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PancakeSwap(CAKE)

Total Value Locked$2.38b

TVL by Chain

BSC$2.311b

Ethereum$28m

Base$22.19m

Arbitrum$8m

Solana$5.93m

Robinhood Chain$2.68m

Monad$1.3m

Aptos$979,413

ZKsync Era$562,766

Linea$188,106

opBNB$126,161

Polygon zkEVM$0

Key Metrics

Fees 30d$11.79m
Fees 30d by chain

BSC$11.19m

Base$363,370

Ethereum$73,561

Solana$67,091

Arbitrum$64,312

Monad$22,051

Robinhood Chain$6,623

Aptos$3,055

opBNB$424.86

ZKsync Era$354.68

Linea$226.10

Fees 7d$2.09m

BSC$1.96m

Base$64,361

Ethereum$27,130

Arbitrum$19,176

Solana$14,743

Monad$3,140

Aptos$434

Robinhood Chain$417.74

ZKsync Era$61.22

Linea$50.12

opBNB$39.08

Fees 24h$32,115

BSC$32,060

Base$53.21

Arbitrum$2.13

Ethereum$0

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$3.94m
Revenue 30d by chain

BSC$3.75m

Base$120,523

Ethereum$23,732

Arbitrum$21,255

Solana$12,280

Monad$7,343

Robinhood Chain$2,146

Aptos$977.47

opBNB$135.55

ZKsync Era$115.57

Linea$73.43

Revenue 7d$720,578

BSC$679,764

Base$21,330

Ethereum$8,719

Arbitrum$6,257

Solana$3,141

Monad$1,042

Aptos$138

Robinhood Chain$137.24

ZKsync Era$19.93

Linea$16.16

opBNB$12.50

Revenue 24h$16,384

BSC$16,368

Base$15.09

Arbitrum$1.06

Ethereum$0

Cumulative Revenue$482.36m

BSC$464.16m

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$2.59m
Holders Revenue 30d by chain

BSC$2.5m

Base$56,365

Ethereum$15,658

Arbitrum$11,842

Solana$6,424

Monad$3,932

Robinhood Chain$1,319

Aptos$704.09

opBNB$97.04

ZKsync Era$72.56

Linea$46.12

Holders Revenue 7d$475,156

BSC$452,807

Base$9,915

Ethereum$6,011

Arbitrum$3,890

Solana$1,756

Monad$575

Aptos$101

Robinhood Chain$68.76

ZKsync Era$12.65

Linea$10.48

opBNB$8.94

Holders Revenue 24h$13,353

BSC$13,344

Base$7.54

Arbitrum$0.85

Ethereum$0

Cumulative Holders Revenue$311.98m

BSC$301.88m

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)$48.87m

Earnings 30d$2.13m

Earnings 7d$405,694

Earnings 24h$16,384

Cumulative Earnings$371.31m

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$25.339b

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$1.175b

DEX Aggregator Volume 7d$146.33m

DEX Aggregator Volume 24h$24.2m

Cumulative DEX Aggregator Volume$2.582b

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$674.59m

$CAKE Price$2.07

All Time High$43.96

All Time Low$0.19

View $CAKE token page

Fully Diluted Valuation$698.51m

$CAKE Volume 24h$62.71m

CEX Volume$11.98m

DEX Volume$50.09m(79.87% of total)

Staked$53.74m(7.97% 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 APY6.92%

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$2.38b

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)$2.38b

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 $2.38b in total value locked. TVL has increased 2.7% 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 $11.79m in fees. Of that, $3.94m was protocol revenue. Based on the trailing year, the annualized rate is $186.04m in fees and $62.72m in revenue.

What is the CAKE token price and valuation?

CAKE is currently trading at $2.07. Its circulating market capitalization is $673.66m, ranking it #122. Its fully diluted valuation is $697.55m. Supply currently stands at 325.99m circulating, 337.55m total supply, 400m maximum supply.

How has CAKE performed recently?

CAKE is down 6.9% over the past 7 days and down 26.6% 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.