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PancakeSwap(CAKE)

Total Value Locked$2.23b

TVL by Chain

BSC$2.163b

Ethereum$28.27m

Base$20.11m

Arbitrum$7.34m

Solana$5.66m

Robinhood Chain$3.13m

Monad$1.13m

Aptos$943,772

ZKsync Era$517,465

Linea$185,078

opBNB$126,334

Arc$2,479

Polygon zkEVM$0

Key Metrics

Fees 30d$10.61m
Fees 30d by chain

BSC$9.97m

Base$360,256

Ethereum$112,800

Solana$75,293

Arbitrum$64,686

Monad$16,213

Robinhood Chain$5,800

Aptos$2,983

opBNB$514.56

ZKsync Era$441.31

Linea$191.10

Fees 7d$2.27m

BSC$2.09m

Base$94,091

Ethereum$50,645

Solana$15,933

Arbitrum$13,087

Monad$3,457

Robinhood Chain$694.74

Aptos$576

opBNB$199.74

ZKsync Era$149.46

Linea$32.89

Fees 24h$290,600

BSC$271,163

Base$13,428

Solana$2,361

Ethereum$1,892

Arbitrum$1,349

Monad$267

Aptos$53

Robinhood Chain$47.49

opBNB$25.81

ZKsync Era$7.29

Linea$6.85

Cumulative Fees$1.466b

BSC$1.409b

Base$25.44m

Ethereum$13.66m

Arbitrum$7.03m

Solana$3.28m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.11m

Linea$954,979

opBNB$351,149

Robinhood Chain$124,077

Polygon zkEVM$31,888

Revenue 30d$3.58m
Revenue 30d by chain

BSC$3.38m

Base$119,458

Ethereum$36,461

Arbitrum$21,365

Solana$13,831

Monad$5,397

Robinhood Chain$1,881

Aptos$955.25

opBNB$164.49

ZKsync Era$143.44

Linea$62.21

Revenue 7d$779,621

BSC$723,059

Base$31,155

Ethereum$16,412

Arbitrum$4,332

Solana$2,978

Monad$1,150

Robinhood Chain$228.82

Aptos$184.78

opBNB$64.28

ZKsync Era$48.14

Linea$10.75

Revenue 24h$101,941

BSC$95,936

Base$4,425

Ethereum$609

Arbitrum$449.21

Solana$387

Monad$90

Aptos$17

Robinhood Chain$15.16

opBNB$8.37

ZKsync Era$2.39

Linea$2.23

Cumulative Revenue$483.12m

BSC$464.86m

Base$8.35m

Ethereum$4.53m

Arbitrum$2.32m

Aptos$1.02m

ZKsync Era$617,381

Solana$575,309

Monad$365,973

Linea$312,850

opBNB$112,456

Robinhood Chain$39,874

Polygon zkEVM$10,351

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

BSC$2.24m

Base$55,610

Ethereum$23,416

Arbitrum$11,979

Solana$7,226

Monad$2,907

Robinhood Chain$1,139

Aptos$688.27

opBNB$117.90

ZKsync Era$93.11

Linea$38.58

Holders Revenue 7d$502,009

BSC$472,573

Base$14,471

Ethereum$10,166

Arbitrum$2,343

Solana$1,500

Monad$625

Aptos$132.18

Robinhood Chain$114.07

opBNB$46.14

ZKsync Era$32.62

Linea$6.55

Holders Revenue 24h$67,522

BSC$64,573

Base$2,055

Ethereum$409

Arbitrum$224.57

Solana$185

Monad$46

Aptos$12

Robinhood Chain$7.55

opBNB$5.98

ZKsync Era$1.41

Linea$1.38

Cumulative Holders Revenue$312.47m

BSC$302.34m

Base$4.55m

Ethereum$2.45m

Arbitrum$1.2m

Aptos$736,647

ZKsync Era$397,747

Solana$293,090

Monad$204,278

Linea$184,301

opBNB$80,422

Robinhood Chain$27,604

Polygon zkEVM$5,640

Incentives 1y$13.77m

Incentives 30d$1.67m

Incentives 7d$288,291

Incentives 24h$0

Cumulative Incentives$111.34m

Earnings (Annualized)$47.49m

Earnings 30d$1.9m

Earnings 7d$491,331

Earnings 24h$101,941

Cumulative Earnings$371.78m

DEX Volume 30d$22.989b
DEX Volume 30d by chain

BSC$19.47b

Base$2.618b

Solana$397.64m

Ethereum$295.52m

Arbitrum$158.1m

Robinhood Chain$25.52m

Monad$22.54m

Aptos$1.19m

ZKsync Era$578,692

Linea$427,746

opBNB$177,594

DEX Volume 7d$5.818b

BSC$4.773b

Base$723.93m

Ethereum$178.67m

Solana$93.26m

Arbitrum$38.1m

Robinhood Chain$5.66m

Monad$4.73m

Aptos$230,098

ZKsync Era$124,767

Linea$82,288

opBNB$51,417

DEX Volume 24h$712.53m

BSC$580.25m

Base$108.05m

Solana$15.02m

Arbitrum$5.45m

Ethereum$2.86m

Monad$422,953

Robinhood Chain$409,162

Aptos$21,180

ZKsync Era$20,712

Linea$14,090

opBNB$7,875

Cumulative DEX Volume$2.137t

BSC$1.928t

Base$120.833b

Arbitrum$39.02b

Ethereum$25.53b

Solana$15.672b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.431b

opBNB$387.19m

Polygon zkEVM$161.48m

Robinhood Chain$90.92m

Aptos$25.11m

DEX Notional Volume 30d$9.51m
DEX Notional Volume 30d by chain

BSC$9.51m

DEX Notional Volume 7d$2.43m

BSC$2.43m

DEX Notional Volume 24h$395,523

BSC$395,523

Cumulative DEX Notional Volume$726.51m

BSC$726.51m

DEX Aggregator Volume 30d$1.261b

DEX Aggregator Volume 7d$281.91m

DEX Aggregator Volume 24h$35.51m

Cumulative DEX Aggregator Volume$2.931b

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$614.85m

$CAKE Price$1.87

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$636.48m

$CAKE Volume 24h$36.4m

CEX Volume$8.79m

DEX Volume$37.38m(102.69% of total)

Staked$48.15m(7.83% 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 Tracked152

Average Supply APY8.72%

User Activity

Active Addresses (24h)359,635

Transactions (24h)3.93m

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 3, 2026.

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

Daily TVL, Oct 5, 2026 to Nov 3, 2026

DateTVL
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
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

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 3, 2026 (latest)$2.229b

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)$521,036$189,218$128,635

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 3, 2026, PancakeSwap has $2.23b in total value locked. TVL has decreased 4.7% 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 $10.61m in fees. Of that, $3.58m was protocol revenue. Based on the trailing year, the annualized rate is $181.61m in fees and $61.26m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $1.90. Its circulating market capitalization is $622.49m, ranking it #127. Its fully diluted valuation is $644.39m. Supply currently stands at 328.25m circulating, 339.8m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 9.7% over the past 7 days and down 24.9% 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 $22.989b in DEX volume over the past 30 days.