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PancakeSwap surges 70%, outpacing most DeFi protocols this week. DeFi TVL remains strong despite slight retracement from December highs. Ethereum, Solana, and In a trend observed throughout most decentralized exchanges, PancakeSwap’s TVL declined steadily starting 2025. This has changed in 2025, since the Get the latest PancakeSwap V3 DeFi stats, including TVL, market cap, cap/TVL metrics, and historical charts. Discover top tokens and DeFi pools on DappRadar. PancakeSwap continues to be one of the most used DeFi dApp on BNB Chain with over 900K MAUs. PancakeSwap also announced the launch of PancakeSwap v3 in Get the most important PancakeSwap dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp's activity in different time periods & make fast, accurate decisions! As of September 20, PancakeSwap's TVL stood at $1.72 billion, a significant decrease from its all-time high of $7.16 billion on, as per DefiLlama. The TVL was about $2.42 Explore PancakeSwap V3 project with an overview of blockchain data, analytics, news, and more. Stay updated on the latest insights and trends on DappRadar.

PancakeSwap: Most Used DApp, But TVL Under Pressure?

PancakeSwap continues to reign as one of the most used DeFi dApps on BNB Chain, boasting over 900K Monthly Active Users (MAUs). Despite this immense popularity, and a recent impressive rally where PancakeSwap surges 70%, outpacing most DeFi protocols this week, its Total Value Locked (TVL) remains a key area of focus for investors and users alike.

While DeFi TVL remains strong despite a slight retracement from December highs, the picture is complex. Platforms like Ethereum, Solana, and other major players contribute significantly to the overall DeFi landscape. However, PancakeSwap's specific TVL trajectory warrants closer examination.

Explore PancakeSwap V3 project with an overview of blockchain data, analytics, news, and more. Stay updated on the latest insights and trends on DappRadar. Get insights into the latest PancakeSwap V3 DeFi stats, including TVL, market cap, cap/TVL metrics, and historical charts on DappRadar. Discover top tokens and DeFi pools on DappRadar to understand the ecosystem's dynamics.

Data shows that in a trend observed throughout most decentralized exchanges, PancakeSwap’s TVL declined steadily starting 2025. This has changed in 2025, since the platform has implemented various strategies to revitalize its TVL. PancakeSwap also announced the launch of PancakeSwap v3 in, aiming to attract more liquidity and enhance user experience.

Understanding PancakeSwap's TVL requires analyzing historical trends. As of September 20, PancakeSwap's TVL stood at $1.72 billion, a significant decrease from its all-time high of $7.16 billion on, as per DefiLlama. The TVL was about $2.42 at an earlier point. Analyzing these fluctuations alongside market cap and other metrics provides valuable insights.

Get the most important PancakeSwap dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp's activity in different time periods & make fast, accurate decisions! Stay informed about PancakeSwap's performance and the factors influencing its TVL to make informed decisions within the DeFi space.

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