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PancakeSwap(CAKE)

Total Value Locked$2.373b

TVL by Chain

BSC$2.303b

Ethereum$28.28m

Base$21.81m

Arbitrum$8.01m

Solana$6.24m

Robinhood Chain$2.91m

Monad$1.23m

Aptos$1.01m

ZKsync Era$621,467

Linea$191,629

opBNB$134,735

Polygon zkEVM$0

Key Metrics

Fees 30d$13.89m
Fees 30d by chain

BSC$13.2m

Base$435,109

Solana$80,059

Arbitrum$63,524

Ethereum$63,370

Monad$24,800

Robinhood Chain$9,572

Aptos$3,586

opBNB$486.26

ZKsync Era$442.38

Linea$249.47

Fees 7d$2.45m

BSC$2.3m

Base$89,734

Solana$19,457

Ethereum$14,678

Arbitrum$14,147

Monad$3,564

Robinhood Chain$3,151

Aptos$740

ZKsync Era$111.29

Linea$50.78

opBNB$41.67

Fees 24h$289,757

BSC$272,479

Base$10,103

Solana$2,245

Arbitrum$1,732

Robinhood Chain$1,373

Ethereum$1,309

Monad$426

Aptos$68

ZKsync Era$11.20

opBNB$5.86

Linea$4.81

Cumulative Fees$1.461b

BSC$1.404b

Base$25.27m

Ethereum$13.58m

Arbitrum$6.99m

Solana$3.25m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,893

opBNB$350,905

Robinhood Chain$122,786

Polygon zkEVM$31,888

Revenue 30d$4.6m
Revenue 30d by chain

BSC$4.39m

Base$143,986

Arbitrum$21,115

Ethereum$20,482

Solana$13,171

Monad$8,266

Robinhood Chain$3,101

Aptos$1,147

opBNB$155.37

ZKsync Era$144.21

Linea$81.28

Revenue 7d$821,717

BSC$776,929

Base$29,749

Ethereum$4,767

Arbitrum$4,711

Solana$3,058

Monad$1,186

Robinhood Chain$1,015

Aptos$236

ZKsync Era$36.58

Linea$16.56

opBNB$13.36

Revenue 24h$97,784

BSC$92,400

Base$3,357

Arbitrum$580.54

Robinhood Chain$440

Ethereum$427

Solana$409

Monad$141

Aptos$22

ZKsync Era$3.70

opBNB$1.88

Linea$1.58

Cumulative Revenue$481.53m

BSC$463.38m

Base$8.29m

Ethereum$4.5m

Arbitrum$2.31m

Aptos$1.02m

ZKsync Era$617,311

Solana$568,511

Monad$363,572

Linea$312,822

opBNB$112,378

Robinhood Chain$39,450

Polygon zkEVM$10,351

Holders Revenue 30d$3.04m
Holders Revenue 30d by chain

BSC$2.93m

Base$69,484

Ethereum$13,217

Arbitrum$11,130

Solana$6,642

Monad$4,391

Robinhood Chain$1,926

Aptos$824.09

opBNB$111.17

ZKsync Era$92.41

Linea$51.22

Holders Revenue 7d$536,297

BSC$513,966

Base$13,870

Ethereum$2,911

Arbitrum$2,498

Solana$1,532

Robinhood Chain$667.69

Monad$639

Aptos$171

ZKsync Era$23.22

Linea$10.46

opBNB$9.53

Holders Revenue 24h$63,133

BSC$60,414

Base$1,569

Robinhood Chain$309

Arbitrum$294.38

Ethereum$247

Solana$199

Monad$80

Aptos$16

ZKsync Era$2.43

opBNB$1.34

Linea$0.92

Cumulative Holders Revenue$311.44m

BSC$301.36m

Base$4.52m

Ethereum$2.43m

Arbitrum$1.19m

Aptos$736,385

ZKsync Era$397,701

Solana$289,489

Monad$202,965

Linea$184,284

opBNB$80,366

Robinhood Chain$27,387

Polygon zkEVM$5,640

Incentives 1y$13.96m

Incentives 30d$1.89m

Incentives 7d$330,244

Incentives 24h$0

Cumulative Incentives$110.73m

Earnings (Annualized)$52.39m

Earnings 30d$2.71m

Earnings 7d$491,473

Earnings 24h$97,784

Cumulative Earnings$370.8m

DEX Volume 30d$23.65b
DEX Volume 30d by chain

BSC$19.837b

Base$2.962b

Solana$419.19m

Arbitrum$200.6m

Ethereum$156.8m

Robinhood Chain$35.83m

Monad$35.5m

Aptos$1.42m

ZKsync Era$642,372

Linea$555,902

opBNB$195,902

DEX Volume 7d$5.377b

BSC$4.562b

Base$610.57m

Solana$103.7m

Ethereum$50.6m

Arbitrum$36.34m

Robinhood Chain$8.09m

Monad$4.94m

Aptos$296,169

ZKsync Era$178,778

Linea$98,312

opBNB$17,158

DEX Volume 24h$705.28m

BSC$609.37m

Base$69.6m

Solana$13.68m

Ethereum$5.91m

Arbitrum$4.7m

Robinhood Chain$1.46m

Monad$521,306

Aptos$27,339

Linea$11,788

ZKsync Era$9,017

opBNB$2,440

Cumulative DEX Volume$2.126t

BSC$1.918t

Base$119.545b

Arbitrum$38.947b

Ethereum$25.281b

Solana$15.487b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.421b

opBNB$387.12m

Polygon zkEVM$161.48m

Robinhood Chain$80.89m

Aptos$24.66m

DEX Notional Volume 30d$8.13m
DEX Notional Volume 30d by chain

BSC$8.13m

DEX Notional Volume 7d$1.99m

BSC$1.99m

DEX Notional Volume 24h$203,360

BSC$203,360

Cumulative DEX Notional Volume$721.67m

BSC$721.67m

DEX Aggregator Volume 30d$1.104b

DEX Aggregator Volume 7d$449.95m

DEX Aggregator Volume 24h$111.58m

Cumulative DEX Aggregator Volume$2.367b

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$685.95m

$CAKE Price$2.16

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$710.95m

$CAKE Volume 24h$47.48m

CEX Volume$8.29m

DEX Volume$41.05m(86.47% of total)

Staked$56.37m(8.22% 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 Tracked108

Average Supply APY4.06%

User Activity

Active Addresses (24h)372,262

Transactions (24h)3.73m

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 20, 2026.

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

Daily TVL, Sep 21, 2026 to Oct 20, 2026

DateTVL
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$2.128b
Oct 19, 2026$2.38b
Oct 20, 2026$2.387b

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 20, 2026 (latest)$2.387b

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)$7.67m$2.55m$1.69m

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 20, 2026, PancakeSwap has $2.373b in total value locked. TVL has increased 2.4% 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 $13.89m in fees. Of that, $4.6m was protocol revenue. Based on the trailing year, the annualized rate is $197.16m in fees and $66.35m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.17. Its circulating market capitalization is $689.54m, ranking it #126. Its fully diluted valuation is $714.66m. Supply currently stands at 317.75m circulating, 329.33m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 5.3% over the past 7 days and down 11.9% over the past 30 days. Its all-time high is $43.96, reached on Apr 30, 2021. The token is currently 95.1% 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 $23.65b in DEX volume over the past 30 days.