Pancakeswap exceeds all expectations with a quarterly volume of $ 530 billion

In the crypto universe, the debate between centralization and decentralization never weaken. He divides, fascinates, sometimes soothes. However, in the midst of this ideological tumult, a certainty remains: that which the quest for autonomy continues to nourish dreams. Pancakeswap, without asking for permission, is part of this dynamic. Carried by the idea of ​​a distributed power, this Multichaine Dex explodes the meters and imposes a new tempo. In June, it was no longer a question of experimenting: it was a question of dominating.

Pancakeswap: Record growth, innovations in Gogo and assumed ambition

June 2025 will remain engraved in the history of Pancakeswap. The platform has displayed $ 325 billion in volume in one montha summit unrivaled in five years of existence. This represents a 87 % increase compared to May. For the second trimester, Pancakeswap totaled $ 530 billionagainst 211 billion in the first quarter, specifies Dune Analytics. A leap that has nothing to do with a coincidence.

The explanation? A Tailor -made upgrades series To attract traders and developers. With the Launch of PancakesWap Infinity in Aprilusers are now enjoying reduced costs, customizable pools via “hooks”, and new options for liquidity suppliers. The user experience has been refined like never before.

Pancakeswap Infinity allows you to integrate new types of pools without redeployment of smart contracts, explained Chef Kids, his manager. For liquidity suppliers, these functions facilitate ” a more precise capital allowance ».

And the platform did not stop there. On June 11, she launched the Crosschain Swapswhich allow Trader between bnb chain, ethereum and arbitrum without an app switch or external bridge. A fluidity that redefines the standards of the DEX in crypto.

The recipe for success: BNB Chain, Solana, and paid cryptocurrency

What Pancakeswap succeeds is a well -calibrated multi -hole strategy. On the nine supported blockchains (against 37 for Uniswap), almost all of the volume remains concentrated on BNB Chain. In June, 96.7 % of the volume was recorded (or $ 513 billion). Ethereum, however historic king, capped at 0.3 %.

However, Pancakeswap is not treading. THE Deployment of V3 on Solanaannounced in early July, marks a turning point. 0.01 %costs, concentrated liquidity model, extreme speed. A dream for active traders, an Eldorado for liquidity suppliers.

This foray into Solana, accompanied by a Partnership with WLFI to promote the stablecoin USD1shows a long -term will: cover more terrain without losing in quality of execution.

On the figures side, domination is clear:

• 62.8 % of the DEX weekly volume owned by Pancakeswap;
• $ 10.3 billion in 24 hours, against 4.3 for Uniswap (Dune, June 2025);
• $ 153 billion in volume over 30 days, far ahead of all competitors.

The DEX is no longer only efficient: it is strategic. Its expansion seduces those who want to trade quickly, often, and at low cost. The crypto found its metronome.

DEFI at the crossroads: centralization or temporary concentration?

Behind the mining figures, another worried reality. In June, Almost 90 % of the DEFI liquidity passed through two platforms: Pancakeswap and United. A concentration that questions. Can we still talk about decentralization?

As underlines Cryptoslatethis centralization represents the highest level observed for six months. This creates a silo effect: in the event of a BNB Smart Chain failure, the whole activity of Pancakeswap could vacillate.

Supporters of Ethics Defi evoke A “Big Brother inverted effect” : Here, these are not central entities, but community platforms that have become hegemonic. A growth dilemma. Agility becomes a force for domination, and the Dex model seems to be on the way to a centralization par excellence.

Key figures to remember:

• +204 million DEX addresses… but many are automated or duplicated;
• $ 67.3 billion in weekly volume for Pancakeswap, compared to 28.1 for Uniswap;
• Less than 10 % of the volume spread over 140 other DEX;
• Ethereum only represents 13.3 % of the volume of EVM;
• Potential annual DEFI volume if trendy maintained: $ 6,000 billion.

The contrast is striking. A handful of actors carries the deffi at arm's length, but also widens the gap.

The front line between Dex and Cex is not a trench. The proof? Hybrid projects like Bitget show that a combination of the two is possible. By mixing the safety of a CEX and the agility of a Dex, the future of the crypto could well take the way of the right middle.