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PancakeSwap(CAKE)

Total Value Locked$2.131b

TVL by Chain

BSC$2.06b

Ethereum$28.13m

Base$21.77m

Arbitrum$8.02m

Solana$6.22m

Robinhood Chain$2.9m

Monad$1.3m

Aptos$1.02m

ZKsync Era$633,424

Linea$193,362

opBNB$134,081

Polygon zkEVM$0

Key Metrics

Fees 30d$14.58m
Fees 30d by chain

BSC$13.88m

Base$445,726

Solana$82,808

Arbitrum$66,250

Ethereum$63,515

Monad$25,329

Robinhood Chain$10,247

Aptos$3,929

opBNB$495

ZKsync Era$456.91

Linea$263.63

Fees 7d$2.5m

BSC$2.36m

Base$90,206

Solana$20,183

Ethereum$16,502

Arbitrum$13,611

Monad$3,498

Robinhood Chain$2,107

Aptos$874

ZKsync Era$145.04

Linea$57.02

opBNB$52.17

Fees 24h$262,995

BSC$251,344

Base$7,691

Solana$1,425

Ethereum$1,027

Arbitrum$985.44

Monad$369

Aptos$76

Robinhood Chain$56.20

opBNB$8.80

ZKsync Era$7.58

Linea$4.52

Cumulative Fees$1.461b

BSC$1.404b

Base$25.25m

Ethereum$13.57m

Arbitrum$6.99m

Solana$3.24m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,885

opBNB$350,895

Robinhood Chain$121,299

Polygon zkEVM$31,888

Revenue 30d$4.82m
Revenue 30d by chain

BSC$4.61m

Base$147,447

Arbitrum$22,027

Ethereum$20,527

Solana$13,545

Monad$8,443

Robinhood Chain$3,319

Aptos$1,257

opBNB$158.19

ZKsync Era$149.01

Linea$85.86

Revenue 7d$840,122

BSC$795,003

Base$29,902

Ethereum$5,346

Arbitrum$4,540

Solana$3,123

Monad$1,168

Robinhood Chain$679.46

Aptos$279

ZKsync Era$47.48

Linea$18.66

opBNB$16.82

Revenue 24h$90,115

BSC$86,499

Base$2,530

Ethereum$334

Arbitrum$326.67

Solana$255

Monad$122

Aptos$24

Robinhood Chain$18.02

opBNB$2.82

ZKsync Era$2.47

Linea$1.46

Cumulative Revenue$481.35m

BSC$463.21m

Base$8.28m

Ethereum$4.5m

Arbitrum$2.31m

Aptos$1.02m

ZKsync Era$617,305

Solana$567,738

Monad$363,228

Linea$312,819

opBNB$112,375

Robinhood Chain$38,972

Polygon zkEVM$10,351

Holders Revenue 30d$3.19m
Holders Revenue 30d by chain

BSC$3.08m

Base$71,396

Ethereum$13,258

Arbitrum$11,640

Solana$6,813

Monad$4,484

Robinhood Chain$2,065

Aptos$902.09

opBNB$113.09

ZKsync Era$95.68

Linea$54.28

Holders Revenue 7d$552,142

BSC$529,548

Base$13,952

Ethereum$3,353

Arbitrum$2,393

Solana$1,596

Monad$612

Robinhood Chain$431.23

Aptos$201

ZKsync Era$30.92

Linea$12.05

opBNB$11.99

Holders Revenue 24h$60,195

BSC$58,392

Base$1,192

Ethereum$206

Arbitrum$177.51

Solana$128

Monad$69

Aptos$18

Robinhood Chain$8.89

opBNB$2.01

ZKsync Era$1.55

Linea$0.98

Cumulative Holders Revenue$311.32m

BSC$301.25m

Base$4.52m

Ethereum$2.43m

Arbitrum$1.19m

Aptos$736,347

ZKsync Era$397,697

Solana$289,113

Monad$202,771

Linea$184,282

opBNB$80,364

Robinhood Chain$27,057

Polygon zkEVM$5,640

Incentives 1y$14.07m

Incentives 30d$1.56m

Incentives 7d$362,174

Incentives 24h$0

Cumulative Incentives$110.4m

Earnings (Annualized)$52.92m

Earnings 30d$3.27m

Earnings 7d$477,948

Earnings 24h$90,115

Cumulative Earnings$370.94m

DEX Volume 30d$24.279b
DEX Volume 30d by chain

BSC$20.358b

Base$3.041b

Solana$435.02m

Arbitrum$210.92m

Ethereum$158.2m

Robinhood Chain$37.27m

Monad$36.23m

Aptos$1.55m

ZKsync Era$644,438

Linea$592,810

opBNB$200,396

DEX Volume 7d$5.227b

BSC$4.418b

Base$612.63m

Solana$99.2m

Ethereum$48.76m

Arbitrum$36.17m

Robinhood Chain$7.1m

Monad$5.15m

Aptos$349,042

ZKsync Era$200,311

Linea$97,403

opBNB$21,430

DEX Volume 24h$660.6m

BSC$594.01m

Base$51.41m

Solana$8.18m

Ethereum$3.35m

Arbitrum$2.68m

Robinhood Chain$493,965

Monad$437,906

Aptos$30,552

ZKsync Era$13,078

Linea$4,973

opBNB$3,591

Cumulative DEX Volume$2.124t

BSC$1.917t

Base$119.403b

Arbitrum$38.938b

Ethereum$25.259b

Solana$15.461b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.42b

opBNB$387.12m

Polygon zkEVM$161.48m

Robinhood Chain$78.68m

Aptos$24.59m

DEX Notional Volume 30d$8.09m
DEX Notional Volume 30d by chain

BSC$8.09m

DEX Notional Volume 7d$2.04m

BSC$2.04m

DEX Notional Volume 24h$344,593

BSC$344,593

Cumulative DEX Notional Volume$721.26m

BSC$721.26m

DEX Aggregator Volume 30d$966.57m

DEX Aggregator Volume 7d$325.99m

DEX Aggregator Volume 24h$83.92m

Cumulative DEX Aggregator Volume$1.953b

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$699.46m

$CAKE Price$2.20

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$724.94m

$CAKE Volume 24h$70.14m

CEX Volume$18.26m

DEX Volume$51.69m(73.69% of total)

Staked$57.16m(8.17% 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 Tracked106

Average Supply APY4.02%

User Activity

Active Addresses (24h)353,901

Transactions (24h)3.57m

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 18, 2026.

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

Daily TVL, Sep 19, 2026 to Oct 18, 2026

DateTVL
Sep 19, 2026$2.324b
Sep 20, 2026$2.318b
Sep 21, 2026$2.354b
Sep 22, 2026$2.359b
Sep 23, 2026$2.362b
Sep 24, 2026$2.356b
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$2.134b

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 18, 2026 (latest)$2.134b

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)$7.12m$2.36m$1.57m

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 18, 2026, PancakeSwap has $2.131b in total value locked. TVL has decreased 6.3% 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 96.7%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $14.58m in fees. Of that, $4.82m was protocol revenue. Based on the trailing year, the annualized rate is $199.06m in fees and $66.99m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.20. Its circulating market capitalization is $698.91m, ranking it #125. Its fully diluted valuation is $724.37m. Supply currently stands at 317.95m circulating, 329.54m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 2.5% over the past 7 days and down 9.6% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 95% 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 $24.279b in DEX volume over the past 30 days.