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Pancake Swap (CAKE) has exploded in the past 24 hours, booking a 31% jump as trading volumes have exploded by nearly 1,000%.
At nearly $700 million, these volumes account for 62% of the token’s circulating supply. The move comes right after the decentralized exchange (DEX) reported a new all-time high in its quarterly trading volumes at $772 billion.
772 billion dollars traded on PancakeSwap in a quarter, another ATH
WE'RE SO BACK pic.twitter.com/OHTFjGYjuz
— PancakeSwap (@PancakeSwap) October 2, 2025
This underscores the rising popularity of BNB Chain-based assets. Paired with a move above $1,100 for $BNB, this blockchain is experiencing a big wave of positive momentum as adoption and usage have skyrocketed.
Pancake Swap has also been advancing its path in the real-world assets (RWAs) market with the launch of Stock Perps.
These perpetual futures are tokenized versions of the most popular stocks in the U.S. market, like Apple (AAPL), Amazon (AMZN), and Tesla (TSLA). Meanwhile, just minutes ago, they announced the inclusion of another three big names – Google (GOOG), Meta Platforms (META), and NVIDIA (NVDA).
The protocol’s total value locked (TVL) has surged to $2.7 billion, making it the largest decentralized app (dApp) on the BNB Chain by this metric and the 24th largest in the crypto space.
Weekly trading volumes on PancakeSwap have been steadily rising for three weeks in a row and reached $140 billion last week – their third highest print of the year.
The Federal Reserve’s decision to cut interest rates recently could have prompted traders to move to riskier asset classes like cryptos, looking for higher yields. Hence, the macro environment favors a bullish outlook for TradFi protocols like Pancake Swap.
CAKE Could Hit $10 As It Catches Up With Rival Exchanges
Looking at the daily chart, CAKE has broken above a long-dated resistance at $3 that had acted as a ceiling for the token multiple times in the past.
The token has been surging for three days in a row. In the past 2 days, trading volumes have exceeded their 14-day moving average, reflecting a spike in buying interest.
Meanwhile, the Relative Strength Index (RSI) is approaching overbought levels all of a sudden, meaning that positive momentum has gained significant strength rapidly. This means a shift in the overall trend that favors a big explosive move ahead for CAKE.
The most obvious target at this point would be the $4 level. However, if the price gains significant traction after this breakout, the upside potential would be massive for CAKE in the mid-term, especially as market conditions are quite favorable.
Based on how trading volumes have been faring, CAKE could rise to $10 during this cycle, meaning its market cap would climb to $3.4 billion, making the token as valuable as top competitors like Bitget Token (BGB) and OKB (OKB).
However, the biggest gains in this cycle could come from early crypto presales like Bitcoin Hyper ($HYPER), a Bitcoin layer-2 scaling protocol that has raised over $21 million to bring Solana-level speeds to the top crypto’s network.
Bitcoin Hyper ($HYPER) Allows BTC Holders to Earn Passive Income
Bitcoin Hyper ($HYPER) is the first true layer 2 built for Bitcoin, created to solve its biggest limitations – slow speeds, high fees, and no smart contract support.
This solution brings real scalability, pushing transactions far beyond Bitcoin’s 7-per-second cap while cutting costs and boosting efficiency.
On top of that, it opens the door for decentralized apps and smart contracts to finally run on the Bitcoin network, allowing investors to stake, lend, and earn yield on their BTC investment.
The $HYPER token is at the center of it all, powering transactions, generating staking rewards, and compensating developer activity on the new chain.
Early presale buyers could reap the highest returns once the Hyper L2 is embraced by top wallets and exchanges.
For Bitcoin holders who want more than just “digital gold,” Bitcoin Hyper offers a chance to plug into a faster, more programmable version of the world’s most recognized blockchain.
To buy $HYPER, simply head to the Bitcoin Hyper official website and link up your favorite wallet. You can either swap USDT or ETH or use a bank card instead.
