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PancakeSwap’s Telegram channel hits 98,939 members, confirming its status as the 2nd‑largest DEX by volume and showcasing its Arbitrum launch and upcoming
PancakeSwap’s official Telegram channel now shows 98,939 members, with 2,301 online, underscoring the DEX’s broad community as it expands across multiple chains and prepares new Arbitrum‑focused products【1】.
| At a glance | |
|---|---|
| Telegram members | 98,939 |
| Online now | 2,301 |
| Arbitrum mainnet launch | 10 Aug 2023 |
| Weekly Arbitrum v3 volume | $28 M (Feb 2024) |
The Telegram figure reflects PancakeSwap’s rapid user growth since its September 2020 debut. The DEX is the second‑largest by trading volume and third‑largest by total value locked (TVL) across all chains, a status confirmed in its Arbitrum grant application【2】. On Arbitrum, weekly trading volume surged from $2 M in August 2023 to $28 M by February 2024, while daily average TVL rose to $4.67 M in early March 2024【2】. These metrics illustrate that the community’s size is matched by increasing on‑chain activity.
PancakeSwap’s Arbitrum rollout includes concentrated‑liquidity v3 pools, a relaunched Prediction market (targeted before 22 Apr), and a partnership with Stryke to launch CLAMM options trading. The protocol currently emits $3 M‑annualized in CAKE incentives to Arbitrum v3 farms, with an average APR of ~120 % that the team plans to trim to 22.5 % for better capital efficiency【2】. The grant request of 450,000 ARB aims to boost daily volume to $15.25 M and TVL to $12.7 M, maintaining a 1.2× volume/TVL ratio similar to existing performance【2】.
PancakeSwap has disclosed two past vulnerabilities—LotteryV1 (Feb 2021) and SYRUP Pool (Oct 2020)—both resolved without fund loss【2】. Ongoing audits and a bug‑bounty program reinforce its security posture, a factor that likely contributes to the steady growth of its Telegram community.
The swelling Telegram membership signals strong community interest, but the DEX’s future relevance will hinge on delivering the promised Arbitrum upgrades and maintaining its security record amid expanding product complexity.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 12, 2026 · How we report
PancakeSwap launched in September 2020 on BNB Chain as a fork of Uniswap.
CAKE is used for governance voting, staking rewards, liquidity incentives, and participation in platform features such as Syrup Pools.
Sources report TVL of more than $2.3 billion in 2024 and over $4 billion in 2022.
Yes, flash‑loan attacks in December 2025 drained about 138.6 WBNB and in February 2026 drained roughly $422 K, though no major hacks of its forks were reported.
The platform includes yield farming, prediction markets, a lottery system, perpetual futures trading, an NFT marketplace, and Initial Farm Offerings (IFOs).