased 2.1% over the past 30 days.

What chains does PancakeSwap operate on?

PancakeSwap operates on 12 chains: BSC, Ethereum, Aptos, Base, and Arbitrum and 7 others. BSC holds the largest share at 97%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $13.72m in fees. Of that, $4.55m was protocol revenue. Based on the trailing year, the annualized rate is $195.59m in fees and $65.84m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.24. Its circulating market capitalization is $712.24m, ranking it #124. Its fully diluted valuation is $738.19m. Supply currently stands at 317.75m circulating, 329.33m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 1.9% over the past 7 days and down 11.6% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 94.9% below that level.

Which protocols are included in PancakeSwap?

PancakeSwap is a parent protocol whose tracked products include PancakeSwap AMM, PancakeSwap AMM V3, PancakeSwap Infinity, PancakeSwap StableSwap, and PancakeSwap Options and 6 others.

How much trading volume does PancakeSwap process?

PancakeSwap processed $23.665b in DEX volume over the past 30 days.