Is PancakeSwap Safe?
Risk Grade: B (23/100)
PancakeSwap is rated as moderate risk — some novel mechanisms, generally well-understood.
Moderate risk — massive and widely used, but BNB Chain concentration and multi-chain bridge exposure create a large blast radius if something goes wrong
The largest decentralized exchange on BNB Chain, offering token swaps, yield farming, and even a lottery. It holds $2.3B in deposits across 10+ blockchains. Its B- grade comes from heavy concentration on a single chain and the expanded attack surface of running on so many networks.
TVL
$1.6B
Mechanisms
7
Interactions
4
Value Grade
B-
Key Risks for PancakeSwap Users
Over 80% of the $2.3B sits on BNB Chain alone -- any problem with that chain puts the majority of funds at risk
Running on 10+ blockchains means relying on many different bridges, and a single bridge hack could flood markets with fake CAKE tokens
Their Chinese social media account was hacked in October 2025 to promote scam tokens, showing operational security gaps
Top Risk Factors
- •Dominant BSC DEX position creates systemic concentration risk; BSC chain-level issues directly impact $2.3B TVL
- •Multi-chain expansion across 10+ networks increases bridge and cross-chain composability attack surface
- •Social media account compromises (Chinese X account, Oct 2025) used to promote scam tokens erode user trust
Risk Score Breakdown
PancakeSwap's highest risk area is Scale Exposure (7/10). Here's how each dimension contributes to the overall 23/100 score:
Read the Full PancakeSwap Risk Report
This protocol has 2 collapse scenarios. 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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