- PancakeSwap (CAKE) price& rose 13% in 24 hours, fueled by activity in BNB Chain and the broader altcoin market.
- Upside helped by a 200% spike in trading volume amid Infinity launch and new incentive campaign
- If CAKE breaks the $3.30 resistance, bulls could eye $10.
PancakeSwap is looking to extend gains above a key level, with gains in the past 24 hours amid a 200% spike in trading volume.
The decentralized exchange’s PancakeSwap Infinity has sparked a frenzy of activity.
As Bitcoin bounced and BNB price spiked, CAKE has drawn traders and enthusiasts eyeing an opportunity as the platform expands.
PancakeSwap price gains double-digits
CAKE rose 13% in 24 hours, fueled by activity in BNB Chain and the broader altcoin market as BNB price jumped above $850. The catalyst for the latest price move looks to be the recent unveiling of PancakeSwap Infinity on the Base network.
Infinity is the decentralized finance platform’s modular framework, featuring customizable “Hooks” offering smart contract plug-ins. Developers and users can leverage the innovation for tailored liquidity pools, with key features including dynamic fees, rebate systems, and onchain limit orders.
Following its initial rollout on BNB Chain in April, the move to Base has coincided with the network’s total value locked.
CAKE is also gaining amid a new network incentive campaign.
“PancakeSwap is excited to launch 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 extra time to participate and can earn a share of ~$250,000 in rewards by trading these tokens on PancakeSwap until August 5, 2025,” the DEX wrote in a blog post.
Details show the TVL has jumped to above $4.29 billion, up more than 33% year-to-date.
Interest in the Base deployment has seen the 24-hour DEX volume for PancakeSwap surge nearly 200% to over 4417 million. Per CoinMaketCap, CAKE’s market cap has increased to over $2.3 billion.
What next for CAKE price?
As of writing, PancakeSwap native token’s 13% gain over the last 24 hours puts it top of the list of gainers in this period. Crypto analyst CryptoBullfish shared the take 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
CAKE’s 19% uptick in the past week also sees it rank in the top 10 &- behind Ethena, Flare, Cronos and Story.
While BNB rode BNB Chain activity to break to a new all-time high above $850, PancakeSwap was eyeing fresh gains around $3.30. Should CAKE breach this critical resistance level, it could witness a bold push toward $5 and potentially $10.
On the contrary, support lies around $2.
The post PancakeSwap jumps on 200% volume spike and Infinity launch appeared first on CoinJournal.
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