Pancake Data on TVL, Trading Volume, Users and Supply

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PancakeSwap has continuously building in the last period introducing new features on their platform, like prediction markets, IFOs etc. They started as a Uniswap clone on the Binance Smart Chain, but as times progress they have been building and making their own mark on the industry.

The low fees on BSC and the dynamic tokenomics, ease of use has made this platform attractive to new and old users. They have outperformed Uniswap in most of the metrics, except the market cap 😊.

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

2.png

Here we will be looking at:

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

The period that we will be looing at is form December 2020 to June 2021.

PancakeSwap has been around since September 2020, but it started to take of in December 2020.

Historical Data on Total Value Lock on Pancake

Here is the chart.

02.png

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.

A short period of consolidation and the a strong up move in April and the beging of May with a ATH in TVL of 10B. A correction followed, with the overall correction of the market and now PancakeSwap has around 7B in TVL.

Trading Volume

Here is the chart for the trading volume.

03.png

This is quite a volatile chart with some data missing as well.
We can see that it follows the TVL overall with a strong growth in February 2021, and even higher uptrend in April and May. What interesting the trading volume hasn’t dropped as much as the TVL, except in the last few days.

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 😊.

Numbers Of Users

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

04.png

Disclaimer: This chart was pooled out from Graphql.bitquery, since there is not much of data from official aggregators, and the data can be wrong.

This is quite a volatile chart and I would take this data with some reserves. The number of DAUs went higher then 300k at the end of April 2020. While there have been reports on number of users on Pancake more than 100k, 300k seems a bit high. Also the correction is even higher going under 50k DAUs.

My personal thoughts about DAUs on Pancake is that they have been somewhere in the range between 50k to 100k. On a monthly basis they are probably more than one million now.

Top Pairs

Here is the table for the top 10 pairs on June 13, 2021.

05.png

The BNB-CAKE pair is on the top by a lot here with more than 600M 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, five 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, and BUSD-USDC.

CAKE Supply

Here is the chart for the CAKE supply.

06.png

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

Its interesting that CAKE seem to be reaching a balance point in terms of the inflation. For example in May 2021, around 15M CAKE was added to the supply, on top of an existing 160M. In October 2020 more than 30M was added to a supply of just a few millions.

What the above means is that in the last nine months of its existence CAKE now has less then a 100% inflation and soon it will reach 50% inflation In defi 50% is low inflation 😊. But in the nine months of its existence CAKE has positioned it self as one of the dominant players in defi, using that massive inflation for massive growth, establishing a project with around 3B marketcap and ranked around the 40th spot. The statement from the team is that they want to be inflation neutral in the long term.

At the moment CAKE has 180M tokens in supply.

Price

At the end the chart for the price.

07.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 ATH of 40$, and a correction to 15$, where it stands now. The CAKE market cap is at 2.8B now, ranked around the 40 spot.

Overall, quite an impressive numbers for PancakeSwap. Will be interesting how things move going forward with the project, they seem to be putting out constant updated and have plans for more. It will be interesting to see how the project perform in a bull market, because since it inception there has been only a bull market.

All the best
@dalz

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The interesting part about this one is that I can tell how fast users on crypto will change their minds very quickly if their "guaranteed" value proposition is not working anymore. Most of these users are after quick bucks and will ditch the system as soon as the quick bucks are no more.

It's something for people to be careful about before investing.

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This is probably mainly the result of the bad marketing of Steemit. Steemit was/is advertised with the money earning opportunity, and that is mainly attracted/attracting the selfish and greedy people.

Indeed.

Absolutely true ... a small percent do stay though :)

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Yes, those, who truly believe in the system, and have long term plans, and not just/only after the "quick bucks".

pancake is using more and more I have bought some too

I like pancake. I also like pizza, and I give you some !PIZZA. 😂

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good to see that it has active development

In many ways PancakeSwap made DeFi accessible. I consider myself privileged compared to some of the folks who can barely afford a laptop/phone etc. Uniswap was completely out of my reach. BSC Dapps did a lot to help the small guys. I still don't have any CAKE. My DeFi is all in on CUB (which could be the next PancakeSwap)

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This is the first time I have seen historical TVL data plotted as a chart. I have always wanted to see it. I know the data reside in the chain, but I haven't found a simple way to get it out and plot it.

Can you publish a cookbook on how?

Also love to see similar posts on all popular yield farming projects.

Many thanks!

Thanks!
I have used this api
api.llama.fi/dataset/pancakeswap.csv

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I think it is doing pretty well considering BNB based swaps have taken a beating.

I think users jumhping around quickly is pretty standard in crypto as we have experienced

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I wonder if CUB can achieve the same pricing pattern as Cake has? CUB probably has turned the dial up in terms of innovation...time Will tell

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This really does show what can become of a platform that continually works to improve itself. Everybody looks at CAKE now like it is a no-brain success story when in fact, we all could have bought as much as we wanted under $1 for quite some time. At that point, nobody really wanted it.

The parallels to CUB could be striking down the road. If they keep innovating and improving, there's no reason it can't see $10 or more and become a major player in the realm of defi. With the LeoBridge and Kingdoms being added, they are slowly expanding their reach. As long as they keep a sharp focus on security, I think the future could be very bright. We've just had almost a 50% uptick in price in the last couple days. Could be just the beginning....

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Thanks for collecting and showing us these datas.

I have to say I am quite disappointed with the user. TVL and volume numbers.

Burns are at the level I was expecting them to be but I am wondering if it can sustain a $15-20 price range now.

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TVL has not decreased by a great number even after the price had dropped by big % in the cake which is a good sign for the potential. Personally, I am staking in Cake/busd pair. There is huge room for panecakeswap to grow and Ethereum delay is adding more opportunity to it.

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That’s a great breakdown of the Pancakeswap platform and the numbers associated. Reblogging for the https://coin-logic.com audience and it will show on the front page rotating feed!

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