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PancakeSwap(CAKE)

Total Value Locked$2.128b

TVL by Chain

BSC$2.062b

Ethereum$27.3m

Base$20.83m

Arbitrum$6.75m

Solana$6.06m

Robinhood Chain$3.07m

Monad$1.11m

Aptos$905,440

ZKsync Era$462,436

Linea$169,039

opBNB$123,013

Arc$1,997

Polygon zkEVM$0

Key Metrics

Fees 30d$10.29m
Fees 30d by chain

BSC$9.64m

Base$370,468

Ethereum$109,080

Solana$80,230

Arbitrum$67,438

Monad$12,732

Robinhood Chain$4,418

Aptos$2,377

ZKsync Era$467.16

opBNB$433.40

Linea$181.56

Fees 7d$1.83m

BSC$1.73m

Base$67,288

Solana$19,021

Arbitrum$7,300

Ethereum$7,289

Monad$1,302

Robinhood Chain$467.83

Aptos$372

ZKsync Era$75.18

opBNB$42.68

Linea$35.15

Fees 24h$32,342

BSC$32,208

Base$119

Arbitrum$15.50

Ethereum$0

Cumulative Fees$1.469b

BSC$1.412b

Base$25.56m

Ethereum$13.68m

Arbitrum$7.05m

Solana$3.31m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.11m

Linea$955,031

opBNB$351,300

Robinhood Chain$124,838

Polygon zkEVM$31,888

Revenue 30d$3.52m
Revenue 30d by chain

BSC$3.32m

Base$122,763

Ethereum$35,277

Arbitrum$22,219

Solana$15,111

Monad$4,239

Robinhood Chain$1,434

Aptos$759.14

ZKsync Era$151.48

opBNB$139

Linea$58.97

Revenue 7d$648,541

BSC$616,760

Base$22,292

Solana$3,932

Arbitrum$2,435

Ethereum$2,366

Monad$436

Robinhood Chain$150.92

Aptos$118.36

ZKsync Era$24.53

opBNB$13.77

Linea$11.35

Revenue 24h$16,251

BSC$16,242

Arbitrum$7.57

Base$0.92

Ethereum$0

Cumulative Revenue$484.34m

BSC$466.02m

Base$8.39m

Ethereum$4.54m

Arbitrum$2.33m

Aptos$1.03m

ZKsync Era$617,432

Solana$581,004

Monad$366,823

Linea$312,867

opBNB$112,505

Robinhood Chain$40,121

Polygon zkEVM$10,351

Holders Revenue 30d$2.3m
Holders Revenue 30d by chain

BSC$2.2m

Base$56,922

Ethereum$22,542

Arbitrum$12,741

Solana$7,655

Monad$2,279

Robinhood Chain$865.27

Aptos$548.76

opBNB$99.64

ZKsync Era$98.33

Linea$36.61

Holders Revenue 7d$425,834

BSC$410,477

Base$10,323

Solana$1,877

Ethereum$1,460

Arbitrum$1,252

Monad$226

Robinhood Chain$101.76

Aptos$85.85

ZKsync Era$15.90

opBNB$9.81

Linea$6.87

Holders Revenue 24h$13,486

BSC$13,479

Arbitrum$6.05

Base$0.46

Ethereum$0

Cumulative Holders Revenue$313.28m

BSC$303.12m

Base$4.57m

Ethereum$2.45m

Arbitrum$1.2m

Aptos$736,797

ZKsync Era$397,780

Solana$295,835

Monad$204,714

Linea$184,311

opBNB$80,457

Robinhood Chain$27,756

Polygon zkEVM$5,640

Incentives 1y$13.45m

Incentives 30d$998,480

Incentives 7d$65,061

Incentives 24h$0

Cumulative Incentives$111.4m

Earnings (Annualized)$42.89m

Earnings 30d$2.52m

Earnings 7d$583,480

Earnings 24h$16,251

Cumulative Earnings$372.94m

DEX Volume 30d$23.964b
DEX Volume 30d by chain

BSC$20.277b

Base$2.73b

Solana$466.12m

Ethereum$300.63m

Arbitrum$150.24m

Robinhood Chain$19.74m

Monad$17.79m

Aptos$951,009

ZKsync Era$600,352

Linea$419,362

opBNB$119,824

DEX Volume 7d$4.708b

BSC$4.032b

Base$493.68m

Solana$132.06m

Arbitrum$24.48m

Ethereum$22.9m

Monad$1.97m

Robinhood Chain$872,506

Aptos$148,962

Linea$102,682

ZKsync Era$92,960

opBNB$15,848

DEX Volume 24h$128.63m

BSC$128.47m

Base$98,755

Arbitrum$34,743

Ethereum$26,445

Robinhood Chain$398

Cumulative DEX Volume$2.145t

BSC$1.934t

Base$121.759b

Arbitrum$39.069b

Ethereum$25.616b

