CAKE is showing renewed strength, up more than 6% in the past day and trading near $2.79 at press time. The token is currently the second-best performer in the market, with trading volume rising over 90%.
This surge follows the broader momentum in the BNB ecosystem, as Binance Coin (BNB) pushes into new all-time highs. With PancakeSwap built on BNB Chain, the connection between both tokens is attracting attention from traders.
Two notable tweets have added to the discussion. Top analyst A.A pointed out that CAKE price could double in value, citing BNB’s breakout and a strong high-time-frame setup.
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Meanwhile, BOSS MD noted that PancakeSwap price had flipped the $2.80 level into support and is showing bullish continuation patterns. These comments have coincided with bullish chart structure forming on multiple timeframes.
What you'll learn 👉
PancakeSwap Infinity Expands to Base
A major factor behind CAKE price current move is PancakeSwap’s expansion to Base, Coinbase’s Layer 2 network. PancakeSwap Infinity, the protocol’s newest upgrade, launched on July 22 across multiple chains, including BNB Chain, Arbitrum, and Base.
According to data from DeFiLlama, Base has surpassed $4.3 billion in total value locked and recently reached $1.6 billion in daily decentralized exchange (DEX) volume.
Infinity introduces customizable liquidity pools and “Hooks,” which allow dynamic fee structures and rebate mechanisms without altering the core contract.
These features offer up to 99% gas savings. The upgrade’s multi-chain support increases utility for CAKE holders and aligns the project with growing Layer 2 networks like Base, which briefly processed over 1,000 transactions per second in May.
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DEX Market Share and CAKE Ecosystem Synergy
PancakeSwap accounted for 45% of all DEX trading volume in Q2 2025, totaling $392 billion, according to CoinGecko. The protocol has benefited from Binance Alpha routing more trades through its infrastructure since May.
The on-chain versus centralized exchange (DEX/CEX) volume ratio reached 0.23, reflecting user preference for decentralized platforms.
CAKE also benefits from protocol revenue concentration, with 64% of its income derived from BNB Chain. Crypto.News reported that BNB Chain saw $191 billion in 30-day DEX volume, further reinforcing its network strength. These dynamics support the token’s value proposition in the broader DeFi market.
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PancakeSwap Technical Structure Points to Continuation
High-time-frame analysis of CAKE price shows the token has been consolidating in a range between $2.20 and $4.20 for over a year.
Weekly EMAs are beginning to flatten, and price is attempting to move above them. The range follows a prolonged macro downtrend from the 2021 highs above $40. Traders are watching the upper boundary near $4.20 as a potential breakout trigger.
On lower timeframes, CAKE price has been in a steady uptrend since mid-July. The 1-hour chart confirms higher highs and higher lows.
The $2.80 level was broken with volume and has turned into a new support zone. Trader BOSS MD flagged this zone as a possible reentry area for short-term continuation toward $3.00 and beyond.
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