PancakeSwap October Recap 2025
News
Ecosystem
2025-11-04

Kitchen Report (October 2025): CAKE.PAD, Bringing RWAs Onchain with Ondo Finance, and a New Milestone

CAKE Burn Recap

October saw our highest monthly CAKE burn on record, marking a new all-time high and the 26th consecutive month of supply reduction. This ongoing deflation underscores PancakeSwap’s commitment to sustainable tokenomics and reflects the growing strength and stability of our ecosystem.

So far, over 33,786,790 CAKE has been permanently burned, reinforcing our commitment to sustainable tokenomics and responsible emissions. This consistent deflation shows the strength of our ecosystem and long-term vision.

Track it live on our Burn Dashboard here.

CAKE.PAD: Simplifying Early Token Access Events

October marked the debut of CAKE.PAD, PancakeSwap’s revamped early token access platform built to simplify participation and boost CAKE utility.

Since launch, CAKE.PAD has hosted two back-to-back token sales, Sigma.Money and WhiteBridge Network, both massively oversubscribed, raising over 118,000 CAKE in total, with every bit of it burned.

Launch Highlights:

  • Sigma.Money – 15M $SIGMA sold · 51,262 CAKE burned · 99,207% subscribed
  • WhiteBridge Network – 20M $WBAI sold · 67,027 CAKE burned · 142,000% subscribed

With no staking or lock-ups required, users can simply commit CAKE and access new tokens before they list, while directly contributing to CAKE’s deflationary model.

PancakeSwap x Ondo Finance: Bringing Real-World Assets Onchain

Last month, PancakeSwap officially joined Ondo Finance’s Global Market Alliance, alongside 30 industry leaders, to help establish unified standards for tokenizing stocks and ETFs onchain, advancing the integration of real-world assets (RWAs) into decentralized finance (DeFi).

Building on this partnership, PancakeSwap has brought over 100 tokenized RWAs, including U.S. stocks, ETFs, and bonds onchain to BNB Chain, powered by Ondo Finance.

This milestone marks one of the largest expansions of tokenized assets in DeFi, giving users permissionless access to traditional financial markets directly through PancakeSwapX.

To celebrate the launch, all Ondo Finance tokenized assets are trading with zero fees for 30 days, from October 29 to November 29, 2025. Users can now trade assets such as AAPLon, AMZNon, and TSLAon directly on PancakeSwap’s familiar interface.

Milestones: Monthly Volume ATH & 150M Traders

October was one of PancakeSwap’s biggest months yet as we hit two major milestones.

Last month, we recorded an all-time high in monthly trading volumes, reaching $492 million traded. Alongside that, PancakeSwap’s community continued to grow stronger, surpassing 150 million traders.

Thank you for being part of it. The job’s not done, let’s keep building. 🥞💙

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The Chefs 🥞