PancakeSwap August Recap
Ecosystem
2023-09-06

Data Recap

Overall

  • Total Volume: $7.4B
  • Average Daily Volume: $238.9M
  • Unique Traders: 1.5M
  • Unique Onsite Users: 3.1M
  • Mini Program — Onsite Users: 158K
  • Mini Program — Average Daily Users: 8.8K
  • Pancake Protectors — Total CAKE Burned: 80K CAKE ($106K)
  • Pancake Protectors — Average Daily Users: 22.3K
  • 7 CAKE Staker Reward Pools (Syrup + Boost)

CAKE

  • Total burned: 33.6M ($47M)
  • Bought back from the market to burn: $1.2M
  • Effective CAKE Emission Rate: 2.93 CAKE/Block
  • Number of holders: 1,456,859 (MoM 1.54%)

*As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

🍽✅ Served In August

Multichain Expansion: Arbitrum One, Linea and Base have joined the Party!

We are astonished with the work done in the last month regarding multichain expansion. Not one, not two.. .but THREE networks landed on PancakeSwap in August.

Our commitment to taking PancakeSwap to the next level remains as strong as ever. Arbitrum One, Base, and Linea Mainnet are ready to flip pancakes the right way. Join us as we review all of these expansions.

Arbitrum One

Live on Arbitrum.jpg

The month's first landing was nothing more than Arbitrum One, a Layer 2 blockchain based on Ethereum, which aims to lower the cost per transaction and increase processing speed.

We started this journey with a cool video teaser (which you can watch here 👉 https://youtu.be/57Y36HHvUzw)

Now, you can trade your favorite tokens, and PancakeSwap's Farms and Syrup Pools are active on Arbitrum!

You can check out the Farms here 👉💙 https://pancakeswap.finance/farms?chain=arb

And the Pools here 👉💙 https://pancakeswap.finance/pools?chain=arb

Much more to come? Much more to come!

Base

Base live.jpg

Continuing our super month, we are very proud to talk about the second deployment of August, Base. Everyone’s favorite DEX is now on Base, bringing ultra-low fees, user-friendly features and setting the stage for DeFi mass adoption.

You can start your Base journey with us now: https://blog.pancakeswap.finance/articles/pancake-swap-v3-on-base

Would you like to check out our amazing video launch? 👉 https://youtu.be/ok7iwH23RrA

Linea (Mainnet)

Live on Linea.jpg

Remember when we told you about our deployment on Linea's Testnet a while ago? It's a fact: Linea Mainnet is 100% operational, and the bunnies have worked very hard to get PancakeSwap up and running since its launch!

Trade your favorite tokens on Linea Mainnet and experience some of the industry's lowest trading fees, making it a cost-effective choice for traders. Try now here 👉 https://pancakeswap.finance/?chain=linea

But that's not all! We are also launching our beloved Farms Online! Start farming now at this link 👉 https://pancakeswap.finance/farms?chain=linea

For a visual overview, check out this video: https://www.youtube.com/watch?v=7a6f_a6htnA

Farms on zkSync Era

Farms en zkSync.jpg

It's not just all new blockchains; updates to our latest deployments exist!

We are delighted to announce an update to zkSync Era, a brand new addition to our multichain journey. In addition to Swap and LP, you can now Farm: stake your LP tokens to maximize your yield and unlock the full potential of your crypto holdings!

Start Farming on zkSync Era now 👉 https://pancakeswap.finance/farms?chain=zkSync

Traverse Treasure Island: New islands and updates

traverse main banner.jpg

As the journey continues, our treasure hunt expands with new islands and adventures for the entire PancakeSwap community.

Each network has already revealed its tasks for diving into the exciting world of blockchain navigation with bunnies.

You can complete as many tasks as you desire, joining in anytime while the island tasks are active.

About Traverse campaign 👉 https://blog.pancakeswap.finance/articles/join-pancake-swap-s-multichain-adventure-traverse-the-treasure-islands

Find us in Galxe 👉 https://galxe.com/PancakeSwap

Perpetuals v2: Live on Arbitrum!

