PancakeSwap Data on TVL, Trading Volume, Users and Supply

PancakeSwap Data on TVL, Trading Volume, Users and Supply

By dalz | dalz blog | 7 Apr 2021


The Uniswap of the Binance Smart Chain BSC has been growing as the overall BSC ecosystem. It’s the number one app on BSC leading in most of the metrics.

Let’s take a look at some of the data!

Here we will be looking at:

  • Total Value Loc TVL
  • Trading Volume
  • Transactions
  • Numbers of users
  • Top pairs
  • Price

The period that we will be looing at is form September 2020 to March 2021.

Historical Data on Total Value Lock on Pancake

Here is the chart.

02.png

Note: I wasn’t able to find clean data on TVL on Pancake so it’s a rough representation.
The main info page on Pancake has been broken for some time now.

As we can see up to January 2021 the trading volume on Pancake was quite small in terms of hundred of millions. The in January it started to grow and really exploding in February 2021, reaching more than three billion.

From there the TVL has kept growing reaching 6B at the moment of writing this. Quite an explosive growth.

Trading Volume

Here is the chart for the trading volume.

03.png

This one is a bit more interesting than the TVL. We can see here the explosive growth on Pancake in February 2021 reaching more than 2.5B on some occasinos. In the lat period the trading volume has been in the range between 1B to 1.5B per day.

A note on the trading volume. Unlike the TVL where capital is locked in smart contracts, the trading volume can be played a bit with wash trading. Since the fees are smaller on BSC its cheaper to wash trade there. It also can be happening on Uniswap as well. The main point here is that the trading volume should be taking with some reserves due to possible wash trading. Still more legit than most of the CEXs where the trading is on a central servers and zero fees 😊.

Daily Transactions

The chart for the daily transactions looks like this.

04.png

Some similarities with the trading volume here, with a spike at the end of February up to 140k transactions then a drop to 80k. The low fees on BSC allow for more daily transactions to be made.

Numbers Of Users

The chart for the number of users/wallets looks like this.

05.png

A nice growth here as well, reaching more than 50k active wallets per day. These are some serious numbers for crypto. Again the low fees act more inclusively for the wallets with smaller stake allowing more active users.

Top Pairs

Here is the table for the top 10 pairs on March 31, 2021.

06.png

The BNB-CAKE pair is on the top by a lot here with more than 400M in liquidity.
The BNB-BUSD pair comes on the second place.

We can notice a lot of the top pair are with BNB. Out of the top 10, 6 are paired with BNB. This is locking more BNB and putting it to use. No wonder the price increase of BNB.

We can se the stables to stales pair in the top as BUSD-USDT, BUSD-DAI and BUSD-USDC.

CAKE Supply

Here is the chart for the CAKE supply.

07.png

CAKE has a high inflation, but a lot of that is burned as well.

The CAKE emission rate is 40 tokens per block, but 15 are being burned ending with 25 tokens per block. Recently there was a voting to reduce the inflation further by 10% or 20%.
Also CAKE is burned from the lottery and the IFOs.

At the moment CAKE has 144M tokens in supply, adding just above 1M more tokens per day.
It will be a challenge to maintain the price with such an inflation, but If further reductions are made and more burn, everything is possible. The statement from the team is that they want to be inflation neutral in the long term.

Price

At the end the chart for the price.

08.png

CAKE has been trading under a dollar at first. Then the price kept growing to 17$, had a pullback to 10$, and then up again to around 18 where it stands now. The CAKE market cap is at 2.6B now, ranking it at 45th place.

Overall, quite an impressive numbers for PancakeSwap in the last months.

All the best
@dalz



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