- PancakeSwap’s price (CAKE) rose 13% in 24 hours, driven by heightened activity on the BNB Chain and a broad altcoin market rally.
- The rise was supported by a nearly 200% increase in trading volume related to the Infinity launch and a new incentive campaign.
- If CAKE breaks resistance at $3.30, bulls could target $10.
PancakeSwap is attempting to extend gains above a key level after a 13% 24-hour advance, accompanied by a roughly 200% increase in trading volume.
The launch of PancakeSwap Infinity generated intense on-chain activity.
As bitcoin rebounded and BNB’s price surged, CAKE attracted traders and enthusiasts seeking opportunities tied to the platform’s expansion.
PancakeSwap price posts double-digit gain
CAKE climbed 13% over 24 hours, boosted by renewed activity on the BNB Chain and a broad altcoin recovery, with BNB jumping above $850. The recent price move appears catalyzed by the announcement of PancakeSwap Infinity on Base.
Infinity is a modular framework for the decentralized finance platform that introduces customizable “hooks” — plug-in modules for smart contracts. Developers and users can leverage this innovation to create tailored liquidity pools with features such as dynamic fees, discount systems, and on-chain limit orders.
First launched on the BNB Chain in April, the project’s move to Base coincided with a rise in total value locked (TVL) across the network.
CAKE’s momentum was also supported by a new trading incentive campaign on the network.
“PancakeSwap is excited to launch a new trading campaign featuring five Binance Alpha tokens on BNB Chain: Bedrock (BR), MilkyWay (MILK), League of Traders, NodeOps (NODE) and Moonveil (MORE). Based on community feedback the campaign has been extended! You now have more time to participate and can earn part of approximately $250,000 in rewards by trading these tokens on PancakeSwap through August 5, 2025,” the DEX wrote in a blog post.
Details show TVL climbed above $4.29 billion, a year-over-year rise of more than 33%.
Interest in the Base deployment coincided with PancakeSwap’s DEX 24-hour trading volume jumping nearly 200% to over $4.417 billion. According to CoinMarketCap, CAKE’s market capitalization rose above $2.3 billion.
What’s next for CAKE price?
At the time of writing, the native PancakeSwap token’s 13% 24-hour gain ranked it among the top performers for the period. Crypto analyst CryptoBullfish shared a bullish take on CAKE and BNB, noting CAKE’s perceived undervaluation and upside potential relative to its previous all-time high.
$CAKE is probably the most undervalued coin right now.
$BNB is trading at all-time highs, while the main DEX token on BSC still has 15x potential just to reclaim its previous ATH. pic.twitter.com/pUckJ6mZS8— Crypto฿ullfish (@cryptobullfish) July 27, 2025
Thanks to a roughly 19% weekly gain, CAKE also moved into the top 10 performers for the week, alongside other notable tokens.
With BNB pushing to new highs above $850 on rising BNB Chain activity, PancakeSwap’s price tracked fresh momentum around $3.30. If CAKE clears this critical resistance, it could face strong upside pressure toward $5 and potentially $10.
On the downside, immediate support sits near $2.