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Why did the price of CAKE go up?

PancakeSwap (CAKE) climbed 10.6% in the past 24 hours, building on a strong weekly gain of 68.5%. This growth is driven by the launch of CAKE.PAD’s deflationary model, increased activity on the BNB Chain, and positive technical signals.

  1. CAKE.PAD launch (Positive) – All participation fees are burned, reducing CAKE supply.
  2. BNB Chain growth (Positive) – Record decentralized exchange (DEX) trading volumes and rising BNB prices support CAKE.
  3. Technical breakout (Positive) – Indicators like MACD and RSI show upward momentum, with a price target near $4.31.

In-Depth Analysis

1. CAKE.PAD Launch & Token Burns (Positive Impact)

Overview: On October 6, PancakeSwap introduced CAKE.PAD, replacing its previous Initial Farm Offering (IFO) system. Instead of staking or locking tokens, users simply commit CAKE to gain early access to new tokens. Importantly, 100% of the fees paid to participate are permanently burned, reducing the total supply of CAKE.

Why this matters:

What to watch: Upcoming weekly burn reports (expected around October 8–9) and how widely CAKE.PAD is adopted.

2. BNB Chain Momentum Boost (Positive Impact)

Overview: Binance Coin (BNB) reached a new all-time high of $1,304, up 7.5% in 24 hours. Meanwhile, the BNB Chain’s decentralized exchange volume hit a record $5.6 billion daily (The Block). PancakeSwap alone handled about $80 billion in trading volume in September, its highest since 2021.

Why this matters:

3. Technical Breakout Signals (Positive Impact)

Overview: CAKE’s price recently rose above its 200-day exponential moving average (EMA) at $2.41 and passed the 23.6% Fibonacci retracement level at $3.55. Key technical indicators include:

Why this matters: Traders are buying on momentum, and if CAKE closes above $4.31, it could trigger a surge of buying driven by fear of missing out (FOMO).

Summary

CAKE’s recent price surge is fueled by faster token burns through CAKE.PAD, strong activity in the BNB Chain ecosystem, and encouraging technical trends. While the outlook is positive, it’s important to watch if CAKE.PAD continues to drive burns and whether the BNB rally maintains its strength.

Key point to monitor: Can CAKE stay above its 7-day simple moving average (SMA) at $3.18 amid broader market fluctuations?


What could affect the price of CAKE?

The future price of PancakeSwap (CAKE) depends on how its supply changes, how widely its products are used, and the overall strength of the BNB Chain ecosystem.

  1. Tokenomics 3.0 Deflation – CAKE’s daily new token release is cut by 44%, plus faster token burns, which could reduce supply and push prices up.
  2. CAKE.PAD Launch – All fees from this new launchpad are burned, which could increase demand if more projects use it.
  3. BNB Chain Dominance – CAKE’s trading volume is closely linked to how well the BNB Chain performs, creating both risks and opportunities.

Deep Dive

1. Tokenomics 3.0: Deflation vs. Unlock Risks (Mixed Impact)

Overview:
PancakeSwap’s Tokenomics 3.0 reduces the daily release of new CAKE tokens from about 40,000 to 22,500—a 44% drop—and burns 5% of pool fees to shrink the supply by roughly 4% per year. However, the removal of veCAKE (a locked token) and unlocking over 343 million staked CAKE tokens could lead to short-term selling pressure.

What this means:
In the long run, fewer new tokens entering the market could help support the price. But in the short term, unlocking large amounts of CAKE might cause some price drops until the burning of tokens balances out the new supply. For example, after the previous Tokenomics 2.5 update in January 2024, CAKE’s price rose 80%, but there was volatility when tokens were unlocked.

2. CAKE.PAD Adoption & Burn Mechanics (Bullish)

Overview:
The new CAKE.PAD launchpad burns 100% of the fees collected from participants. So far, 350 million CAKE tokens have been burned through this mechanism. If upcoming projects like KLINK (launching October 7) attract users, this could speed up the reduction of CAKE’s supply.

What this means:
Each launch event encourages users to buy and lock CAKE tokens, while the fees collected are permanently removed from circulation. The success of CAKE.PAD depends on the quality of projects it hosts—strong launches, especially those partnered with big names like Binance, could create a cycle of growing demand similar to BNB Launchpad.

