PancakeSwap Sets New Record: Q1 2025 Trading Volume Surpasses $205 Billion
PancakeSwap, the leading multichain decentralized exchange (DEX) platform, recorded an outstanding achievement in the first quarter of 2025 with a trading volume reaching US$205.3 billion.
This marks the highest figure since the platform’s launch, indicating a significant surge in trading activity.
In addition, the number of unique traders on PancakeSwap also saw rapid growth, increasing by 81% from Q1 2023, reaching 5.8 million users.
This is the highest number since the fourth quarter of 2021, signaling a notable increase in participation within the PancakeSwap ecosystem.
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Increase in Monthly Trading Volume and Cumulative Total Volume
According to information quoted from Beincrypto, data from Dune Analytics shows that PancakeSwap’s trading volume in January 2025 reached US$78.4 billion, and rose to US$81.7 billion in February.
Despite a slight decline in March to US$45.1 billion, the total cumulative trading volume in Q1 2025 reached US$1.3 trillion.
Launch of CAKE Tokenomics 3.0
To support its ecosystem growth, PancakeSwap launched CAKE Tokenomics 3.0, which introduced a burn mechanism and reduced the daily emission of CAKE tokens.
This step aims to increase the token’s value and strengthen the platform’s internal economy.
PancakeSwap’s achievements in Q1 2025 highlight the strength and appeal of the platform within the DeFi ecosystem.
With record-breaking trading volumes and significant user growth, PancakeSwap continues to solidify its position as one of the leading DEX platforms in the world.
