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PancakeSwap’s CAKE token is on a remarkable rally, soaring 38.3% over the past week and driving trading activity to new heights. As of publication, CAKE trades at $3.9, up 8.35% in the last 24 hours, while 24-hour trading volume skyrocketed 90% to $463 million, according to CoinMarketCap data.
CAKE’s Weekly Rally Pushes Volume Past $900 Million
The rally began on October 2, with trading volume surging tenfold in just two days. On October 4, PancakeSwap’s daily trading volume surpassed $900 million, marking one of its busiest trading weeks since early 2023.
772 billion dollars traded on PancakeSwap in a quarter, another ATH
WE'RE SO BACK pic.twitter.com/OHTFjGYjuz
— PancakeSwap (@PancakeSwap) October 2, 2025
Just before the surge, PancakeSwap announced that its quarterly transaction volume hit $772 billion, the highest in the platform’s history, signaling growing adoption within the BNB Chain ecosystem.
BNB, the native token of Binance’s blockchain, also gained 4.5% in the past 24 hours, topping $1,200 and ranking as the best performer among the top 10 cryptocurrencies by market cap. Analysts attribute this to the rapid growth in BNB Chain activity and rising search interest in keywords like “how to use PancakeSwap.”
PancakeSwap Expands Into Tokenized Stocks and Real-World Assets (RWA)
PancakeSwap has recently launched perpetual stock futures trading (Stock Perps), a new service allowing users to trade tokenized versions of major U.S. equities.
The decentralized exchange now supports perpetual trading of tokenized Apple (AAPL), Amazon (AMZN), and Tesla (TSLA) stocks. On October 3, PancakeSwap expanded this lineup to include Google (GOOG), Meta Platforms (META), and NVIDIA (NVDA), signaling a deeper move into the real-world asset (RWA) market.
3 new assets just landed on Stock Perps: $GOOG, $META and $NVDA
You can now trade 6 assets with up to 25x leverage on PancakeSwap Perpetuals ✨ https://t.co/E2RdJC49S4 pic.twitter.com/1CVzt5T1Xo
— PancakeSwap (@PancakeSwap) October 3, 2025
TVL Soars to $2.7 Billion, Making PancakeSwap BNB Chain’s Largest dApp
PancakeSwap’s total value locked (TVL) surged to $2.7 billion, making it the largest decentralized application (dApp) on the BNB Chain and ranking 24th among all DeFi protocols globally.
The platform’s weekly trading volume has risen consistently for three straight weeks, hitting $140 billion last week, the third-highest level this year.
Market observers note that the U.S. Federal Reserve’s September rate cut may have strengthened investor sentiment for risk assets, including cryptocurrencies and DeFi tokens.
This macroeconomic tailwind, combined with PancakeSwap’s expanding services and ecosystem, has positioned CAKE as one of DeFi’s most promising comeback tokens of 2025.
