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PancakeSwap(CAKE)

Total Value Locked$2.389b

TVL by Chain

BSC$2.319b

Ethereum$28m

Base$21.81m

Arbitrum$7.98m

Solana$5.92m

Robinhood Chain$2.69m

Monad$1.29m

Aptos$976,201

ZKsync Era$568,802

Linea$187,961

opBNB$125,124

Polygon zkEVM$0

Key Metrics

Fees 30d$12.06m
Fees 30d by chain

BSC$11.45m

Base$373,518

Ethereum$74,760

Solana$67,091

Arbitrum$65,527

Monad$22,892

Robinhood Chain$6,696

Aptos$3,126

opBNB$436.90

ZKsync Era$361.45

Linea$231.79

Fees 7d$2.42m

BSC$2.27m

Base$77,779

Ethereum$29,921

Arbitrum$21,366

Solana$18,137

Monad$3,768

Robinhood Chain$596.74

Aptos$561

ZKsync Era$67.48

Linea$53.39

opBNB$44.02

Fees 24h$337,197

BSC$317,873

Base$11,623

Solana$2,705

Arbitrum$2,064

Ethereum$2,007

Monad$741

Aptos$85

Robinhood Chain$71.47

opBNB$9.34

Linea$9.20

ZKsync Era$8.28

Cumulative Fees$1.464b

BSC$1.407b

Base$25.35m

Ethereum$13.61m

Arbitrum$7.01m

Solana$3.27m

Aptos$3.2m

ZKsync Era$1.91m

Monad$1.1m

Linea$954,946

opBNB$350,949

Robinhood Chain$123,382

Polygon zkEVM$31,888

Revenue 30d$4.03m
Revenue 30d by chain

BSC$3.84m

Base$123,875

Ethereum$24,121

Arbitrum$21,657

Solana$12,280

Monad$7,623

Robinhood Chain$2,171

Aptos$1,000

opBNB$139.40

ZKsync Era$117.77

Linea$75.27

Revenue 7d$825,150

BSC$777,248

Base$25,796

Ethereum$9,620

Arbitrum$6,989

Solana$3,820

Monad$1,251

Robinhood Chain$195.24

Aptos$179

ZKsync Era$21.99

Linea$17.24

opBNB$14.08

Revenue 24h$114,833

BSC$108,789

Base$3,854

Arbitrum$684.41

Ethereum$650

Solana$551

Monad$246

Aptos$27

Robinhood Chain$23.79

opBNB$2.99

Linea$2.98

ZKsync Era$2.72

Cumulative Revenue$482.34m

BSC$464.14m

Base$8.32m

Ethereum$4.51m

Arbitrum$2.32m

Aptos$1.02m

ZKsync Era$617,333

Solana$572,331

Monad$364,823

Linea$312,839

opBNB$112,392

Robinhood Chain$39,645

Polygon zkEVM$10,351

Holders Revenue 30d$2.65m
Holders Revenue 30d by chain

BSC$2.55m

Base$57,990

Ethereum$15,900

Arbitrum$12,051

Solana$6,424

Monad$4,082

Robinhood Chain$1,331

Aptos$720.09

opBNB$99.80

ZKsync Era$74.02

Linea$47.35

Holders Revenue 7d$539,794

BSC$513,901

Base$11,967

Ethereum$6,608

Arbitrum$4,261

Solana$2,101

Monad$688

Aptos$130

Robinhood Chain$102.76

ZKsync Era$13.84

Linea$11.04

opBNB$10.07

Holders Revenue 24h$73,525

BSC$70,479

Base$1,784

Ethereum$415

Arbitrum$371.48

Solana$302

Monad$135

Aptos$20

Robinhood Chain$11.57

opBNB$2.14

Linea$1.94

ZKsync Era$1.58

Cumulative Holders Revenue$311.97m

BSC$301.87m

Base$4.54m

Ethereum$2.44m

Arbitrum$1.2m

Aptos$736,515

ZKsync Era$397,714

Solana$291,590

Monad$203,653

Linea$184,295

opBNB$80,376

Robinhood Chain$27,489

Polygon zkEVM$5,640

Incentives 1y$13.85m

Incentives 30d$1.81m

Incentives 7d$314,884

Incentives 24h$0

Cumulative Incentives$111.05m

Earnings (Annualized)$49.53m

Earnings 30d$2.22m

Earnings 7d$510,266

Earnings 24h$114,833

Cumulative Earnings$371.29m

DEX Volume 30d$23.567b
DEX Volume 30d by chain

BSC$20.158b

Base$2.678b

Solana$350.88m

Arbitrum$168.27m

Ethereum$148.6m

Monad$32.24m

Robinhood Chain$27.61m

Aptos$1.25m

ZKsync Era$626,795

Linea$484,250

opBNB$173,006

DEX Volume 7d$5.955b

BSC$5.223b

Base$564.49m

Solana$91.27m

Arbitrum$34.92m

Ethereum$31.66m

Monad$4.97m

Robinhood Chain$4.37m

Aptos$224,566

ZKsync Era$99,173

Linea$96,503

opBNB$16,158

DEX Volume 24h$825.78m

BSC$713.09m

Base$88.19m

Solana$13.64m

Arbitrum$4.83m

Ethereum$4.3m

Monad$989,172

Robinhood Chain$666,418

Aptos$34,058

ZKsync Era$19,744

Linea$14,146

opBNB$3,133

Cumulative DEX Volume$2.131t

BSC$1.923t

Base$120.109b

Arbitrum$38.982b

Ethereum$25.338b

Solana$15.578b

ZKsync Era$4.402b

Linea$1.95b

Monad$1.426b

opBNB$387.14m

Polygon zkEVM$161.48m

Robinhood Chain$85.26m

Aptos$24.88m

DEX Notional Volume 30d$8.86m
DEX Notional Volume 30d by chain

BSC$8.86m

DEX Notional Volume 7d$2.65m

BSC$2.65m

DEX Notional Volume 24h$329,202

BSC$329,202

Cumulative DEX Notional Volume$724.08m

BSC$724.08m

DEX Aggregator Volume 30d$1.178b

DEX Aggregator Volume 7d$251.6m

DEX Aggregator Volume 24h$17.34m

Cumulative DEX Aggregator Volume$2.553b

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$676.43m

$CAKE Price$2.07

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$700.41m

$CAKE Volume 24h$63.5m

CEX Volume$12.31m

DEX Volume$50.18m(79.02% of total)

Staked$53.87m(7.96% 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 Tracked153

Average Supply APY6.35%

User Activity

Active Addresses (24h)385,624

Transactions (24h)4.28m

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 27, 2026.

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

Daily TVL, Sep 28, 2026 to Oct 27, 2026

DateTVL
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
Oct 25, 2026$2.375b
Oct 26, 2026$2.371b
Oct 27, 2026$2.378b

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 27, 2026 (latest)$2.378b

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)$10.08m$3.37m$2.23m

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 27, 2026, PancakeSwap has $2.389b in total value locked. TVL has increased 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 97.1%.

How much has PancakeSwap generated in fees and revenue?

Over the past 30 days, PancakeSwap generated $12.06m in fees. Of that, $4.03m was protocol revenue. Based on the trailing year, the annualized rate is $188.05m in fees and $63.38m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.08. Its circulating market capitalization is $677.1m, ranking it #122. Its fully diluted valuation is $701.11m. Supply currently stands at 325.99m circulating, 337.55m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 6.2% over the past 7 days and down 25.3% 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 $23.567b in DEX volume over the past 30 days.