- PancakeSwap (CAKE) price rose 13% in 24 hours, driven by BNB Chain activity and a broader altcoin market rally.
- The surge was supported by a near 200% spike in trading volume following the launch of Infinity and a new incentive campaign.
- If CAKE breaks the $3.30 resistance, bulls could target $10.
PancakeSwap is attempting to extend gains above a key level after posting strong 24-hour returns amid a nearly 200% rise in trading volume.
The launch of PancakeSwap Infinity on Base has ignited a wave of activity across the decentralized exchange.
As bitcoin rebounded and BNB climbed higher, CAKE drew traders and enthusiasts looking for opportunities as the platform expands.
PancakeSwap posts double-digit gains
CAKE advanced roughly 13% in the past 24 hours, buoyed by heightened activity on the BNB Chain and a stronger altcoin market, while BNB surpassed $850. The primary catalyst appears to be the recent rollout of PancakeSwap Infinity on Base.
Infinity is the platform’s modular framework featuring customizable “hooks” that act as smart-contract plug-ins. Developers and users can use these innovations to build tailored liquidity pools with features such as dynamic fees, rebate systems, and on-chain limit orders.
After its initial deployment on BNB Chain in April, the move to Base coincided with an increase in total value locked across the network.
CAKE’s momentum was also supported by a fresh incentive campaign from the network.
“PancakeSwap is excited to announce a new trading campaign featuring five Binance Alpha tokens on the BNB chain: Bedrock (BR), MilkyWay (MILK), League of Traders, NodeOps (NODE) and Moonveil (MORE). Due to community feedback, the campaign has been extended! You now have more time to participate and can earn a share of ~ $250,000 in rewards by trading these tokens on PancakeSwap through August 5, 2025,” the DEX wrote in a blog post.
Platform metrics show TVL surged to over $4.29 billion, an increase of more than 33% year-to-date.
Interest surrounding the Base deployment pushed PancakeSwap’s 24-hour DEX volume up nearly 200% to more than $4.417 billion. According to CoinMarketCap, CAKE’s market capitalization rose to over $2.3 billion.
What’s next for CAKE price?
At the time of writing, CAKE’s 13% 24-hour gain puts it among the top performers in that timeframe. Crypto analyst CryptoBullfish shared the view below on CAKE and BNB:
$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
The token’s 19% gain over the past week also placed it among the top ten weekly performers, trailing coins such as Ethena, Flare, Cronos and Story.
With BNB benefiting from heightened BNB Chain activity and reaching a new all-time high above $850, PancakeSwap eyes further upside around $3.30. A decisive break above that resistance could open the door to a push toward $5 and, potentially, $10.
On the downside, initial support for CAKE sits near $2.