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PancakeSwap(CAKE)

Total Value Locked$2.378b

TVL by Chain

BSC$2.308b

Ethereum$28m

Base$22.2m

Arbitrum$7.95m

Solana$5.94m

Robinhood Chain$2.75m

Monad$1.31m

Aptos$981,321

ZKsync Era$566,263

Linea$188,482

opBNB$125,726

Polygon zkEVM$0

Key Metrics

Fees 30d$12.01m
Fees 30d by chain

BSC$11.39m

Base$373,060

Ethereum$76,393

Solana$68,906

Arbitrum$66,399

Monad$22,607

Robinhood Chain$6,713

Aptos$3,055

opBNB$444.86

ZKsync Era$378.68

Linea$229.02

Fees 7d$2.31m

BSC$2.16m

Base$74,051

Ethereum$29,962

Arbitrum$21,263

Solana$16,558

Monad$3,696

Robinhood Chain$507.74

Aptos$434

ZKsync Era$85.22

opBNB$59.08

Linea$53.04

Fees 24h$246,964

BSC$229,792

Base$9,743

Ethereum$2,832

Arbitrum$2,089

Solana$1,815

Monad$556

Robinhood Chain$90

ZKsync Era$24

opBNB$20

Linea$2.92

Cumulative Fees$1.464b

BSC$1.407b

Base$25.36m

Ethereum$13.61m

Arbitrum$7.02m

Solana$3.27m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,949

opBNB$350,969

Robinhood Chain$123,472

Polygon zkEVM$31,888

Revenue 30d$4.01m
Revenue 30d by chain

BSC$3.82m

Base$123,739

Ethereum$24,644

Arbitrum$21,938

Solana$12,639

Monad$7,527

Robinhood Chain$2,176

Aptos$977.47

opBNB$142.09

ZKsync Era$123.40

Linea$74.38

Revenue 7d$791,353

BSC$745,142

Base$24,546

Ethereum$9,631

Arbitrum$6,940

Solana$3,500

Monad$1,226

Robinhood Chain$167.24

Aptos$138

ZKsync Era$27.76

opBNB$19.04

Linea$17.11

Revenue 24h$87,160

BSC$81,746

Base$3,230

Ethereum$912

Arbitrum$684.06

Solana$359

Monad$184

Robinhood Chain$30

ZKsync Era$7.83

opBNB$6.54

Linea$0.95

Cumulative Revenue$482.43m

BSC$464.22m

Base$8.32m

Ethereum$4.51m

Arbitrum$2.32m

Aptos$1.02m

ZKsync Era$617,341

Solana$572,690

Monad$365,007

Linea$312,840

opBNB$112,399

Robinhood Chain$39,675

Polygon zkEVM$10,351

Holders Revenue 30d$2.64m
Holders Revenue 30d by chain

BSC$2.54m

Base$57,877

Ethereum$16,277

Arbitrum$12,252

Solana$6,622

Monad$4,037

Robinhood Chain$1,335

Aptos$704.09

opBNB$101.62

ZKsync Era$77.92

Linea$46.71

Holders Revenue 7d$516,889

BSC$491,669

Base$11,428

Ethereum$6,630

Arbitrum$4,300

Solana$1,954

Monad$680

Aptos$101

Robinhood Chain$84.76

ZKsync Era$18.01

opBNB$13.52

Linea$11.07

Holders Revenue 24h$55,085

BSC$52,206

Base$1,520

Ethereum$619

Arbitrum$410.85

Solana$198

Monad$105

Robinhood Chain$16

ZKsync Era$5.36

opBNB$4.58

Linea$0.59

Cumulative Holders Revenue$312.02m

BSC$301.92m

Base$4.54m

Ethereum$2.44m

Arbitrum$1.2m

Aptos$736,515

ZKsync Era$397,720

Solana$291,788

Monad$203,758

Linea$184,295

opBNB$80,381

Robinhood Chain$27,505

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)$48.94m

Earnings 30d$2.63m

Earnings 7d$476,470

Earnings 24h$87,160

Cumulative Earnings$371.38m

DEX Volume 30d$23.678b
DEX Volume 30d by chain

BSC$20.263b

Base$2.678b

Solana$359.76m

Arbitrum$167.29m

Ethereum$147.9m

Monad$31.68m

Robinhood Chain$27.51m

Aptos$1.22m

ZKsync Era$637,170

Linea$484,190

opBNB$178,368

DEX Volume 7d$5.775b

BSC$5.083b

Base$539.9m

Solana$79.84m

Arbitrum$32.77m

Ethereum$30.24m

Monad$4.78m

Robinhood Chain$4.05m

Aptos$173,574

ZKsync Era$101,542

Linea$88,087

opBNB$24,372

DEX Volume 24h$739.19m

BSC$651.22m

Base$70.72m

Solana$8.88m

Arbitrum$3.83m

Ethereum$3.26m

Monad$672,105

Robinhood Chain$576,341

ZKsync Era$14,777

opBNB$10,242

Linea$8,562

Cumulative DEX Volume$2.132t

BSC$1.923t

Base$120.18b

Arbitrum$38.986b

Ethereum$25.342b

Solana$15.587b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.427b

opBNB$387.15m

Polygon zkEVM$161.48m

Robinhood Chain$85.84m

Aptos$24.88m

DEX Notional Volume 30d$8.97m
DEX Notional Volume 30d by chain

BSC$8.97m

DEX Notional Volume 7d$2.7m

BSC$2.7m

DEX Notional Volume 24h$335,577

BSC$335,577

Cumulative DEX Notional Volume$724.42m

BSC$724.42m

DEX Aggregator Volume 30d$1.175b

DEX Aggregator Volume 7d$146.33m

DEX Aggregator Volume 24h$24.2m

Cumulative DEX Aggregator Volume$2.582b

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$683.04m

$CAKE Price$2.10

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$707.26m

$CAKE Volume 24h$60.25m

CEX Volume$10.99m

DEX Volume$48.18m(79.98% of total)

Staked$53.93m(7.9% 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 Tracked153

Average Supply APY7.49%

User Activity

Active Addresses (24h)385,624

Transactions (24h)4.28m

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 28, 2026.

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

Daily TVL, Sep 29, 2026 to Oct 28, 2026

DateTVL
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
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

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 28, 2026 (latest)$2.38b

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)$10.33m$3.46m$2.29m

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 28, 2026, PancakeSwap has $2.378b in total value locked. TVL has increased 2.2% 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 97.1%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $12.01m in fees. Of that, $4.01m was protocol revenue. Based on the trailing year, the annualized rate is $186.26m in fees and $62.79m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.10. Its circulating market capitalization is $683.04m, ranking it #123. Its fully diluted valuation is $707.26m. Supply currently stands at 325.99m circulating, 337.55m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 6.8% over the past 7 days and down 25.7% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 95.2% 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 $23.678b in DEX volume over the past 30 days.