Perpetuals Live on Arbitrum.jpg

Following our recent achievements, including the expansion of Swap, Liquidity Pools, and Farm features on Arbitrum, we're thrilled to introduce another significant milestone: Perpetuals v2, powered by ApolloX, is now live on the Arbitrum network.

Get ready for an exciting Perpetuals Trading Rewards Program launched on August 31 as Perpetuals v2 expands to the Arbitrum network.

Traders can anticipate rewards, with 25% of platform fees dedicated to the program. For instance, with a weekly trading volume of $500M, top traders could win up to $100,000, offering yields beyond their trading expenses. Prepare for unmatched incentives that will elevate your trading experience, as no other platform matches these rewards!

PancakeSwap Milestones

Captura de pantalla 2023-09-05 a la(s) 00.16.58.png

We're thrilled to highlight some remarkable achievements that PancakeSwap has accomplished in the past month! With a 10 million Trading Volume on Arbitrum and an impressive 200 million trading volume on zkSync Era, we're witnessing the immense growth and acceptance of our platform in the layer 2 ecosystem.

Regarding Layer 1, Ethereum's August trading volume has topped the charts recently with more than 385M!

Additionally, our community has flourished immensely, with over 60,000 members joining us on Discord and an astounding 100,000 on Telegram.

These milestones underscore our commitment to innovation, inclusivity, and fostering a thriving community of traders and enthusiasts. As we reflect on these accomplishments, we're excited about the journey ahead, marked by progress, engagement, and even greater success.

New Farms

farms.jpg

We are thrilled to reaffirm our dedication to fostering the expansion of the DeFi landscape. In August, we introduced twenty-five fresh Farming opportunities on PancakeSwap v3, available across BNB Chain, Ethereum, Polygon zkEVM, Arbitrum One, zkSync Era, and Linea! These Farms open up many options for users to engage in yield farming and reap rewards.

Users can optimize their profits and experiment with diverse strategies with this expanded selection. Don't wait any longer – seize the moment to commence your farming journey today and unlock the limitless potential of PancakeSwap v3! 🌱💰

New Pools

pools2.jpg In August, PancakeSwap unveiled seven Syrup Pools, providing users exclusive chances to accumulate CAKE tokens.

Dive into our Syrup Pools today and kickstart your earnings journey.

Private RPC

Private RPC.jpg

We are pleased to introduce Private RPC, a groundbreaking collaboration with bloXroute that will revolutionize your trading experience.

Bid farewell to bots and front-runners – Private RPC shields your transactions, unlocking superior trade rates and unparalleled opportunities.

It's not merely about security; it's about executing trades with a competitive edge, ensuring better rates and advantages like never before.

This partnership marks a fresh chapter in your trading voyage, propelling you toward more intelligent and secure trades on PancakeSwap. Join us in embracing this thrilling leap forward and explore the future of trading!

Road to ultrasound CAKE

Ultrasound CAKE.jpg

🥞CAKE, our native token, is on track to become deflationary, ensuring a sustainable future for PancakeSwap.

The CAKE Syrup Pool emissions have been scaled back to 1 CAKE per block and will continue to decrease to 0.35 CAKE per block (~2% APR) by the end of October. Additionally, progressive Farm reductions have been implemented, leading to a rapid decrease in token minting from products.

📋Check out our progress in 2023 toward Ultrasound CAKE https://blog.pancakeswap.finance/articles/achieving-ultrasound-cake-our-deflationary-vision

New Liquid Staking Integration:

Liquid S Integration.jpg

We're introducing a new token on our Liquid Staking Integration with Synclub - backed by Helio Protocol

You can now stake BNB and Earn SnBNB!

Stake your BNB now https://pancakeswap.finance/liquid-staking

Hashdit Integrations

hashdit.jpg

We are happy teaming up again with HashDit to provide token scanning service on our Swap page!

