Multi-chain Decentralized Financial Platform Pancakeswap has registered $ 205.3 billion in trade volume in Q1 2025, the best three-month performance since the launch.
Pancakeswap (cake) shared the milestone in a post of April 24 on X, stating Dune Analytics data. Since the first quarter of 2023, the trading volume has grown by 921%, while the user and transactionllations have grown by 81%and 159%respectively. With more than 123 million users, the platform has treated more than $ 1.33 trillion in total trade volume To date.
https://twitter.com/pancakeswap/status/19152546829666265864?s=46&t=nznxksss3debx8jihnzhmswzwz
The primary source of user activity is the BNB chain (BNB), which has registered 48 million users and a cumulative volume of $ 1.14 trillion. Basic, Arbitrum (ARB) and Ethereum (ETH) are some other active chains. Pancakeswap was launched in 2020 and has since grown into a leading Defi platform about different chains.
The strong growth of the platform coincides with the rollout of Cake tokenomics 3.0, which officially went live on April 23. The update removes the expansion of cake and vecake, where they are replaced by a buy-and-burn model and a hard delivery cap of 450 million tokens.
The daily emissions will fall into two phases, from 29,000 cake to 20,000 and later to 14,500. It is expected that around 5.3 million cake will be burned under the new system every year.
Despite the cheerful Defi statistics and tokenomics shifting, cake has fallen 26% in the last 30 days. With a decrease of 2% during the last day, the token is currently being traded at $ 1.97. The daily graph indicates that the price consolidates just below the $ 2.08 key resistance, with $ 1.87 and $ 1.78 as support.
The relative strength index at 51 shows a neutral trend without perceptible momentum and the Bollinger tires show low volatility. Bulls need a clear break above $ 2.08 to confirm a trend change. Cake can be lower in the near future if the price does not apply.