3. BNB Chain Growth & DEX Competition (Mixed Impact)

Overview:
The BNB Chain sees about $5.6 billion in daily decentralized exchange (DEX) trading volume, which supports CAKE’s use and value. However, competitors like Hyperliquid, which generates $2-3 million in daily fees, pose a challenge. CAKE is also expanding to other blockchains like Solana and Base to reduce its dependence on BNB Chain.

What this means:
BNB Chain’s strong 80% price rally since July has helped CAKE’s trading volume. But shifts in the market, like altcoin rotations (measured by the CMC Alt Season Index at 56), could move liquidity away from CAKE. To justify its $1.45 billion market value compared to other projects, CAKE needs to maintain over $1 billion in daily trading volume.

Conclusion

CAKE’s outlook depends on balancing aggressive supply reduction with the risks from unlocking large token amounts and the overall health of the BNB Chain. Keep an eye on CAKE.PAD’s burn rate (aiming for over 5 million CAKE burned monthly) and BNB’s market strength (currently 58.19%). If token burns outpace unlocks and BNB stays above $1,300, CAKE could test the $6 price level (based on Fibonacci analysis).

The key question: Will CAKE’s reduced token emissions and new product features be enough to absorb the selling pressure from the 343 million tokens becoming available?


What are people saying about CAKE?

CAKE is buzzing with excitement over new launches, token burns, and some concerns about Binance’s support. Here’s the quick rundown:

  1. CAKE.PAD launch sparks a 15% price jump – token burns are driving optimism.
  2. Solana integration boosts trading volume past $100 million – expanding CAKE’s reach across blockchains.
  3. Claims of Binance “sidelining” CAKE stir debate – mixed feelings about loyalty within the ecosystem.
  4. Technical signals show mixed messages – some warn of overbought conditions while others see bullish trends.

Deep Dive

1. @PancakeSwap: CAKE.PAD Launch Ignites Burn Frenzy 🚀 Positive Outlook

"100% of CAKE.PAD fees burned permanently – accelerating ultrasound CAKE era."
– @PancakeSwap (2.1M followers · 12.3M impressions · 2025-10-06 22:33 UTC)
View original post
What this means: PancakeSwap’s new launchpad, CAKE.PAD, ties demand for CAKE tokens directly to participation in new projects. Every fee collected is burned, meaning those tokens are permanently removed from circulation. In August alone, 2.7 million CAKE tokens were burned. This deflationary mechanism reduces supply, which can help push prices higher as demand grows.

2. @StargateFinance: Solana Cross-Chain Boom 📈 Positive Outlook

"CAKE now moves between Solana and 8 chains with zero slippage via LayerZero."
– @StargateFinance (480K followers · 2.1M impressions · 2025-07-28 13:30 UTC)
View original post
What this means: CAKE’s integration with Solana allows users to trade CAKE across multiple blockchains seamlessly, without losing value in the process. This has helped CAKE reach over $100 million in daily trading volume on Solana alone. Cross-chain trading now makes up 31% of PancakeSwap’s total $5.6 billion decentralized exchange volume, according to The Block.

3. @Altcoin1hunter: "Betrayal" by Binance? 🚩 Concerns Raised

"$CAKE built BNB Chain’s DeFi scene – now Binance only pushes $BNB."
– @Altcoin1hunter (89K followers · 310K impressions · 2025-09-03 08:24 UTC)
View original post
What this means: Some community members feel Binance, the leading crypto exchange behind the BNB Chain, is focusing more on its native BNB token and less on CAKE. This has sparked worries that CAKE’s growth might slow down. However, CAKE remains the top decentralized exchange (DEX) on BNB Chain, with $513 billion in trading volume during Q2, according to CoinMarketCap analysis.

4. @johnmorganFL: Overbought Signals Flash Red 📉 Mixed Signals

"CAKE RSI(7) at 80.3 – golden cross vs. overheated metrics. Pullback likely?"
– @johnmorganFL (220K followers · 1.7M impressions · 2025-07-28 16:33 UTC)
View original post
What this means: Technical indicators show conflicting signals. The “golden cross” (a bullish sign where short-term moving averages cross above long-term ones) suggests upward momentum. But the Relative Strength Index (RSI) is over 80, indicating the token might be overbought and due for a price correction. Traders are watching the $3.00 level closely as a key support point if profit-taking occurs.

