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PancakeSwap(CAKE)

Total Value Locked$2.301b

TVL by Chain

BSC$2.231b

Ethereum$28.3m

Base$22.64m

Arbitrum$7.74m

Solana$5.82m

Robinhood Chain$2.9m

Monad$1.24m

Aptos$958,921

ZKsync Era$543,283

Linea$184,596

opBNB$125,823

Polygon zkEVM$0

Key Metrics

Fees 30d$11.89m
Fees 30d by chain

BSC$11.28m

Base$364,846

Ethereum$76,776

Solana$71,208

Arbitrum$66,312

Monad$20,654

Robinhood Chain$6,662

Aptos$3,056

opBNB$432.51

ZKsync Era$418.14

Linea$210.72

Fees 7d$2.28m

BSC$2.13m

Base$74,192

Ethereum$31,550

Arbitrum$22,033

Solana$16,076

Monad$3,916

Robinhood Chain$567.60

Aptos$527

ZKsync Era$122.59

opBNB$61.86

Linea$50.82

Fees 24h$333,548

BSC$311,913

Base$12,824

Ethereum$3,135

Arbitrum$2,482

Solana$2,302

Monad$614

Robinhood Chain$152.88

Aptos$72

ZKsync Era$44

Linea$4.70

opBNB$4.61

Cumulative Fees$1.464b

BSC$1.407b

Base$25.37m

Ethereum$13.61m

Arbitrum$7.02m

Solana$3.27m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,954

opBNB$350,975

Robinhood Chain$123,629

Polygon zkEVM$31,888

Revenue 30d$3.98m
Revenue 30d by chain

BSC$3.79m

Base$120,993

Ethereum$24,767

Arbitrum$21,898

Solana$13,077

Monad$6,875

Robinhood Chain$2,160

Aptos$977.47

opBNB$138.14

ZKsync Era$135.88

Linea$68.60

Revenue 7d$783,341

BSC$736,338

Base$24,559

Ethereum$10,141

Arbitrum$7,184

Solana$3,392

Monad$1,298

Robinhood Chain$186.86

Aptos$168

ZKsync Era$39.59

opBNB$19.93

Linea$16.36

Revenue 24h$113,759

BSC$106,969

Base$4,231

Ethereum$1,011

Arbitrum$816.52

Solana$438

Monad$204

Robinhood Chain$50.60

Aptos$23

ZKsync Era$14

Linea$1.53

opBNB$1.47

Cumulative Revenue$482.57m

BSC$464.35m

Base$8.32m

Ethereum$4.52m

Arbitrum$2.32m

Aptos$1.02m

ZKsync Era$617,356

Solana$573,128

Monad$365,211

Linea$312,842

opBNB$112,400

Robinhood Chain$39,727

Polygon zkEVM$10,351

Holders Revenue 30d$2.62m
Holders Revenue 30d by chain

BSC$2.52m

Base$56,553

Ethereum$16,366

Arbitrum$12,279

Solana$6,856

Monad$3,697

Robinhood Chain$1,325

Aptos$704.09

opBNB$98.80

ZKsync Era$87.12

Linea$42.70

Holders Revenue 7d$511,733

BSC$485,921

Base$11,463

Ethereum$6,985

Arbitrum$4,471

Solana$1,901

Monad$724

Aptos$122

Robinhood Chain$92.32

ZKsync Era$26.67

opBNB$14.15

Linea$10.75

Holders Revenue 24h$74,032

BSC$70,529

Base$1,970

Ethereum$675.63

Arbitrum$459.72

Solana$234

Monad$112

Robinhood Chain$23.43

Aptos$16

ZKsync Era$9.93

opBNB$1.05

Linea$0.95

Cumulative Holders Revenue$312.11m

BSC$302m

Base$4.54m

Ethereum$2.44m

Arbitrum$1.2m

Aptos$736,553

ZKsync Era$397,731

Solana$292,022

Monad$203,870

Linea$184,296

opBNB$80,382

Robinhood Chain$27,530

Polygon zkEVM$5,640

Incentives 1y$13.85m

Incentives 30d$1.38m

Incentives 7d$314,884

Incentives 24h$0

Cumulative Incentives$111.05m

Earnings (Annualized)$48.66m

Earnings 30d$2.6m

Earnings 7d$468,457

Earnings 24h$113,759

Cumulative Earnings$371.52m

DEX Volume 30d$23.597b
DEX Volume 30d by chain

BSC$20.23b

Base$2.625b

Solana$371.7m

Arbitrum$165.52m

Ethereum$146.28m

Monad$28.74m

Robinhood Chain$27.22m

Aptos$1.22m

ZKsync Era$642,930

Linea$466,715

opBNB$173,433

DEX Volume 7d$5.723b

BSC$5.022b

Base$548.42m

Solana$76.48m

Arbitrum$34.88m

Ethereum$31.05m

Monad$5m

Robinhood Chain$4.71m

Aptos$210,839

ZKsync Era$105,733

Linea$78,901

opBNB$25,454

DEX Volume 24h$807.31m

BSC$683.68m

Base$98.26m

Solana$11.94m

Arbitrum$7.05m

Ethereum$4.09m

Robinhood Chain$1.41m

Monad$810,021

Aptos$28,628

ZKsync Era$20,189

Linea$11,268

opBNB$1,667

Cumulative DEX Volume$2.133t

BSC$1.924t

Base$120.278b

Arbitrum$38.993b

Ethereum$25.351b

Solana$15.599b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.428b

opBNB$387.15m

Polygon zkEVM$161.48m

Robinhood Chain$87.25m

Aptos$24.95m

DEX Notional Volume 30d$9.09m
DEX Notional Volume 30d by chain

BSC$9.09m

DEX Notional Volume 7d$2.75m

BSC$2.75m

DEX Notional Volume 24h$346,279

BSC$346,279

Cumulative DEX Notional Volume$724.76m

BSC$724.76m

DEX Aggregator Volume 30d$1.181b

DEX Aggregator Volume 7d$140.91m

DEX Aggregator Volume 24h$30.25m

Cumulative DEX Aggregator Volume$2.637b

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$710.46m

$CAKE Price$2.05

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$734.18m

$CAKE Volume 24h$54.72m

CEX Volume$17.81m

DEX Volume$46.15m(84.34% of total)

Staked$51m(7.18% 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 Tracked151

Average Supply APY13.49%

User Activity

Active Addresses (24h)393,156

Transactions (24h)4.72m

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 29, 2026.

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

Daily TVL, Sep 30, 2026 to Oct 29, 2026

DateTVL
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
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

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 29, 2026 (latest)$2.372b

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)$10.73m$3.6m$2.38m

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 29, 2026, PancakeSwap has $2.301b in total value locked. TVL has increased 0.5% 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 96.9%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $11.89m in fees. Of that, $3.98m was protocol revenue. Based on the trailing year, the annualized rate is $185.4m in fees and $62.51m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $1.95. Its circulating market capitalization is $674.67m, ranking it #121. Its fully diluted valuation is $697.2m. Supply currently stands at 346.06m circulating, 357.62m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 8.1% over the past 7 days and down 23% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 95.6% 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 $23.597b in DEX volume over the past 30 days.