PancakeSwap Breaks Records in June, Surpasses Uniswap in DEX Volume

Multichain decentralized exchange (DEX) PancakeSwap has shattered records this June, posting its highest monthly trading volume ever at $325 billion — a figure that catapults it ahead of Uniswap and signals a shift in the decentralized finance (DeFi) landscape.

According to data from Dune Analytics, PancakeSwap’s Q2 trading volume reached $530 billion, more than doubling its Q1 performance of $211 billion. This explosive growth is largely credited to PancakeSwap’s recent strategic upgrades and aggressive expansion into new blockchain ecosystems.

“These upgrades dramatically improve capital efficiency and onboarding,” said Chef Kids, Head of PancakeSwap. “We’ve removed a lot of friction for users and developers alike.”

🚀 Infinity Upgrade and Crosschain Expansion

The driving force behind this momentum is the rollout of PancakeSwap Infinity in April — a sweeping platform upgrade that introduced powerful DeFi tools and architectural improvements.

The Infinity update featured:

  • Customizable liquidity pools via a “Hooks” system
  • Support for CLAMM and LBAMM pool types
  • A modular contract structure, allowing developers to launch new functionality without the need for forking

These enhancements aim to increase capital efficiency, reduce technical overhead, and make PancakeSwap more developer-friendly.

Complementing this upgrade, the platform launched crosschain trading on June 11, allowing users to swap assets seamlessly across BNB Chain, Ethereum, and Arbitrum — without the need to bridge tokens or use external interfaces.

“We’re aiming to make crosschain DeFi as simple as using a centralized exchange,” Chef Kids added. “It’s not just about volume — it’s about accessibility and UX.”

The innovations didn’t stop there. On July 1, PancakeSwap rolled out a v3 liquidity pool on Solana, further expanding its multichain reach and capturing liquidity in one of the fastest-growing Layer 1 ecosystems.

📊 By the Numbers: PancakeSwap vs. Uniswap

In a sector historically led by Uniswap, PancakeSwap is now the top DEX by 30-day trading volume, according to DefiLlama:

  • PancakeSwap: $153 billion
  • Uniswap: $83.4 billion

This shift marks the first time PancakeSwap has overtaken Uniswap in short-term trading volume, raising questions about whether the long-time DeFi leader can hold its position.

Despite its gains, PancakeSwap remains heavily tied to the BNB Chain, where it dominates with 96.8% market share and saw $513 billion in Q2 volume alone.

By contrast, Uniswap maintains a broader multichain footprint, operating on 37 blockchains compared to PancakeSwap’s nine. Uniswap also continues to dominate Ethereum, where it controls 77.2% of DEX volume.

However, PancakeSwap is slowly chipping away at this dominance, with $21 billion in Ethereum volume so far, along with $29 billion on Base and $25 billion on Arbitrum.

🌍 A Shifting Landscape

As the DeFi space matures, the battle for dominance among decentralized exchanges is becoming more complex. Users are increasingly demanding better UX, lower fees, and crosschain capabilities — areas where PancakeSwap appears to be delivering.

“We’re no longer just competing on one chain,” Chef Kids emphasized. “It’s a multichain world now, and we’re building the tools to thrive in it.”

While Uniswap continues to set the standard in decentralization and governance, PancakeSwap’s recent moves show that speed of execution, user experience, and interoperability may become the new pillars of success in the DEX race.

With Infinity, crosschain swaps, and Solana integration now live, PancakeSwap has made its message clear: the race isn’t over — it’s just getting started.

📖 Stay up to date with DeFi’s evolution at PressNews.app

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