Conclusion

Overall, the outlook for CAKE is optimistic but cautious. The deflationary token burns from CAKE.PAD and the growing cross-chain capabilities, especially with Solana, support ongoing demand. So far, over 350 million CAKE tokens have been burned, reducing supply significantly. However, watch the $3.80 to $4.20 price range carefully—breaking above this could push CAKE toward $5, while failure to hold might lead to a drop near $3.20. Keep an eye on weekly burn reports and BNB Chain’s DEX trading volume for signs of sustained momentum.


What is the latest news about CAKE?

PancakeSwap is heating up with new token burns and expanding across blockchains. Here’s what’s new:

  1. CAKE.PAD Launch (October 6, 2025) – A new token launch platform helped push CAKE’s price up 15% by burning tokens aggressively.
  2. BNB Chain Boom (October 7, 2025) – A surge in meme coin trading on BNB Chain led to record PancakeSwap trading volumes.
  3. Solana Expansion (July 28, 2025) – PancakeSwap now supports cross-chain swaps with Solana, increasing CAKE’s reach across multiple blockchains.

Deep Dive

1. CAKE.PAD Launch (October 6, 2025)

What happened:
PancakeSwap replaced its old Initial Farm Offering (IFO) system with CAKE.PAD, a new platform for launching tokens. Instead of staking or locking up tokens, users commit CAKE to participate. All fees collected are burned, meaning those tokens are permanently removed from circulation. So far, over 350 million CAKE tokens have been burned, speeding up the reduction of supply.

Why it matters:
This is good news for CAKE holders because it creates more demand and reduces supply at the same time. Experts estimate that if this platform keeps growing, it could burn 5-7% of CAKE’s yearly supply. However, the platform’s success depends on continued interest from projects and users.
(Source: NullTX)

2. BNB Chain Boom (October 7, 2025)

What happened:
Trading on decentralized exchanges (DEXs) on the BNB Chain hit $5.6 billion in daily volume, driven by a popular meme coin rally in China. PancakeSwap handled over 80% of this activity. During this time, CAKE’s price jumped 70% in one week, while BNB itself reached record highs.

Why it matters:
Higher trading volumes mean more fees collected and more CAKE tokens burned—about $1.16 million worth per week in October. But this kind of trading can be volatile and risky since it’s driven by speculation. The future depends on whether BNB Chain can keep attracting developers and users after Binance CEO Changpeng Zhao’s (“CZ”) support for meme coins.
(Source: The Block)

3. Solana Expansion (July 28, 2025)

What happened:
PancakeSwap added cross-chain swap support for Solana using LayerZero technology, allowing CAKE tokens to move between eight different blockchains. Trading of CAKE on Solana exceeded $500 million in August, with Turbo Farms offering higher yield opportunities.

Why it matters:
This expansion helps CAKE reach new users and use cases, which is a positive sign. However, CAKE’s liquidity on Solana is still much smaller compared to BNB Chain. The success of this move depends on attracting more institutional investors and users to Solana’s decentralized finance (DeFi) space.
(Source: Stargate Finance)

Conclusion

PancakeSwap is using token burns and the growing popularity of BNB Chain to fuel CAKE’s impressive 80% price increase over the past 90 days. With CAKE.PAD speeding up token burns and new cross-chain features, the big question is whether this momentum will last if the meme coin craze fades. Keep an eye on the CAKE burn rate and Solana’s total value locked (TVL) for signs of what’s next.


What is expected in the development of CAKE?

PancakeSwap’s roadmap is centered on expanding across multiple blockchains, improving user experience, and launching new decentralized finance (DeFi) products.

  1. Crosschain veCAKE Expansion (Q3 2024) – Allows CAKE stakers to use their voting power across different blockchains.
  2. Web3 Quest Platform (Q3 2024) – A gamified system where users earn rewards by engaging with the platform.
  3. UI/UX Revamp (Q3 2024) – A cleaner, easier-to-use interface for swapping tokens and managing liquidity across chains.
  4. Multichain Simple Staking (Q3 2024) – Stake CAKE once to earn rewards on multiple blockchains without extra steps.

Deep Dive

1. Crosschain veCAKE Expansion (Q3 2024)

What it is: Currently, CAKE holders who lock their tokens to gain voting power (called veCAKE) can only vote on one blockchain at a time. This update will let them vote on liquidity incentives across all blockchains PancakeSwap supports, like Ethereum, BNB Chain, and Solana.

Why it matters: This could encourage users to lock their CAKE tokens longer, reducing the number of tokens available for trading and potentially increasing value. However, if the crosschain voting process is complicated, users might not adopt it quickly.