Here's how: Select your tokens to swap on https://pancakeswap.finance/swap , and the results will be automatically delivered. Want to learn more about the scan result? Tap the "risk" label for a short description.

Remember: results are just a guide, not financial advice. Always DYOR!

Pancake Protectors Updates

protectos.jpg

This August, the Pancake Protectors is introducing two exhilarating competitions: "Duel of the Kings" and the cross-server showdown "PancakeSwap vs. MOBOX", initiated on the third and tenth days of the season, respectively. You are invited to join the Pancake Protectors to partake in this anticipated clash of strategies and skills!

Read more: https://blog.pancakeswap.finance/articles/pancake-protectors-new-seasonal-campaign-cross -server-peak-arena-pancake-swap-vs-mobox

If you’re new to the game, we are launching the StartPlay Series to help new players quickly learn the ropes and dive into the exciting world of Pancake Protectors. You'll easily grasp key gameplay strategies and fully enjoy your Pancake Protectors adventure!

Pancake Protectors Explained in 2 Minutes For Beginners | EP 1: From Connection to Conquest https://youtu.be/3gbxF8-eBAg?feature=shared

EP 2: How to recruit and train up heroes https://youtu.be/GZ_Qf8_g2ZI?feature=shared

EP 3: Ways to level up your heroes https://youtu.be/6FYeGbDc-pM?feature=shared

Merch Store

merch.jpg

We're excited to announce the launch of PancakeSwap's official merchandise store, a new avenue for our users to connect with the brand they love. Whether you're looking for stylish apparel or unique accessories, our store offers a diverse selection to suit your preferences.

As we roll out this new shopping experience, it's important to note that the store is currently in its beta version. We value your input and feedback tremendously, and we're committed to refining and expanding the store based on your suggestions.

This is another step in our ongoing journey to enhance user engagement and provide innovative ways for our community to interact with PancakeSwap. Buy your merch here 👉 https://merch.pancakeswap.finance

Happy shopping!

Interviews in the Kitchen Return : Brownie, Bun and Mochi

mochi.jpg

Exciting News! "Interviews in the Kitchen" is back. For those who might be new to the community, Interviews in the Kitchen has been a cherished tradition that began quite some time ago, with the primary aim of fostering a stronger bond between our incredible community and the dedicated team behind PancakeSwap.

During August, we brought not one, not two, but three interviews! So make yourself comfortable and come and meet the masterminds behind PancakeSwap!

📖Chef Mochi - Head Chef 👉 https://blog.pancakeswap.finance/articles/interviews-in-the-kitchen-chef-mochi-and-his-recipe-for-pancake-swap-s-success

📖Chef Brownie - Marketing Lead 👉 https://blog.pancakeswap.finance/articles/kitchen-interviews-chef-brownie-s-guilty-pleasure-plants

📖Chef Bun - Product Manager 👉 https://blog.pancakeswap.finance/articles/interviews-in-the-kitchen-bun-the-multitasking-dumpling

Still Cooking - Coming Soon!

We have some exciting plans on the horizon:

Multichain Expansion

This summer, we've expanded to five different chains, bringing our total supported blockchains to eight. But our journey doesn't end here; expect our v3 release to include support for yet another chain in the coming month.

Fiat on-ramp

Our fiat on-ramp integration has provided users with an entry point into the PancakeSwap DEX ecosystem, allowing them to embark on their crypto journey. Thanks to our partners like Moonpay and Mercuryo, we currently support fiat transactions on three different chains. Stay tuned as we expand this feature to include more chains, offering our users a wider range of entry options.

Birthday Month

Guess what month it is? It's September, which marks PancakeSwap's birthday month. Keep an eye out for announcements from our chefs as we celebrate our 3-year journey with our beloved community.

Still hungry?

Join us on Twitter , Telegram, in our Discord server, or in our growing Reddit community!

Bon appétit!

The Chef's 🐰🥞

How does it work?
Learn basics of PancakeSwap
Trade tokens, earn rewards and play to win!