Hold onto your spatulas, folks! PancakeSwap, the multichain DEX that flips more trades than a short-order cook at breakfast rush, just served a whopping $205.3 BILLION in Q1 2025 trading volume. That’s right, more dough changing hands than a bakery on payday!
And guess what? The trading frenzy brought all the pancake fans to the yard—unique traders reached a peak since Q4 2021. Somebody’s hungry for crypto carbs! 🍳💸
PancakeSwap: Breaking Records and Flipping Scripts Since Forever
According to those crypto whisperers at BeInCrypto, PancakeSwap whipped up an $81.7 billion volume in February alone—like flipping pancakes so fast the syrup can’t keep up since 2021. January wasn’t shy either, paddling through $78.4 billion. March slowed down a bit (maybe they ran out of batter), hitting $45.1 billion.
Still, Q1 2025 piled up a staggering $1.3 trillion total volume. That’s enough to buy a lot of butter… or maybe a small moon.
“With 2025 zooming off like a race car on coffee, PancakeSwap’s users and eco-system are acting like they just found out it’s bottomless brunch!” said the exchange to BeInCrypto. 🏁☕

This buttery goodness isn’t a one-hit wonder. Since 2023, PancakeSwap’s quarterly trading volume has skyrocketed from a modest $20.1 billion to a jaw-dropping $205.3 billion—a 922% jump that would make even your grandma’s soufflé jealous.
And no, it’s not just the volume going up. The unique traders spooning into the mix swelled by 81%! From 3.2 million in early 2023 to 5.8 million hungry crypto chefs in Q1 2025—the biggest crowd since Q4 2021. It’s like a pancake party and everyone’s invited!
Transactions? They didn’t hold back either. Jumping from 44.1 million to 114.4 million, that’s a 159% surge! Somebody’s been flipping pancakes like a pro.
“Not just the best quarter ever, but a giant leap toward PancakeSwap ruling the breakfast table of decentralized trading,” they added, probably while licking syrup off their fingers.
But wait, there’s more! PancakeSwap is rolling out CAKE Tokenomics 3.0 starting April 23 — no more CAKE staking, no more veCAKE, just pure, unadulterated syrupy action. 🥞✨
The new recipe includes a burn mechanism aiming to torch 5.3 million tokens a year (them’s some hot pancakes!) and cutting daily CAKE emissions from 29,000 down to 20,000, eventually flirting with 14,500. Sustainability? Sounds like they’re flipping toward a better future without the cholesterol.
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2025-04-24 07:37