Decentralized · Spot & perpetuals

PancakeSwap

Live data · updated every hour

PancakeSwap is the largest decentralized exchange on BNB Chain and runs on ten networks.

Founded2020RunsDecentralizedMarkets—Volume rank#14TokenCAKE $2.44

All exchanges

Volume · 24h$725M+18.4% vs the day before

Spot volume$725M0.0% of all spot trading

Derivatives volume—Not tracked from a free source

30-day change+5.7%Spot volume vs the previous 30 days

Markets—Pools are not counted

Coins—Tokens are not counted

Volume rank#14By 24h volume of the 19 exchanges tracked here

Value locked$2.32BOn-chain

PancakeSwap trading volume

Daily spot volume, in US dollars.

Spot volume · 1M$28.23B$941M per day on average

Busiest spot day$1.91BTue, Sep 8, 2026

Derivatives share—Derivatives are not tracked

30-day change+5.7%Spot volume, compared with the 30 days before

Spot Touch a bar for the splitHover a bar for the split

Supported coins & trading pairs

What trades here and where the volume goes.

Supported coins

Share of volume in the largest pools

BNB49% of pool volume$92.3M

BTCB21% of pool volume$40.1M

USDT6% of pool volume$11.3M

QQQB6% of pool volume$10.7M

DGAI4% of pool volume$7.70M

Other coins · 15%$27.6M

Top trading pairs

Last price and 24-hour volume of the largest pools.

WBNB/USDT$785.96$79.0M—

BTCB/USDT$86,635.52$29.1M—

WBNB/USDC$785.96$13.3M—

USDT/USDC$0.9989$11.3M—

BTCB/WBNB$86,635.55$11.0M—

Fees

Liquidity providers choose the fee tier of each pool. The fee goes to them unless a protocol fee is switched on.

0.01%Stablecoin pairs——

0.05%Major pairs——

0.30%Most token pairs——

1.00%Exotic pairs——

Reserves & transparency

Smart contracts, verifiable on-chain

Value locked on-chain$2.32BSmart contracts, verifiable on-chain

Latest reportLiveUpdated continuously

All balances sit in public smart contracts, so anyone can check them on-chain at any time.

About PancakeSwap

Key facts, ownership and custody.

PancakeSwap is a decentralized exchange, a trading venue that runs on several blockchains, including BNB Smart Chain, and it launched in 2020. It handles spot trades, where tokens change hands straight away, and perpetual futures, contracts that track an asset's price without a set end date.

Swaps on PancakeSwap are made against liquidity pools rather than a traditional order book, which makes it an automated market maker. Customer balances sit in public smart contracts, where they can be checked on the blockchain. Pool fee tiers run from 0.01% to 1.00%, set by each pool, and liquidity providers earn those fees while the protocol keeps part of the trading fees, as of 2026. CAKE is the exchange token, tied to the running of the exchange.

Founded2020

HeadquartersOn-chain

TypeDecentralized

ProductsSpot swaps, liquidity pools, perpetuals

Fiat on-rampVia partners

OwnershipGoverned by CAKE holders

Fees, licences and where it works: PancakeSwap review. Compare platforms in your country: best crypto exchanges by country.

RegulationNon-custodial protocol

Open DeFi profile

PancakeSwap FAQ

Short answers to what people ask most.

It offers spot swaps, liquidity pools and perpetual futures markets.

As of 2026, it runs on more than 10 chains, among them Ethereum and Aptos.

Yes, PancakeSwap has a fiat on-ramp through partner services, so people can pay with regular currency.

PancakeSwap news

Coverage of the exchange and the wider market.

All news

Similar exchanges

Other decentralized exchanges with similar volume.