24h Change-5.08%
All Time HighApr 30, 2021$43.96
All Time LowNov 3, 2020$0.19
Market Cap$437.82m
Fully Diluted Valuation$538.67m
Circ. Supply325.12m CAKE
Max Supply400m CAKE
CEX Volume$20.61m
DEX Volume$24.82m
PancakeSwap AMM · BSC$14.19m
Uniswap V3 · BSC$8.87m
PancakeSwap AMM V3 · Ethereum$412,968
PancakeSwap AMM V3 · Base$339,394
PancakeSwap AMM V3 · Arbitrum$43,502
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $22.17M | $36.92M | $95.64M | $169.83M | $94.37M | $107.91M | $105.53M | $41.77M | $58.11M | $106.33M | $41.21M | $39.71M | $67.83M | $46.07M | $48.40M | $53.93M | $118.10M | $142.22M | $310.99M | $160.03M | $229.25M |
| Token Swap Fees | $12.74M | $25.33M | $4.66M | $1.08M | $795.96K | $87.39K | $28.47M | $15.30M | $19.62M | $30.75M | $10.69M | $4.01M | $3.41M | $1.97K | |||||||
Cost of Revenue | $14.57M | $24.17M | $63.87M | $114.14M | $62.61M | $71.87M | $70.25M | $28.10M | $39.32M | $71.99M | $26.49M | $24.64M | $44.98M | $31.33M | $32.91M | $36.67M | $80.31M | $96.71M | $211.47M | $108.82M | $155.89M |
| Swap Fees To Liquidity Providers | $8.66M | $17.23M | $3.37M | $733.21K | $336.08K | $4.37K | $19.13M | $10.24M | $13.15M | $20.60M | $7.22M | $2.72M | $2.30M | $101 | |||||||
Gross Profit | $7.57M | $12.72M | $30.59M | $53.75M | $29.42M | $35.97M | $35.21M | $13.61M | $18.74M | $34.16M | $12.53M | $11.61M | $21.19M | $14.74M | $15.23M | $17.26M | $37.79M | $45.51M | $99.51M | $51.21M | $73.36M |
| Swap Fees To Protocol | $1.67M | $3.78M | $60.43K | $4.50K | $22.77K | $4.37K | $3.57M | $2.09M | $2.56M | $3.60M | $1.20M | $414.30K | $401.15K | $101 | |||||||
| Swap Fees To Holders | $2.39M | $4.30M | $67.03K | $18.02K | $91.08K | $17.48K | $5.70M | $2.92M | $3.85M | $6.37M | $2.25M | $881.74K | $710.08K | $393 | |||||||
Incentives | $2.01M | $3.06M | $4.88M | $5.11M | $6.28M | $7.01M | $4.40M | $5.47M | $8.43M | $4.90M | $3.26M | $7.87M | $12.27M | $2.16M | $2.40M | $8.89M | $16.83M | $0 | $0 | $0 | $0 |
| Lottery | $373.46K | $567.42K | $906.62K | $958.80K | $2.44M | $785.57K | $866.97K | $716.30K | $1.95M | $1.03M | $715.96K | $1.18M | $4.02M | $1.38M | $2.32M | $8.89M | $16.83M | ||||
| v3 Farms | $864.28K | $1.66M | $3.45M | $3.93M | $2.59M | $2.77M | $3.53M | $2.51M | $3.12M | $3.86M | $2.55M | $2.63M | $4.29M | $777.14K | $81.94K | ||||||
| v2 + StableSwap | $776.24K | $833.79K | $530.03K | $174.77K | $965.27K | $3.45M | $2.24M | $3.34M | $4.05M | $3.95M | |||||||||||
| Infinity | $47.42K | $272.08K | |||||||||||||||||||
Earnings | $5.55M | $9.66M | $25.70M | $48.63M | $23.13M | $28.96M | $30.81M | $8.14M | $10.31M | $29.25M | $9.27M | $3.73M | $8.91M | $12.58M | $12.83M | $8.36M | $20.96M | $45.51M | $99.51M | $51.21M | $73.36M |
Token Holder Net Income | $4.79M | $7.80M | $19.86M | $36.95M | $15.38M | $20.01M | $23.20M | $7.75M | $10.83M | $23.75M | $8.77M | $8.29M | $15.14M | $10.59M | $11.13M | $12.40M | $27.16M | $32.71M | $71.52M | $36.80M | $52.72M |
| Buy Back And Burn CAKE | $2.39M | $4.30M | $67.03K | $18.02K | $91.08K | $17.48K | $5.70M | $2.92M | $3.85M | $6.37M | $2.25M | $881.74K | $710.08K | $393 |
How much debt can be issued against CAKE as collateral across lending protocols.
