PancakeSwap's Trading Volume Surges to $530 Billion Following Key Upgrades

Li Wei3 July 2025 1:10 AM

PancakeSwap, one of the most popular decentralized exchanges (DEXs) in the world, has seen its usage skyrocket. In the second quarter, its trading volume more than tripled, skyrocketing to $530 billion. A combination of strategic investments and tactical improvements led to this increase. For starters, they launched PancakeSwap Infinity in April and incorporated cross-chain trading features in June. These improvements have made it much easier for users to find what they’re looking for and make efficient trades on the platform.

According to Dune Analytics, that second-quarter volume skyrocketed to $530 billion. This is an enormous leap from the $211 billion we saw in Q1. PancakeSwap's June trading volume surpassed May's $174 billion, indicating a strong growth trajectory.

The first upgrade to PancakeSwap was PancakeSwap Infinity, the upgrade brought exciting features focused on improving the platform’s capabilities for developers and liquidity providers. These upgrades are meant to make the processes easier and more efficient, leading to better outcomes.

"drastically lowers development overhead and accelerates innovation" - Chef Kids

And on June 11, PancakeSwap took another step beyond its peers by introducing cross-chain trading capabilities. Through the Lens users can easily swap assets on BNB Chain, Ethereum, and Arbitrum. They’ll no longer be inconvenienced by bridge workarounds or toggling between apps to find transit connections. Today, PancakeSwap is only able to support nine chains, in direct contrast to its largest competitor, Uniswap, which now supports 37 chains.

In the second quarter, 96.7% of PancakeSwap’s trading volume originated on the BNB Chain. This amounted to a staggering roughly $513 billion in trading volume just on the BNB Chain. This further signifies the platform’s prominent presence and user-base in the BNB Chain ecosystem.

PancakeSwap released the first v3 liquidity pool to Solana on July 1. This thrilling advance, made possible through a deep collaboration of key stakeholders, incredibly broadens its reach and offerings!

Li Wei

Content Strategist

Li Wei is a blockchain content strategist passionate about bridging global perspectives through clear, actionable crypto insights. With deep roots in China’s fast-evolving technology sector, she crafts engaging opinion pieces on NFTs, DeFi, and regulatory risk. Outside of work, she is a street photographer and avid tea connoisseur.