📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
MILESTONE | BNB-Based Decentralized Exchange, PanCakeSwap, Records Highest-Ever Quarter (Q1 2025) in Trading Volume Since Inception
PanCakeSwap, the leading multi-chain decentralized exchange (DEX), has just wrapped up its strongest quarter since inception – setting a new benchmark with an all-time high of $205.3 billion in trading volume in Q1 2025. This marks a defining moment in PancakeSwap’s journey as it continues to dominate and redefine the decentralized finance (DeFi) landscape.
Main Takeaways:
Since its inception in 2020, PancakeSwap has grown from an AMM on BNB Chain into a full-fledged DeFi powerhouse, operating across multiple chains. Now, with 2025 already off to an explosive start, the protocol is seeing record momentum in both user engagement and ecosystem activity.
According to data from Dune Analytics, Q1 2025 has shown:
These figures represent not only PancakeSwap’s best quarter to date, but also highlight a significant leap in adoption and usage across the board.
Remarkable Growth Since 2023 Across Metrics
PancakeSwap’s current success has been building steadily since 2023. The platform has seen a growth in its quarterly trading volume from $20.1 billion in Q1 2023 to $205.3 billion in Q1 2025, representing a staggering 922% growth.
The number of unique traders has also surged during this period, growing from 3.2 million in Q1 2023 to 5.8 million in Q1 2025, an increase of 81%.
Transaction count followed a similar trajectory, jumping from 44.1 million in Q1 2023 to 114.4 million in Q1 2025, representing 159% growth.
These numbers underscore PancakeSwap’s rising dominance, expanding appeal across multiple chains, and growing market share in the DeFi space.
Multi-Chain DEX and Continued Innovation
PancakeSwap’s continued innovations and multi-chain expansion have been a driving force behind its growth.
In Q1 2025 alone:
With momentum on its side, PancakeSwap is poised to continue scaling new heights in Q2 2025 and beyond – driven by a loyal community, a relentless focus on usability, and DeFi innovation.
Follow us on X for latest posts and updates