Trading Volume on PancakeSwap Reaches $138 Billion, Surpassing Uniswap

PancakeSwap, the leading decentralized exchange (DEX) on the BNB Chain, has officially surpassed Uniswap to become the DEX with the highest trading volume in the past 30 days, reaching an impressive $138 billion, far ahead of Uniswap’s $85 billion. In the last 24 hours alone, PancakeSwap processed up to $11.9 billion, accounting for 8.5% of the total trading volume.

This remarkable growth has brought PancakeSwap back to its most vibrant period since January 2025. Much of this growth is attributed to the efforts of former Binance CEO CZ, who has continuously promoted the BNB Chain, directly boosting volume for PancakeSwap.

Part of the momentum comes from World Liberty Financial – a DeFi platform backed by the Trump family – which recently spent $3 million to purchase EOS via PancakeSwap, propelling the token’s price up by 11%.

Additionally, the Infinity upgrade (formerly PancakeSwap v4) has played a crucial role in attracting liquidity. With an optimized capital liquidity pool, unique hook features, and customizable fee mechanisms, PancakeSwap is generating strong appeal among investors.

Related: What is PancakeSwap and How to Use It?

Meanwhile, the native token CAKE has also made its mark, rising by 26% over the past month, bringing its market capitalization to $830 million.

With these significant advancements, PancakeSwap is solidifying its strong position in the fierce competition of the new DeFi landscape.