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PancakeSwap(CAKE)

Total Value Locked$1.992b

TVL by Chain

BSC$1.929b

Ethereum$26.75m

Base$19.02m

Arbitrum$6.15m

Solana$5.75m

Robinhood Chain$3.03m

Monad$864,447

Aptos$849,134

ZKsync Era$418,318

Linea$159,810

opBNB$117,718

Arc$1,867

Polygon zkEVM$0

Key Metrics

Fees 30d$10.44m
Fees 30d by chain

BSC$9.77m

Base$393,628

Ethereum$107,187

Solana$88,303

Arbitrum$67,196

Monad$12,612

Robinhood Chain$3,809

Aptos$2,492

ZKsync Era$717.91

opBNB$450.09

Linea$179.32

Fees 7d$2.35m

BSC$2.19m

Base$107,382

Solana$30,047

Arbitrum$10,838

Ethereum$8,133

Monad$1,972

Aptos$659

Robinhood Chain$509.44

ZKsync Era$341.05

opBNB$67.23

Linea$44.40

Fees 24h$405,044

BSC$370,592

Base$23,568

Solana$6,440

Arbitrum$2,142

Ethereum$1,563

Monad$356

Aptos$204

ZKsync Era$90.94

Robinhood Chain$65.57

opBNB$11.12

Linea$11

Cumulative Fees$1.47b

BSC$1.413b

Base$25.62m

Ethereum$13.68m

Arbitrum$7.05m

Solana$3.33m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.11m

Linea$955,055

opBNB$351,334

Robinhood Chain$124,945

Polygon zkEVM$31,888

Revenue 30d$3.58m
Revenue 30d by chain

BSC$3.36m

Base$130,463

Ethereum$34,660

Arbitrum$22,153

Solana$17,656

Monad$4,199

Robinhood Chain$1,236

Aptos$795.14

ZKsync Era$233.13

opBNB$144.38

Linea$58.23

Revenue 7d$815,074

BSC$765,025

Base$35,585

Solana$7,024

Arbitrum$3,619

Ethereum$2,637

Monad$660

Aptos$209

Robinhood Chain$164.21

ZKsync Era$111.28

opBNB$21.67

Linea$14.52

Revenue 24h$135,829

BSC$124,759

Base$7,822

Solana$1,782

Arbitrum$718.04

Ethereum$505

Monad$119

Aptos$65

ZKsync Era$30.30

Robinhood Chain$21.18

Linea$3.59

opBNB$3.58

Cumulative Revenue$484.7m

BSC$466.35m

Base$8.41m

Ethereum$4.54m

Arbitrum$2.33m

Aptos$1.03m

ZKsync Era$617,529

Solana$584,677

Monad$367,172

Linea$312,874

opBNB$112,516

Robinhood Chain$40,156

Polygon zkEVM$10,351

Holders Revenue 30d$2.33m
Holders Revenue 30d by chain

BSC$2.22m

Base$60,374

Ethereum$22,207

Arbitrum$12,648

Solana$8,883

Monad$2,256

Robinhood Chain$746.27

Aptos$574.76

ZKsync Era$151.86

opBNB$103.29

Linea$35.64

Holders Revenue 7d$518,263

BSC$494,171

Base$16,468

Solana$3,396

Arbitrum$1,851

Ethereum$1,684

Monad$337

Aptos$151

Robinhood Chain$111.02

ZKsync Era$72.12

opBNB$15.27

Linea$8.23

Holders Revenue 24h$82,189

BSC$76,933

Base$3,585

Solana$847

Arbitrum$345.49

Ethereum$334

Monad$62

Aptos$47

ZKsync Era$17.22

Robinhood Chain$14.13

opBNB$2.45

Linea$1.99

Cumulative Holders Revenue$313.49m

BSC$303.32m

Base$4.58m

Ethereum$2.45m

Arbitrum$1.2m

Aptos$736,877

ZKsync Era$397,842

Solana$297,636

Monad$204,891

Linea$184,316

opBNB$80,464

Robinhood Chain$27,778

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)$42.62m

Earnings 30d$2.58m

Earnings 7d$750,012

Earnings 24h$135,829

Cumulative Earnings$373.29m

DEX Volume 30d$25.406b
DEX Volume 30d by chain

BSC$21.441b

Base$2.947b

Solana$536.79m

Ethereum$287.95m

Arbitrum$156.04m

Monad$17.68m

Robinhood Chain$17.03m

Aptos$997,185

ZKsync Era$872,160

Linea$453,908

opBNB$129,763

DEX Volume 7d$6.467b

BSC$5.382b

Base$809.65m

Solana$217.4m

Arbitrum$36.08m

Ethereum$16.97m

Monad$3.1m

Robinhood Chain$903,570

ZKsync Era$422,322

Aptos$263,510

Linea$174,029

opBNB$29,120

DEX Volume 24h$1.248b

BSC$1.003b

Base$181.12m

Solana$52.82m

Arbitrum$8.03m

Ethereum$2.55m

Monad$538,355

ZKsync Era$181,804

Robinhood Chain$115,920

Aptos$81,605

Linea$44,134

opBNB$6,383

Cumulative DEX Volume$2.148t

BSC$1.937t

Base$122.209b

Arbitrum$39.089b

Ethereum$25.642b

Solana$15.976b

ZKsync Era$4.403b

Linea$1.951b

Monad$1.437b

opBNB$387.24m

Polygon zkEVM$161.48m

Robinhood Chain$94.27m

Aptos$25.51m

DEX Notional Volume 30d$11.03m
DEX Notional Volume 30d by chain

BSC$11.03m

DEX Notional Volume 7d$2.86m

BSC$2.86m

DEX Notional Volume 24h$397,901

BSC$397,901

Cumulative DEX Notional Volume$731.3m

BSC$731.3m

DEX Aggregator Volume 30d$1.362b

DEX Aggregator Volume 7d$279.54m

DEX Aggregator Volume 24h$38.87m

Cumulative DEX Aggregator Volume$3.603b

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$544.23m

$CAKE Price$1.59

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$562.45m

$CAKE Volume 24h$52.65m

CEX Volume$19.43m

DEX Volume$35.46m(67.35% of total)

Staked$40.12m(7.37% 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 Tracked168

Average Supply APY16.49%

Largest Pools by TVL

WETH-GFCArbitrum$67.52m

USDC-USDTEthereum$17.61m

Cake-WBNBBSC$7.81m

WETH-cbBTCBase$4.16m

WETH-USDCBase$3.72m

All pools above $1m (8)
View all Yields

User Activity

Active Addresses (24h)360,462

Transactions (24h)5.14m

PancakeSwap history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Apr 22, 2021 to Nov 15, 2026.

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

Daily TVL, Oct 17, 2026 to Nov 15, 2026

DateTVL
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$2.172b
Nov 13, 2026$2.134b
Nov 14, 2026$2.078b
Nov 15, 2026$1.974b

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 15, 2026 (latest)$1.974b

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)$5.12m$1.76m$1.15m

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 15, 2026, PancakeSwap has $1.992b in total value locked. TVL has increased 0.3% 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 96.8%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $10.44m in fees. Of that, $3.58m was protocol revenue. Based on the trailing year, the annualized rate is $166.08m in fees and $56.07m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $1.59. Its circulating market capitalization is $544.23m, ranking it #127. Its fully diluted valuation is $562.45m. Supply currently stands at 344.25m circulating, 355.78m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 15.4% over the past 7 days and down 27% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 96.4% 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 $25.406b in DEX volume over the past 30 days.