PancakeSwap Exceeds All Expectations With A Quarterly Volume Of 530 Billion Dollars

In the crypto universe, the debate between centralization and decentralization never weakens. It divides, excites, sometimes soothes. Yet, amid this ideological turmoil, one certainty remains: that the quest for autonomy continues to fuel dreams. PancakeSwap, without asking for permission, fits into this dynamic. Driven by the idea of distributed power, this multichain DEX is breaking records and setting a new pace. In June, it was no longer about experimenting: it was about dominating.

PancakeSwap: Record Growth, Abundant Innovations, and Asserted Ambition

The month of June 2025 will be etched in the history of PancakeSwap. The platform displayed $325 billion in volume in one month, an unmatched peak in five years of existence. This represents an 87% increase compared to May. For the second quarter, PancakeSwap totals $530 billion, compared to $211 billion in the first quarter, according to Dune Analytics. A leap that is no coincidence.

The explanation? A series of tailor-made upgrades designed to attract traders and developers. With the launch of PancakeSwap Infinity in April, users now enjoy reduced fees, customizable pools via “Hooks”, and new options for liquidity providers. The user experience has been refined like never before.

PancakeSwap Infinity allows the integration of new types of pools without redeploying smart contracts, explained Chef Kids, its manager. For liquidity providers, these features facilitate “more precise capital allocation“.

And the platform did not stop there. On June 11, it launched crosschain swaps, enabling trading between BNB Chain, Ethereum, and Arbitrum without app switching or external bridges. A fluidity that redefines the standards of DEX in crypto.

The Recipe for Success: BNB Chain, Solana, and a Winning Crypto Strategy

What PancakeSwap achieves is a well-calibrated multichain strategy. Among the nine supported blockchains (compared to 37 for Uniswap), almost all volume remains concentrated on BNB Chain. In June, 96.7% of the volume was recorded there (about $513 billion). Ethereum, historically the king, now caps at 0.3%.

Nevertheless, PancakeSwap is not standing still. The deployment of V3 on Solana, announced in early July, marks a turning point. Fees of 0.01%, concentrated liquidity model, extreme speed. A dream for active traders, an eldorado for liquidity providers.

This foray into Solana, accompanied by a partnership with WLFI to promote the USD1 stablecoin, shows a long-term intent: cover more ground without losing execution quality.

Regarding the numbers, the dominance is clear:

• 62.8% of the weekly DEX volume is held by PancakeSwap;
• $10.3 billion in 24 hours, compared to $4.3 billion for Uniswap (Dune, June 2025);
• $153 billion volume over 30 days, far ahead of all competitors.

The DEX is no longer just efficient: it is strategic. Its expansion attracts those who want to trade quickly, frequently, and at low cost. Crypto has found its metronome.

DeFi at the Crossroads of Chains: Centralization or Temporary Concentration?

Behind the dazzling numbers, another reality worries. In June, nearly 90% of DeFi liquidity flows through two platforms: PancakeSwap and Uniswap. A concentration that raises questions. Can we still talk about decentralization?

As CryptoSlate points out, this centralization represents the highest level observed in six months. It creates a silo effect: in case of failure of the BNB Smart Chain, the entire PancakeSwap activity could falter.

DeFi ethics supporters evoke an “inverted Big Brother effect”: here, it is not central entities, but community platforms that have become hegemonic. A growth dilemma. Agility becomes a force of domination, and the DEX model seems on the path towards centralization par excellence.

Key figures to remember:

• Over 204 million DEX addresses… but many are automated or duplicated;
• $67.3 billion weekly volume for PancakeSwap, compared to $28.1 billion for Uniswap;
• Less than 10% of volume spread over 140 other DEXs;
• Ethereum now represents only 13.3% of EVM DEX volume;
• Potential annual DeFi volume if trend continues: $6 trillion.

The contrast is striking. A handful of players carry DeFi on their backs but also widen the gap.

The frontline between DEX and CEX is not a trench. Proof? Hybrid projects like Bitget show that a combination of the two is possible. By mixing the security of a CEX and the agility of a DEX, the future of crypto might very well take the middle ground path.