Solana$15.865b

ZKsync Era$4.403b

Linea$1.951b

Monad$1.435b

opBNB$387.23m

Polygon zkEVM$161.48m

Robinhood Chain$93.88m

Aptos$25.37m

DEX Notional Volume 30d$10.8m
DEX Notional Volume 30d by chain

BSC$10.8m

DEX Notional Volume 7d$2.78m

BSC$2.78m

DEX Notional Volume 24h$324,955

BSC$324,955

Cumulative DEX Notional Volume$730.49m

BSC$730.49m

DEX Aggregator Volume 30d$1.373b

DEX Aggregator Volume 7d$300.72m

DEX Aggregator Volume 24h$45.18m

Cumulative DEX Aggregator Volume$3.483b

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$60.081b

BSC$54.949b

Arbitrum$4.711b

Base$421.46m

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$602.51m

$CAKE Price$1.78

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$622.98m

$CAKE Volume 24h$37.93m

CEX Volume$9.24m

DEX Volume$30.07m(79.29% of total)

Staked$44.73m(7.42% of mcap)

Total RaisedUndisclosed

Jun 7, 2022Round: StrategicInvestors: Binance Labs

Protocol Information

Trade. Earn. Win. NFT.

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

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

Yields

Pools Tracked174

Average Supply APY9.17%

User Activity

Active Addresses (24h)370,796

Transactions (24h)4.06m

PancakeSwap history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Apr 22, 2021 to Nov 12, 2026.

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

Daily TVL, Oct 14, 2026 to Nov 12, 2026

DateTVL
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
Oct 22, 2026$2.403b
Oct 23, 2026$2.373b
Oct 24, 2026$2.377b
Oct 25, 2026$2.375b
Oct 26, 2026$2.371b
Oct 27, 2026$2.378b
Oct 28, 2026$2.38b
Oct 29, 2026$2.372b
Oct 30, 2026$2.262b
Oct 31, 2026$2.252b
Nov 1, 2026$2.245b
Nov 2, 2026$2.25b
Nov 3, 2026$2.229b
Nov 4, 2026$2.222b
Nov 5, 2026$2.296b
Nov 6, 2026$2.233b
Nov 7, 2026$2.214b
Nov 8, 2026$2.215b
Nov 9, 2026$2.187b
Nov 10, 2026$2.205b
Nov 11, 2026$2.181b
Nov 12, 2026$2.128b

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
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 31, 2026$2.252b
Nov 12, 2026 (latest)$2.128b

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, Dec 2024 to Nov 2026

MonthFeesRevenueHolders revenue
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$11.82m$3.96m$2.6m
Nov 2026 (to date)$4.03m$1.4m$925,363

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 Nov 12, 2026, PancakeSwap has $2.128b in total value locked. TVL has increased 5.5% over the past 30 days.

What chains does PancakeSwap operate on?

PancakeSwap operates on 13 chains: BSC, Ethereum, Aptos, Arbitrum, and Base and 8 others. BSC holds the largest share at 96.9%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $10.29m in fees. Of that, $3.52m was protocol revenue. Based on the trailing year, the annualized rate is $166.89m in fees and $56.34m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $1.78. Its circulating market capitalization is $602.21m, ranking it #125. Its fully diluted valuation is $622.67m. Supply currently stands at 339.43m circulating, 350.96m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 6.8% over the past 7 days and down 22.8% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 96% 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 $23.964b in DEX volume over the past 30 days.