- PancakeSwap launched native V3 liquidity pools on Solana, its eleventh supported blockchain network, on July 1, 2025.
- Liquidity providers can earn up to 84% of generated fees using concentrated liquidity within specific price ranges.
PancakeSwap, a widely used decentralized exchange (DEX), has launched its version 3 liquidity pools directly on the Solana blockchain. This move, confirmed on the platform’s official blog, marks Solana as the eleventh network where PancakeSwap operates.
Users can now trade Solana-based tokens directly through PancakeSwap. The new pools offer trading fees starting at 0.01%. For individuals supplying assets to these pools (liquidity providers), the potential return reaches up to 84% of the fees generated by trades occurring within their specific pool. PancakeSwap states this expansion uses Solana’s fast transaction speeds and low operational costs.
The newly launched pools employ a Concentrated Liquidity Automated Market Maker (CLAMM) model. This system allows liquidity providers to focus their deposited funds within chosen price ranges.
PancakeSwap indicates this method aims to improve potential returns for providers while decreasing unused capital. This CLAMM structure is already active on other networks PancakeSwap supports, including BNB Chain and Ethereum.
Key features for liquidity providers on Solana include the ability to set custom price ranges for their supplied assets. Positions within these liquidity pools are represented as Non-Fungible Tokens (NFTs). PancakeSwap states this NFT format simplifies managing and transferring liquidity positions.
Traders using the new Solana pools benefit from the low starting fee of 0.01%. PancakeSwap also reports a decrease in price movement (slippage) during trades for specific token pairs available on Solana, such as BONK-SOL, PYUSD-USDT, and EURC-USDC.
PancakeSwap previously enabled basic trading for some Solana tokens starting in April 2025. However, this initial step used an external protocol and lacked native PancakeSwap liquidity pools. The absence of native pools prevented features like CAKE token burning or direct rewards for liquidity providers on Solana at that time.
With the Solana addition, PancakeSwap now functions across these eleven networks:
- BNB Chain
- Ethereum
- Solana
- Polygon (Polygon zkEVM)
- Arbitrum One
- Base
- zkSync Era
- Linea
- opBNB Mainnet
- Monad Testnet
- Aptos
This multi-network approach aligns with PancakeSwap’s stated goal of broad accessibility within decentralized finance.
PancakeSwap’s native token CAKE is trading at $2.260 USDT, reflecting a −3.25% daily drop, reversing part of its 3.95% gain on the week. Despite minor recovery attempts, CAKE remains −1.82% down for the month, and year-to-date performance is negative at −9.88%, suggesting a prolonged period of underperformance relative to major DeFi competitors.
Technically, CAKE is trading near the neckline of a Head & Shoulders pattern, around the $2.18–$2.20 zone, which coincides with a long-standing ascending support trendline.
A breakdown below this level could trigger further downside to $1.85–$1.95, while reclaiming the $2.35–$2.40 area could open a path toward the next resistance at $2.60. Momentum indicators are bearish in the short term, and volume has decreased compared to the recent bounce, suggesting a lack of conviction from bulls.
Fundamental updates influencing sentiment around CAKE include:
- PancakeSwap v3.0 is launching liquidity pools on the Solana blockchain, indicating a strategic multi-chain expansion to capture additional market share in the high-performance DeFi space.
- A series of upcoming AMAs and live streams across Telegram, Discord, and X (formerly Twitter) are scheduled between June 30 and July 2, suggesting the team may be preparing to unveil product upgrades or partnerships.
- PancakeSwap was recently listed on Coinbase, which is significant for exposure but hasn’t yet translated into a strong price breakout—likely due to broader DeFi sector stagnation.
- The project has introduced a Telegram trading bot for token swaps, targeting retail accessibility and increasing real-time DeFi utility.
- Despite these developments, CAKE continues to suffer from low TVL growth and competition from L2 ecosystems like Arbitrum and Base, where more aggressive yield opportunities are drawing capital.
CAKE remains fundamentally active with a solid roadmap but is facing market pressure due to bearish technical patterns and underwhelming ecosystem traction. A trade move above $2.40 would shift near-term bias to neutral-bullish, but a break below $2.18 could result in a sharper capitulation phase.