Maximum possible exposure to CAKE
$7.37m
$6.9m (max additional borrows against CAKE) + $468,523 (bad debt if CAKE was hacked now)
Venus Core Pool
$7.37m at-risk exposure = $468,523 bad debt if hacked + $6.9m additional borrowable against CAKE
Showing collateral exposure for CAKE on BSC. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for CAKE as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
CAKE0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82 | $6.9m | $468,523 |
Risk-management actions published about CAKE by tracked risk managers and governance contributors, newest first.
CAKE is listed as acceptable collateral for minting rUSD on BSC, but the overall protocol's upgradeable contracts and oracle uncertainties expose positions backed by it to potential manipulation or liquidation failures.
CAKE is the governance and utility token of PancakeSwap, enabling holders to participate in snapshot voting on protocol upgrades and fee adjustments, stake for rewards and receive access to token launches via CAKE.PAD. Ongoing deflationary burns are funded by trading fees and ecosystem products.
1 CAKE = 1 vote, All CAKE holders have direct voting rights. Only PancakeSwap Core Team can propose Core Proposals, community can propose ideas with 10,000 CAKE balance
Voting power directly corresponds to the number of CAKE held in wallet address during snapshot
Treasury is not controlled by DAO or token holders
CAKE holders can vote on but not propose significant uses of ecosystem growth funds and protocol adjustments (product changes, fee changes)
Fees are used to buy back CAKE, which is then burned
Value accrues through buybacks and burns, reducing overall supply
CAKE emissions go to multichain farms, Lottery, ecosystem growth, buybacks and burns. PancakeSwap's focus is to scale volume growth by optimizing liquidity incentives and boost revenue per CAKE spent. A portion of spot trading fees goes to the treasury which is not controlled by the DAO.
Fees from perps, IFOs, Prediction / Lottery, liquidity pools are burned
Fees are used to buy back CAKE tokens
No dividend or revenue distribution is currently active
Weekly burns from product fees
An is required to view token usage.
An is required to view token liquidations.
An is required to view token unlocks.
Showing 10 of 25 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabCAKE-USDT | $359,669 | 9.00% | 9.00% | 4.40% | |||||
| open in new tabCAKE-WETH0.25% | $113,069 | 4.90% | 4.90% | 4.01% | |||||
| open in new tabCAKE-WETH1% | $105,706 | 8.15% | 8.15% | 13.76% | |||||
| open in new tabCAKE-比特币1% | $86,600 | 9.09% | 9.09% | 9.57% | |||||
| open in new tabCAKE-USDC0.25% | $65,433 | 9.62% | 9.62% | 7.37% | |||||
| open in new tabCAKE-USDT0.30% | $59,669 | 24.32% | 24.32% | 10.92% | |||||
| open in new tabCAKE-USDC0.25% | $44,040 | 26.17% | 26.17% | 13.62% | |||||
| open in new tabCAKE-WETH0.25% | $39,474 | 18.16% | 18.16% | 33.64% | |||||
| open in new tabCAKE-USDC1% | $23,290 | 4.37% | 4.37% | 2.92% | |||||
| open in new tabCAKE-SATO1% | $19,752 | 4.47% | 4.47% | 13.92% |
Showing 10 of 66 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabCAKE ➞ SOLVBTC | $172.64m | -0.01% | 0.01% | -0.03% | 50% | $18.92m | $116,366 | ||
| open in new tabCAKE ➞ SOLVBTC | $172.64m | -0.01% | 0.01% | -0.03% | 60% | $74,843 | $1,839 | ||
| open in new tabCAKE ➞ WBETH | $19.47m | -0.05% | 0.01% | -0.12% | 50% | $18.92m | $116,366 | ||
| open in new tabCAKE ➞ WBETH | $19.47m | -0.06% | 0.01% | -0.12% | 60% | $74,843 | $1,839 | ||
| open in new tabCAKE ➞ DOGE | $6.81m | 0.01% | 0.01% | 0% | 50% | $18.92m | $116,366 | ||
| open in new tabCAKE ➞ DOGE | $6.81m | 0.01% | 0.01% | 0% | 60% | $74,843 | $1,839 | ||
| open in new tabCAKE ➞ UNI | $5.52m | -0.05% | 0.01% | -0.12% | 50% | $18.92m | $116,366 | ||
| open in new tabCAKE ➞ UNI | $5.52m | -0.07% | 0.01% | -0.12% | 60% | $74,843 | $1,839 | ||
| open in new tabCAKE ➞ TRX | $851,288 | 0.01% | 0.01% | 0% | 50% | $18.92m | $116,366 | ||
| open in new tabCAKE ➞ TRX | $851,288 | 0.01% | 0.01% | 0% | 60% | $74,843 | $1,839 |
