PancakeSwap review: Infinity upgrade drives record $325B DEX volume
PancakeSwap has reached a new peak in decentralized trading, processing $325 billion in volume during June 2025. This marks the highest single-month figure in the platform’s history. The exchange recorded $529 billion in volume for Q2 overall, more than doubling its Q1 performance. Its lifetime trading volume now exceeds $1.8 trillion across all supported networks.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
This growth follows the launch of PancakeSwap Infinity, a major upgrade released in April 2025. The update includes support for advanced liquidity pool types such as CLAMM and LBAMM, along with hooks that enable custom smart contract logic. These tools allow developers and liquidity providers to build more efficient strategies while maintaining on-chain transparency.
Expanded multichain access and token deflation
PancakeSwap has also introduced one-click cross-chain swaps using the Across Protocol. This integration lets users move assets across BNB Chain, Arbitrum and Base without needing external bridges or multiple applications. It simplifies access to yield opportunities and liquidity across ecosystems.The exchange’s native token, CAKE, continues to follow a deflationary model. In June 2025, the platform burned 2,612,120 CAKE, marking the 22nd consecutive month of net token reduction. The supply decrease is part of PancakeSwap’s ongoing effort to increase token scarcity and support long-term value.
Platform advantages for traders
Traders benefit from competitive fee tiers starting at 0.01%, deep liquidity, and multiple earning options, including staking, farming, and launchpads. PancakeSwap is dominant on BNB Chain, accounting for 96.8% of total decentralized exchange volume in June 2025. While its market share on Ethereum is only 0.3%, the platform’s multichain expansion is positioning it for broader growth.Founded in 2020, PancakeSwap continues to strengthen its place as a leading decentralized exchange. The Infinity upgrade and new cross-chain functions suggest a long-term strategy focused on scalability, liquidity, and user control.
For a full breakdown of platform costs, including trading fees on spot and derivatives markets, see the article: PancakeSwap Trading Fees Breakdown: Spot & Derivatives.
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