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PancakeSwap(CAKE)

Total Value Locked$2.403b

TVL by Chain

BSC$2.331b

Ethereum$28.29m

Base$22.97m

Arbitrum$8.21m

Solana$6.26m

Robinhood Chain$2.92m

Monad$1.14m

Aptos$1.03m

ZKsync Era$629,826

Linea$195,304

opBNB$129,706

Polygon zkEVM$0

Key Metrics

Fees 30d$13.35m
Fees 30d by chain

BSC$12.7m

Base$409,535

Solana$74,926

Ethereum$62,681

Arbitrum$60,884

Monad$24,005

Robinhood Chain$7,305

Aptos$3,459

opBNB$473.63

ZKsync Era$415.21

Linea$242.52

Fees 7d$2.43m

BSC$2.29m

Base$87,532

Solana$20,237

Arbitrum$13,544

Ethereum$13,347

Monad$3,475

Robinhood Chain$2,296

Aptos$701

ZKsync Era$99.43

Linea$50.17

opBNB$35

Fees 24h$433,961

BSC$414,545

Base$12,743

Solana$2,784

Arbitrum$1,723

Ethereum$1,582

Monad$394

Robinhood Chain$97

Aptos$73

ZKsync Era$10.35

Linea$6.92

opBNB$2.75

Cumulative Fees$1.462b

BSC$1.405b

Base$25.3m

Ethereum$13.58m

Arbitrum$7m

Solana$3.26m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,903

opBNB$350,913

Robinhood Chain$123,062

Polygon zkEVM$31,888

Revenue 30d$4.43m
Revenue 30d by chain

BSC$4.23m

Base$135,718

Ethereum$20,258

Arbitrum$20,244

Solana$12,931

Monad$8,005

Robinhood Chain$2,372

Aptos$1,107

opBNB$151.30

ZKsync Era$135.25

Linea$78.93

Revenue 7d$820,011

BSC$776,464

Base$29,055

Arbitrum$4,520

Ethereum$4,322

Solana$3,468

Monad$1,157

Robinhood Chain$740.95

Aptos$224

ZKsync Era$32.43

Linea$16.39

opBNB$11.20

Revenue 24h$144,302

BSC$138,236

Base$4,237

Arbitrum$576.49

Solana$546

Ethereum$512

Monad$132

Robinhood Chain$32.25

Aptos$23

ZKsync Era$3.36

Linea$2.28

opBNB$0.87

Cumulative Revenue$481.78m

BSC$463.62m

Base$8.3m

Ethereum$4.51m

Arbitrum$2.31m

Aptos$1.02m

ZKsync Era$617,317

Solana$569,736

Monad$363,913

Linea$312,825

opBNB$112,381

Robinhood Chain$39,540

Polygon zkEVM$10,351

Holders Revenue 30d$2.93m
Holders Revenue 30d by chain

BSC$2.82m

Base$64,408

Ethereum$13,095

Arbitrum$10,685

Solana$6,559

Monad$4,235

Robinhood Chain$1,429

Aptos$795.09

opBNB$108.34

ZKsync Era$86.40

Linea$49.57

Holders Revenue 7d$534,288

BSC$512,635

Base$13,483

Ethereum$2,757

Arbitrum$2,363

Solana$1,752

Monad$620

Robinhood Chain$478.47

Aptos$162

ZKsync Era$20.56

Linea$10.18

opBNB$8

Holders Revenue 24h$95,281

BSC$92,319

Base$1,949

Ethereum$329

Arbitrum$290.72

Solana$287

Monad$68

Aptos$17

Robinhood Chain$16.78

ZKsync Era$2.13

Linea$1.27

opBNB$0.63

Cumulative Holders Revenue$311.6m

BSC$301.52m

Base$4.53m

Ethereum$2.43m

Arbitrum$1.19m

Aptos$736,431

ZKsync Era$397,704

Solana$290,121

Monad$203,146

Linea$184,286

opBNB$80,368

Robinhood Chain$27,437

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)$51.48m

Earnings 30d$2.93m

Earnings 7d$489,767

Earnings 24h$144,302

Cumulative Earnings$371.05m

DEX Volume 30d$23.384b
DEX Volume 30d by chain

BSC$19.702b

Base$2.868b

Solana$404.62m

Arbitrum$187.65m

Ethereum$151.75m

Monad$34.87m

Robinhood Chain$32.71m

Aptos$1.38m

ZKsync Era$632,647

Linea$534,097

opBNB$189,407

DEX Volume 7d$5.602b

BSC$4.807b

Base$605.06m

Solana$110.52m

Arbitrum$34.97m

Ethereum$31.78m

Robinhood Chain$6.97m

Monad$4.85m

Aptos$280,585

ZKsync Era$164,407

Linea$108,822

opBNB$14,081

DEX Volume 24h$888.65m

BSC$773.94m

Base$89.76m

Solana$15.3m

Arbitrum$4.94m

Ethereum$3.29m

Robinhood Chain$747,671

Monad$589,852

Aptos$29,092

Linea$20,454

ZKsync Era$17,487

opBNB$953

Cumulative DEX Volume$2.127t

BSC$1.919t

Base$119.73b

Arbitrum$38.958b

Ethereum$25.294b

Solana$15.523b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.423b

opBNB$387.13m

Polygon zkEVM$161.48m

Robinhood Chain$82.54m

Aptos$24.74m

DEX Notional Volume 30d$8.15m
DEX Notional Volume 30d by chain

BSC$8.15m

DEX Notional Volume 7d$2.05m

BSC$2.05m

DEX Notional Volume 24h$300,587

BSC$300,587

Cumulative DEX Notional Volume$722.02m

BSC$722.02m

DEX Aggregator Volume 30d$1.215b

DEX Aggregator Volume 7d$525.19m

DEX Aggregator Volume 24h$35.56m

Cumulative DEX Aggregator Volume$2.394b

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$714.23m

$CAKE Price$2.25

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$740.26m

$CAKE Volume 24h$54.12m

CEX Volume$8.31m

DEX Volume$45.89m(84.78% of total)

Staked$58.4m(8.18% of mcap)

Total RaisedUndisclosed

Jun 7, 2022Round: StrategicInvestors: Binance Labs

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Protocol Information

Trade. Earn. Win. NFT.

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

Yields

Pools Tracked111

Average Supply APY5.17%

User Activity

Active Addresses (24h)386,593

Transactions (24h)4.12m

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 22, 2026.

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

Daily TVL, Sep 23, 2026 to Oct 22, 2026

DateTVL
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$2.401b
Oct 22, 2026$2.401b

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 22, 2026 (latest)$2.401b

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)$8.42m$2.8m$1.85m

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 22, 2026, PancakeSwap has $2.403b in total value locked. TVL has increased 1.8% 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 $13.35m in fees. Of that, $4.43m was protocol revenue. Based on the trailing year, the annualized rate is $194.38m in fees and $65.44m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.24. Its circulating market capitalization is $710.75m, ranking it #124. Its fully diluted valuation is $736.65m. Supply currently stands at 317.75m circulating, 329.33m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is up 0.7% 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 $23.384b in DEX volume over the past 30 days.