Decentralized exchange

PancakeSwap

Multichain DEX on BNB Chain, Ethereum, Solana, Base and seven more chains, with farms, Syrup Pools and CAKE.

No project pays to be listed. How we rank

Facts checked Sep 26, 2026

PancakeSwap key facts

CategoryDecentralized exchange
ChainsBNB Chain, Ethereum, Solana, Base, Arbitrum, Aptos, ZKsync, Linea, Monad, Robinhood, opBNB
PlatformsWeb, API
CustodyNon-custodial
Chains11 chains: BNB Chain, Ethereum, Solana, Base, Arbitrum, Aptos, ZKsync, Linea, Monad, Robinhood, opBNB
Security auditsPeckShield, SlowMist, BlockSec, Cyfrin, HashDit
TokenCAKE
About

What is PancakeSwap?

PancakeSwap is a decentralized exchange available on eleven chains, including BNB Chain, Ethereum, Solana and Base. Users trade from their own wallets and earn CAKE in farms and Syrup Pools. veCAKE and gauge voting were retired on April 23, 2025 under Tokenomics 3.0.

PancakeSwap usage

Total value locked$2.3B-0.7% in 7 days
Fees paid, 24h$678,436
Fees paid, 30d$23.4M
Chains12

From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.

Decentralized exchangeNon-custodialWebAPI

PancakeSwap alternatives

Other projects people compare with PancakeSwap.

Curve Finance

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CoW Swap

Intent-based DEX aggregator on CoW Protocol that settles orders in batches through competing solvers.

Uniswap

Automated market maker DEX with v2, v3 and v4 pools on Ethereum and other networks, governed by UNI holders.

1inch

DEX aggregator and set of DeFi protocols that routes swaps across many exchanges on 19 networks.

Balancer

Programmable AMM with weighted, stable, boosted and liquidity bootstrapping pools on Ethereum and other EVM chains.

Aerodrome

DEX and liquidity hub on Base where veAERO holders vote on AERO rewards and earn trading fees.

PancakeSwap pros and cons

Pros
  • Available on eleven chains
  • Audits by PeckShield, SlowMist, BlockSec, Cyfrin and HashDit
  • No account or registration needed to swap
Cons
  • veCAKE and gauge voting retired in April 2025
  • Fee tier varies by pool; shown only in swap details
  • Many earlier products moved to an archive

PancakeSwap FAQ

What is PancakeSwap?

PancakeSwap is a decentralized exchange available on eleven chains, including BNB Chain, Ethereum, Solana and Base. Users trade from their own wallets and earn CAKE in farms and Syrup Pools. veCAKE and gauge voting were retired on April 23, 2025 under Tokenomics 3.0.

How much value is locked in PancakeSwap?

$2.3B according to DefiLlama on Sep 26, 2026. It is deployed on 12 chains: Binance, Ethereum, Aptos, Base, zkSync Era, Arbitrum and others.

How much do users pay PancakeSwap in fees?

$23.4M over the last 30 days, according to DefiLlama on Sep 26, 2026.

Does PancakeSwap hold my funds?

No. PancakeSwap is non-custodial: you keep your funds in your own wallet and sign each transaction.

Sources

  1. PancakeSwap: official site
  2. PancakeSwap: Product Overview
  3. PancakeSwap: Audits
  4. DefiLlama

How this page works

Sources: PancakeSwap: official site, PancakeSwap: Product Overview, PancakeSwap: Audits. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.