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PancakeSwap(CAKE)

Total Value Locked$2.192b

TVL by Chain

BSC$2.127b

Ethereum$27.84m

Base$18.83m

Arbitrum$7.26m

Solana$5.56m

Robinhood Chain$3.02m

Monad$1.04m

Aptos$926,266

ZKsync Era$474,527

Linea$176,724

opBNB$125,765

Arc$2,346

Polygon zkEVM$0

Key Metrics

Fees 30d$10.51m
Fees 30d by chain

BSC$9.85m

Base$372,652

Ethereum$116,308

Solana$76,936

Arbitrum$69,230

Monad$13,945

Robinhood Chain$5,302

Aptos$2,672

ZKsync Era$506.81

opBNB$449.07

Linea$193.64

Fees 7d$2.79m

BSC$2.64m

Base$97,659

Solana$19,687

Arbitrum$18,106

Ethereum$15,255

Monad$2,002

Aptos$452

Robinhood Chain$425.13

opBNB$151.51

ZKsync Era$126.37

Linea$44.78

Fees 24h$266,018

BSC$251,018

Base$10,972

Solana$1,990

Arbitrum$1,071

Ethereum$747

Monad$126

Aptos$54

Robinhood Chain$19.18

opBNB$7.90

ZKsync Era$7.11

Linea$6.27

Cumulative Fees$1.468b

BSC$1.411b

Base$25.53m

Ethereum$13.67m

Arbitrum$7.04m

Solana$3.3m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.11m

Linea$955,017

opBNB$351,275

Robinhood Chain$124,455

Polygon zkEVM$31,888

Revenue 30d$3.57m
Revenue 30d by chain

BSC$3.36m

Base$123,558

Ethereum$37,605

Arbitrum$22,811

Solana$13,583

Monad$4,641

Robinhood Chain$1,718

Aptos$854.14

ZKsync Era$164.32

opBNB$143.99

Linea$62.96

Revenue 7d$955,377

BSC$907,973

Base$32,377

Arbitrum$5,938

Ethereum$4,937

Solana$3,095

Monad$671

Aptos$144.36

Robinhood Chain$139.10

opBNB$48.43

ZKsync Era$40.65

Linea$14.48

Revenue 24h$94,445

BSC$89,760

Base$3,650

Solana$364

Arbitrum$356.10

Ethereum$242

Monad$42

Aptos$17

Robinhood Chain$6.29

opBNB$2.53

ZKsync Era$2.34

Linea$2.06

Cumulative Revenue$483.97m

BSC$465.68m

Base$8.37m

Ethereum$4.53m

Arbitrum$2.33m

Aptos$1.03m

ZKsync Era$617,420

Solana$578,017

Monad$366,554

Linea$312,862

opBNB$112,497

Robinhood Chain$39,998

Polygon zkEVM$10,351

Holders Revenue 30d$2.34m
Holders Revenue 30d by chain

BSC$2.23m

Base$57,315

Ethereum$24,073

Arbitrum$13,089

Solana$7,004

Monad$2,505

Robinhood Chain$1,050

Aptos$615.76

ZKsync Era$107.30

opBNB$103.19

Linea$39.56

Holders Revenue 7d$635,555

BSC$611,930

Base$14,877

Arbitrum$3,511

Ethereum$3,127

Solana$1,516

Monad$345

Aptos$103.58

Robinhood Chain$73.71

opBNB$34.72

ZKsync Era$26

Linea$8.94

Holders Revenue 24h$62,223

BSC$59,972

Base$1,687

Arbitrum$184.75

Solana$181

Ethereum$156

Monad$23

Aptos$12

Robinhood Chain$2.98

opBNB$1.80

ZKsync Era$1.35

Linea$1.19

Cumulative Holders Revenue$313.04m

BSC$302.89m

Base$4.56m

Ethereum$2.45m

Arbitrum$1.2m

Aptos$736,738

ZKsync Era$397,772

Solana$294,421

Monad$204,577

Linea$184,309

opBNB$80,451

Robinhood Chain$27,670

Polygon zkEVM$5,640

Incentives 1y$13.77m

Incentives 30d$1.3m

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$111.34m

Earnings (Annualized)$43.63m

Earnings 30d$2.27m

Earnings 7d$955,377

Earnings 24h$94,445

Cumulative Earnings$372.64m

DEX Volume 30d$23.861b
DEX Volume 30d by chain

BSC$20.214b

Base$2.718b

Solana$413.29m

Ethereum$318.19m

Arbitrum$154.11m

Robinhood Chain$22.25m

Monad$19.32m

Aptos$1.07m

ZKsync Era$639,304

Linea$405,725

opBNB$128,638

DEX Volume 7d$5.767b

BSC$4.809b

Base$749.63m

Solana$113.73m

Ethereum$47.99m

Arbitrum$39.91m

Monad$3.1m

Robinhood Chain$3.03m

ZKsync Era$189,585

Aptos$180,907

Linea$101,885

opBNB$35,805

DEX Volume 24h$721.16m

BSC$627.89m

Base$75.47m

Solana$11.86m

Arbitrum$3.85m

Ethereum$1.69m

Robinhood Chain$176,478

Monad$171,760

Aptos$21,471

Linea$17,579

ZKsync Era$17,287

opBNB$3,336

Cumulative DEX Volume$2.142t

BSC$1.932t

Base$121.475b

Arbitrum$39.055b

Ethereum$25.591b

Solana$15.77b

ZKsync Era$4.403b

Linea$1.951b

Monad$1.434b

opBNB$387.22m

Polygon zkEVM$161.48m

Robinhood Chain$93.54m

Aptos$25.27m

DEX Notional Volume 30d$10.21m
DEX Notional Volume 30d by chain

BSC$10.21m

DEX Notional Volume 7d$2.71m

BSC$2.71m

DEX Notional Volume 24h$388,220

BSC$388,220

Cumulative DEX Notional Volume$728.83m

BSC$728.83m

DEX Aggregator Volume 30d$1.353b

DEX Aggregator Volume 7d$319.38m

DEX Aggregator Volume 24h$50.41m

Cumulative DEX Aggregator Volume$3.282b

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$704.74m

$CAKE Price$1.87

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$725.31m

$CAKE Volume 24h$40.42m

CEX Volume$8.02m

DEX Volume$32.89m(81.35% of total)

Staked$47.78m(6.78% 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 Tracked149

Average Supply APY9.53%

User Activity

Active Addresses (24h)366,445

Transactions (24h)4m

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 Nov 9, 2026.

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

Daily TVL, Oct 11, 2026 to Nov 9, 2026

DateTVL
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
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

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 9, 2026 (latest)$2.187b

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)$3.03m$1.05m$699,976

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 9, 2026, PancakeSwap has $2.192b in total value locked. TVL has increased 0.2% over the past 30 days.

What chains does PancakeSwap operate on?

PancakeSwap operates on 13 chains: BSC, Ethereum, Aptos, Base, and Arbitrum and 8 others. BSC holds the largest share at 97%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $10.51m in fees. Of that, $3.57m was protocol revenue. Based on the trailing year, the annualized rate is $170.09m in fees and $57.4m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $1.87. Its circulating market capitalization is $704.74m, ranking it #124. Its fully diluted valuation is $725.31m. Supply currently stands at 376.96m circulating, 387.97m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 2.3% over the past 7 days and down 15.4% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 95.7% 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 $23.861b in DEX volume over the past 30 days.