PancakeSwap, the leading multi-chain decentralized exchange (DEX), has once again raised the bar for DeFi, reporting $325 billion in trading volume for June 2025, the highest single-month figure in the platform’s five-year history.
This milestone comes just one month after May’s record-breaking $173 billion, demonstrating sustained growth and rising momentum.
MILESTONE | BNB Chain’s Decentralized Exchange, @PancakeSwap, Surpasses Ethereum’s @Uniswap in Monthly Volume
The @BNBCHAIN-based #DEX is the top DEX by volume over the last 30 days, experiencing a 1,500% increase during that period.https://t.co/LzYu3hIqah $CAKE @binance pic.twitter.com/tPlXVlkyZ7
— BitKE (@BitcoinKE) May 30, 2025
In a press released shared with BitKE by the PancakeSwap team, this performance helped propel the platform to a new quarterly high as well, with $529 billion in total volume for Q2 2025, more than doubling the Q1 volume of $205.3 billion.
The protocol also attracted 7.4 million unique users in the same period, further solidifying PancakeSwap’s role as one of the most widely adopted DeFi platforms in the world.
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Main Takeaways
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New Monthly Record: PancakeSwap hits a new all-time high with $325 billion in trading volume for June 2025, the highest monthly total in platform history, surpassing May 2025’s previous record of $173 billion.
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New Quarterly Record: Total trading volume for Q2 2025 reaches a massive $529 billion, more than doubling Q1 2025’s volume of $205.3 billion and setting a new all-time quarterly high.
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Cumulative Milestone: PancakeSwap has now surpassed $1.8 trillion in cumulative trading volume across all supported chains.
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What’s Driving the Record-Breaking Growth
PancakeSwap’s record month and quarter occur alongside several key developments:
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Launch of PancakeSwap Infinity: Launched in April 2025, PancakeSwap Infinity improves trading efficiency, lowers gas fees, and introduces Hooks that let developers and liquidity providers customize pools to enhance rewards. It also supports CLAMM and LBAMM pool types to meet the needs of advanced LPs and power users.
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Crosschain Swaps: In June 2025, PancakeSwap also rolled out crosschain swaps, enabling users to trade seamlessly across BNB Chain, Ethereum, and Arbitrum with a single click. No bridges, no app switching.
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Ethereum Ecosystem Growth: PancakeSwap has seen strong growth across the Ethereum ecosystem. Cumulative trading volume reached $30 billion on Base, $25 billion on Arbitrum, and $21 billion on Ethereum, reflecting the platform’s growing crosschain adoption.
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BNB Chain Dominance: PancakeSwap remains the top DEX on BNB Chain, where trading stayed strong in Q2 with $356 billion in volume. According to DefiLlama data (as of June 20, 2025), BNB Chain saw $159 billion in DEX volume over the past 30 days—more than the combined total of Ethereum and Solana, with Solana at around $72 billion.
“Achieving record all-time highs in our monthly and quarterly trading volumes is a reflection of the incredible support from our community and the confidence of millions of users around the world. We’re committed to raising the bar even higher. This record-breaking quarter is just the beginning. We’re ready to take DeFi to new heights throughout the rest of 2025 and beyond.”
– Chef Kids, Head Chef of PancakeSwap
Surging Forward
With over $1.8 trillion in cumulative trading volume, PancakeSwap is on the verge of crossing the $2 trillion mark, potentially within the coming weeks.
The platform continues to redefine what’s possible in DeFi, offering crosschain accessibility, low fees, and a high-performance trading experience. With momentum on its side, PancakeSwap is poised to reach even greater heights in Q3 2025 and beyond, driven by a committed global community, relentless focus on usability, and a long-term vision for decentralized innovation.
For more real-time trading data and insights, visit the PancakeSwap Dune Dashboard
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