2. Web3 Quest Platform (Q3 2024)

What it is: A new feature where users complete tasks—such as trading, adding liquidity, or voting—to earn rewards like NFTs and CAKE tokens. This platform will work with partners like Privasea AI and FalconStable (PancakeSwap Docs).

Why it matters: This could keep users engaged and increase platform activity. But if too many rewards are given out without balancing token supply, it might reduce CAKE’s value.

3. UI/UX Revamp (Q3 2024)

What it is: PancakeSwap is redesigning its interface to be more mobile-friendly, adding features like price charts, easier pool creation, and real-time yield calculators. Recent updates already improved crosschain swaps and lowered transaction fees using EIP-5792 (August 2025 Recap).

Why it matters: A simpler, more attractive interface can bring in more everyday users, especially as PancakeSwap partners with Coinbase’s Retail DEX.

4. Multichain Simple Staking (Q3 2024)

What it is: Users will be able to stake CAKE once and earn rewards across all supported blockchains without moving tokens between chains. This is part of Tokenomics 3.0, which removed veCAKE in April 2025 to make staking easier.

Why it matters: Making staking straightforward could attract more users and increase total value locked (TVL). Success depends on smooth technical implementation across blockchains.

Conclusion

PancakeSwap is focusing on making its platform work seamlessly across multiple blockchains while improving how users interact with it. The crosschain voting and staking updates could reduce the available supply of CAKE, potentially increasing its value. Meanwhile, the Quest Platform aims to boost user engagement. It will be interesting to see how other decentralized exchanges respond to PancakeSwap’s bold multichain approach.


What updates are there in the CAKE code base?

PancakeSwap’s latest updates improve cross-chain use and make governance simpler.

  1. CAKE on Solana (July 28, 2025) – You can now transfer CAKE tokens 1:1 between Solana and 8 other blockchains using LayerZero’s OFT standard.
  2. veCAKE Sunset Finalized (April 22, 2025) – You have until October 23, 2025, to withdraw staked CAKE before the old staking system ends.
  3. SDK Updates (September 23, 2025) – Improved price handling for smoother currency swaps across different blockchains.

Deep Dive

1. CAKE on Solana (July 28, 2025)

What’s new?
CAKE tokens can now move seamlessly between Solana and eight other blockchains thanks to Stargate and LayerZero’s OFT (Omnichain Fungible Token) technology.

This means you can transfer CAKE without losing value (1:1 ratio), avoiding price slippage during transfers. It also marks PancakeSwap’s move beyond Ethereum-compatible chains, tapping into Solana’s fast network.

Why it matters:
This opens up CAKE to more users on Solana, making it easier to use CAKE across multiple blockchains and strengthening its role as a key token for cross-chain liquidity. (Source)

2. veCAKE Sunset Finalized (April 22, 2025)

What’s new?
PancakeSwap has phased out the veCAKE staking and governance system as part of its Tokenomics 3.0 update. Instead of veCAKE, 5% of trading fees will now be used to burn CAKE tokens, reducing supply.

Users must withdraw any staked CAKE by October 23, 2025. After that date, the withdrawal option will be removed, and any remaining staked CAKE will be locked forever. Governance will now be simpler, with voting power based directly on CAKE holdings (1 CAKE = 1 vote).

Why it matters:
This change simplifies how governance works but could cause some short-term selling as users withdraw tokens. Over time, it should make participation easier and help reduce the total supply of CAKE, which can be positive for the token’s value. (Source)

3. SDK Updates (September 23, 2025)

What’s new?
PancakeSwap updated its software development kit (@pancakeswap/swap-sdk-core v1.5.1) to handle prices more consistently across different blockchains, including non-Ethereum ones like Solana.

Supporting tools (v3-sdk and universal-router-sdk) were also updated to reduce errors and slippage during cross-chain swaps.

Why it matters:
Better price calculations mean smoother trades and a better user experience. This can attract more traders and arbitrageurs, increasing trading volume and revenue for PancakeSwap. (Source)

Conclusion

PancakeSwap is focusing on making CAKE more accessible across multiple blockchains (like Solana), simplifying tokenomics by ending veCAKE staking, and improving swap accuracy with SDK updates. These changes aim to boost usability and support long-term growth.

Will CAKE’s new Solana compatibility bring more liquidity as the veCAKE withdrawal deadline nears?