PancakeSwap trading volume hit a record $530B in Q2 2025 as upgrades, crosschain swaps, and Solana integration fueled DEX growth.
Author: Akshat Thakur
July 2, 2025 – PancakeSwap has reported a record $325 billion in trading volume for June 2025, pushing its total Q2 volume to $530 billion more than double its Q1 performance. This surge follows recent crosschain upgrades, expansion to Solana, and the launch of PancakeSwap Infinity, which introduced major liquidity and UX improvements.
The April launch of PancakeSwap Infinity significantly enhanced the platform’s functionality. The upgrade enabled developers to create new pool types with custom Hooks without redeploying contracts, cutting development time and cost. It also allowed liquidity providers to allocate capital more precisely, reducing inefficiencies and mitigating impermanent loss.
On June 11, PancakeSwap introduced one-click crosschain trading across BNB Chain, Ethereum, and Arbitrum removing the need for bridges and simplifying the DeFi trading experience. According to PancakeSwap’s Head Chef Kids, new tools are also in development to improve onboarding and user accessibility.
The launch of v3 liquidity pools on Solana on July 1 represents a significant step in PancakeSwap’s multichain expansion. Although most trading volume still originates from BNB Chain, the Solana launch is expected to diversify volume sources and attract new users.
Despite its multichain ambitions, PancakeSwap remains heavily concentrated on BNB Chain. In Q2, 96.7% of its trading volume came from BNB, totaling $513 billion. Its dominance on BNB Chain hit 96.8% in June.
By contrast, PancakeSwap’s market share on Ethereum was just 0.3% in June, far behind Uniswap’s 77.2%. However, cumulative volumes show signs of broader traction: $29 billion on Base, $25 billion on Arbitrum, and $21 billion on Ethereum.
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