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PancakeSwap(CAKE)

Total Value Locked$2.368b

TVL by Chain

BSC$2.298b

Ethereum$28.37m

Base$21.86m

Arbitrum$8.07m

Solana$6.16m

Robinhood Chain$2.76m

Monad$1.32m

Aptos$985,104

ZKsync Era$568,433

Linea$188,943

opBNB$123,679

Polygon zkEVM$0

Key Metrics

Fees 30d$12.71m
Fees 30d by chain

BSC$12.1m

Base$389,153

Solana$70,159

Ethereum$63,478

Arbitrum$57,121

Monad$22,897

Robinhood Chain$6,917

Aptos$3,317

opBNB$457.69

ZKsync Era$385.92

Linea$243.43

Fees 7d$2.29m

BSC$2.16m

Base$77,049

Solana$16,478

Ethereum$13,995

Arbitrum$11,101

Monad$3,233

Robinhood Chain$1,939

Aptos$594

ZKsync Era$57.18

Linea$42.48

opBNB$34.16

Fees 24h$339,297

BSC$321,845

Base$10,740

Ethereum$2,439

Solana$2,238

Arbitrum$1,402

Monad$471

Aptos$72

Robinhood Chain$61.98

Linea$14

ZKsync Era$10.58

opBNB$3.78

Cumulative Fees$1.463b

BSC$1.406b

Base$25.32m

Ethereum$13.59m

Arbitrum$7m

Solana$3.26m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,923

opBNB$350,921

Robinhood Chain$123,182

Polygon zkEVM$31,888

Revenue 30d$4.23m
Revenue 30d by chain

BSC$4.04m

Base$129,047

Ethereum$20,509

Arbitrum$19,004

Solana$12,319

Monad$7,633

Robinhood Chain$2,244

Aptos$1,061

opBNB$146.20

ZKsync Era$125.75

Linea$79.07

Revenue 7d$777,225

BSC$738,271

Base$25,581

Ethereum$4,523

Arbitrum$3,708

Solana$3,208

Monad$1,076

Robinhood Chain$624.95

Aptos$189

ZKsync Era$18.72

Linea$13.74

opBNB$10.93

Revenue 24h$116,517

BSC$111,048

Base$3,565

Ethereum$786

Arbitrum$469.23

Solana$439

Monad$158

Aptos$23

Robinhood Chain$19.91

Linea$4.43

ZKsync Era$3.43

opBNB$1.21

Cumulative Revenue$482.04m

BSC$463.86m

Base$8.31m

Ethereum$4.51m

Arbitrum$2.31m

Aptos$1.02m

ZKsync Era$617,322

Solana$570,691

Monad$364,182

Linea$312,831

opBNB$112,383

Robinhood Chain$39,579

Polygon zkEVM$10,351

Holders Revenue 30d$2.79m
Holders Revenue 30d by chain

BSC$2.69m

Base$60,731

Ethereum$13,307

Arbitrum$9,952

Solana$6,297

Monad$4,051

Robinhood Chain$1,364

Aptos$763.09

opBNB$104.68

ZKsync Era$79.84

Linea$49.89

Holders Revenue 7d$507,898

BSC$488,397

Base$11,859

Ethereum$2,944

Arbitrum$1,903

Solana$1,642

Monad$579

Robinhood Chain$408.22

Aptos$138

ZKsync Era$11.59

Linea$8.58

opBNB$7.82

Holders Revenue 24h$74,466

BSC$71,688

Base$1,666

Ethereum$530

Arbitrum$239.29

Solana$231

Monad$79

Aptos$17

Robinhood Chain$10.02

Linea$3.05

ZKsync Era$2.21

opBNB$0.87

Cumulative Holders Revenue$311.77m

BSC$301.69m

Base$4.53m

Ethereum$2.43m

Arbitrum$1.19m

Aptos$736,467

ZKsync Era$397,707

Solana$290,627

Monad$203,281

Linea$184,290

opBNB$80,369

Robinhood Chain$27,457

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)$50.63m

Earnings 30d$2.73m

Earnings 7d$446,981

Earnings 24h$116,517

Cumulative Earnings$371.31m

DEX Volume 30d$23.469b
DEX Volume 30d by chain

BSC$19.941b

Base$2.761b

Solana$376.18m

Arbitrum$177.94m

Ethereum$147.31m

Monad$33.34m

Robinhood Chain$29.69m

Aptos$1.32m

ZKsync Era$616,692

Linea$513,159

opBNB$183,093

DEX Volume 7d$5.731b

BSC$5.025b

Base$541.27m

Solana$95.03m

Arbitrum$31.05m

Ethereum$28.35m

Robinhood Chain$5.4m

Monad$4.47m

Aptos$237,859

ZKsync Era$94,543

Linea$87,478

opBNB$13,896

DEX Volume 24h$1.014b

BSC$916.65m

Base$77.21m

Solana$12.33m

Arbitrum$3.99m

Ethereum$2.72m

Monad$764,998

Robinhood Chain$521,662

Aptos$28,972

Linea$11,851

ZKsync Era$11,357

opBNB$1,469

Cumulative DEX Volume$2.129t

BSC$1.921t

Base$119.894b

Arbitrum$38.967b

Ethereum$25.309b

Solana$15.548b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.424b

opBNB$387.13m

Polygon zkEVM$161.48m

Robinhood Chain$83.58m

Aptos$24.8m

DEX Notional Volume 30d$8.51m
DEX Notional Volume 30d by chain

BSC$8.51m

DEX Notional Volume 7d$2.32m

BSC$2.32m

DEX Notional Volume 24h$340,576

BSC$340,576

Cumulative DEX Notional Volume$723.47m

BSC$723.47m

DEX Aggregator Volume 30d$1.197b

DEX Aggregator Volume 7d$467.82m

DEX Aggregator Volume 24h$21.98m

Cumulative DEX Aggregator Volume$2.486b

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$651.45m

$CAKE Price$2.05

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$675.16m

$CAKE Volume 24h$58.27m

CEX Volume$13.11m

DEX Volume$45.19m(77.56% of total)

Staked$53.42m(8.2% 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 Tracked110

Average Supply APY10.81%

User Activity

Active Addresses (24h)386,875

Transactions (24h)4.66m

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 24, 2026.

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

Daily TVL, Sep 25, 2026 to Oct 24, 2026

DateTVL
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$2.397b
Oct 22, 2026$2.403b
Oct 23, 2026$2.373b
Oct 24, 2026$2.377b

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 24, 2026 (latest)$2.377b

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)$9.15m$3.06m$2.02m

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 24, 2026, PancakeSwap has $2.368b 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 97%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $12.71m in fees. Of that, $4.23m was protocol revenue. Based on the trailing year, the annualized rate is $191.79m in fees and $64.6m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.07. Its circulating market capitalization is $656.71m, ranking it #127. Its fully diluted valuation is $680.61m. Supply currently stands at 317.76m circulating, 329.33m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 7.3% over the past 7 days and down 25.2% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 95.3% 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 $23.469b in DEX volume over the past 30 days.