2025 Became PancakeSwap’s Biggest Year on Record

In 2025, PancakeSwap delivered its strongest performance to date, marked by record-breaking trading volumes, category-defining product launches, and rapid multichain expansion. The year firmly established PancakeSwap as the number one decentralized exchange by trading volume and market share, while laying the groundwork for long-term, sustainable growth.

Trading Volumes Reached Historic Highs

Throughout 2025, PancakeSwap posted unprecedented metrics that reflected both market momentum and deep user trust. Total annual trading volume reached $2.36 trillion, representing a 619% increase year over year. The platform recorded its highest daily trading volume at $26 billion on October 10 and achieved a monthly peak of $492 billion in October. Cumulative lifetime trading volume surpassed $3.33 trillion, while total value locked stood at $2.45 billion. User participation surged, with over 35 million unique traders and more than 36 million total users by year’s end.

Every Quarter Set a New All-Time High

Each quarter of 2025 established a new trading volume record, underscoring consistent growth rather than isolated spikes. This sustained performance highlighted PancakeSwap’s reliability and appeal across changing market conditions, reinforcing its position as a platform trusted by millions of users worldwide.

PancakeSwap Secured and Sustained the Number One DEX Position

Beginning in May 2025, PancakeSwap overtook all competitors to become the top decentralized exchange by 30-day trading volume. The platform maintained this leadership through the remainder of the year, closing 2025 with a dominant 37.84% market share of total DEX trading volume. This milestone marked the transition from rapid growth to long-term market leadership.

CAKE Tokenomics 3.0 Marked a Shift Toward Sustainability

In 2025, PancakeSwap introduced CAKE Tokenomics 3.0, redefining CAKE as a utility-first asset with built-in scarcity. The redesigned emissions model targeted long-term deflation and ecosystem sustainability, delivering continuous net supply reduction. Since September 2023, more than 37 million CAKE tokens have been permanently burned, with 2025 alone recording over 8% year-to-date deflation. The growing holder base further reflected renewed confidence in CAKE’s long-term value.

Binance Wallet Integration Expanded Onchain Launches

PancakeSwap partnered with Binance Wallet to support exclusive token generation events on BNB Chain, enabling users to access new projects directly through PancakeSwap v3 liquidity. This integration streamlined participation in TGEs while reinforcing CAKE’s role within onchain ecosystems.

Memecoins Became a Major Liquidity Driver

Memecoin activity played a significant role in PancakeSwap’s 2025 growth. Strategic collaborations and incentive programs accelerated USD1 liquidity and amplified meme trading activity, particularly during peak periods in May and June. Campaigns like Meme2Million transformed speculative hype into measurable liquidity, usage, and token burns, reinforcing PancakeSwap’s deflationary flywheel.

CAKE.PAD Launched a New Model for Early Token Access

The debut of CAKE.PAD marked a major evolution in early-stage token participation. By allowing users to commit CAKE without staking or lock-ups, CAKE.PAD simplified access to new launches while directly supporting CAKE deflation. All hosted token sales in 2025 were heavily oversubscribed, demonstrating strong demand and effective design.

Product Innovation Defined PancakeSwap’s 2025 Roadmap

In 2025, PancakeSwap focused on building infrastructure that made DeFi more accessible, efficient, and user-friendly. The platform introduced tokenized real-world assets, fee-earning limit orders, stock perpetuals, social login, cross-chain swaps, MEV protection, and a suite of usability upgrades. These launches expanded PancakeSwap beyond a traditional DEX into a comprehensive DeFi experience.

PancakeSwap Infinity Went Live as a Core Protocol Upgrade

The launch of PancakeSwap Infinity represented the most significant protocol upgrade in the platform’s history. Designed with modularity and flexibility at its core, Infinity introduced customizable liquidity pools, dynamic fees, improved gas efficiency, and an open-source architecture. This upgrade positioned PancakeSwap as a full DeFi infrastructure layer capable of supporting the next generation of onchain innovation.

Multichain Expansion Reached Ten Blockchains

By the end of 2025, PancakeSwap operated across ten blockchains, including BNB Chain, Base, Arbitrum, Solana, Monad, Ethereum, Linea, zkSync, opBNB, and Aptos. Strategic expansion ensured PancakeSwap met users where liquidity and innovation converged, while maintaining deep integrations on leading networks.

BNB Chain Remained the Core Growth Engine

BNB Chain continued to anchor PancakeSwap’s ecosystem, delivering over $2.25 trillion in trading volume during 2025 and commanding more than 80% market share. This performance reinforced PancakeSwap’s dominance within its original ecosystem.

Base and Arbitrum Delivered Strong Layer-2 Momentum

On Base, PancakeSwap achieved explosive growth, surpassing $69 billion in annual trading volume and securing the second-largest DEX position. Arbitrum also posted steady gains, with PancakeSwap maintaining a strong competitive presence and consistent liquidity performance.

Expansion to Solana and Monad Positioned PancakeSwap Ahead of the Curve

PancakeSwap’s entry into Solana unlocked high-performance trading and liquidity opportunities on one of crypto’s fastest networks. The launch on Monad further positioned PancakeSwap at the forefront of emerging EVM-compatible ecosystems, laying the foundation for future growth as these networks mature.

2025 Set the Stage for PancakeSwap’s Next Era

The achievements of 2025 marked more than a record-breaking year; they defined PancakeSwap’s transition into a mature, scalable, and infrastructure-driven DeFi leader. With sustained market dominance, sustainable tokenomics, and a clear long-term vision, PancakeSwap closed the year positioned for continued expansion and innovation.