Can PancakeSwap Hit $4? CAKE Price Analysis Amid Polygon zkEVM sunset

Had the CAKE price extended gains from the first half of September, it would have made for a truly remarkable month for PancakeSwap. Even after the dip in the third week, CAKE crypto buyers have still managed to post solid gains overall.

At spot rates, the CAKE price is up a respectable +9% from its September lows. Local support holds firm around $2.30, while resistance sits at $3.20, the monthly high. Beyond the raw PancakeSwap CAKE $2.51 3.12% PancakeSwap CAKE Price $2.51 3.12% /24h Volume in 24h $67.17M Price 7d Learn more price action, candlestick patterns signal overall resilience, fostering a bullish environment for optimistic PancakeSwap investors.

(Source: CAKE USDT, TradingView)

According to DefiLlama, BNB Smart Chain (BSC) ranks among the top blockchains, placing third behind Solana. Throughout 2025, its total value locked (TVL) has trended upward, mirroring the BNB price surge that recently broke above $1,000 to claim new all-time highs. BSC now boasts over $7.9Bn in TVL, up from $5.4Bn at the start of the year. Within this thriving ecosystem, PancakeSwap is the dominant DeFi protocol, overseeing over $2.2Bn in TVL.

(Source: DefiLlama)

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Polygon zkEVM Decommissioning: PancakeSwap Makes Adjustments

As DeFi gains broader global adoption, fueled by new stablecoin launches from major U.S. tech firms, platforms like PancakeSwap will play a pivotal role in powering seamless swaps and trustless asset settlements.

Yesterday, PancakeSwap said it is phasing out support for Polygon zkEVM, aligning with Polygon Labs’ decision to decommission the network’s mainnet beta by 2026.

With Polygon zkEVM out, Polygon Labs is now redirecting resources to other scalable technologies, with a key focus on the success of its AggLayer.

UPDATE: PancakeSwap will sunset its Polygon zkEVM deployment on Sept 16 due to low activity.

Liquidity providers should withdraw before the shutdown. pic.twitter.com/dKjOdr91Qc

— Andres Meneses (@andreswifitv) September 5, 2025

This transition has unfolded in phases. Starting July 29, features such as fiat on-ramps, farms, bridging, and liquidity pool deposits were deprecated. As of September 30, the full interface, including tools for swaps and liquidity provider withdrawals, will be fully removed.

To avoid disruptions, PancakeSwap is encouraging users to bridge assets like CAKE and stablecoins to other supported chains, such as BNB Chain.

While it’s unfortunate to bid farewell to Polygon zkEVM, the impact on PancakeSwap should be negligible.

The DEX thrives primarily on BNB Chain, where the bulk of its TVL resides, despite its presence across multiple networks like Ethereum. On Polygon zkEVM specifically, only about $78,676 in assets remains locked, according to DeFiLlama.

Moreover, with Polygon zkEVM now behind them, the PancakeSwap development team can redirect efforts toward high-potential initiatives, such as launching perpetuals and expanding to additional chains.

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Will CAKE Rally to $4? Aster As The Driver

The spotlight is on whether the CAKE USDT pair can shake off recent weakness and break above $3.20.

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Support is at $2.30, and sustained strength in the sessions ahead could pave the way for more growth. A decisive close above key liquidation levels would solidify the base for a potential push toward $4.

Several catalysts could drive this momentum. First, a proposal to slash BNB Chain fees would enhance the appeal of swapping and perpetual trading on this already cost-efficient network, drawing in more retail traders.

Gas fees matter.

They decide where traders build, where liquidity flows, and where innovation happens.

That’s why validators on BNB Chain are proposing to halve fees and accelerate block speeds, keeping BNB Smart Chain (BSC) competitive with the fastest chains in crypto.

BNB… pic.twitter.com/sCdHutFfrJ

— BNB Chain (@BNBCHAIN) September 23, 2025

Second, Aster continues to buck trends and soar. Though ASTER prices have dipped -8% over the past 24 hours, holders have seen nearly +1,700% gains in the last two weeks.

Aster itself commands over $2.2Bn in TVL and nearly $1Bn in trading volume over the past day.

(Source: Coingecko)

Aster’s success bodes well for PancakeSwap: The DEX hosts ASTER/USDT and ASTER/BNB pools, which reward participants with CAKE. Fees generated from these pools also support CAKE buybacks and burning, which makes the token scarce.

$ASTER Edition Farms Spotlight

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