CAKE price surged over 30% in the past month as traders are increasingly incentivized to buy and hold CAKE

PancakeSwap (CAKE) has seen 30% jump in the past month, currently trading at $2.67. The surge is likely buoyed by the recent integration of the Brevis trustless hooks

The price of (CAKE) has surged more than 30% in the past month as traders are increasingly being incentivized to buy and hold CAKE in order to qualify for real-time fee discounts enabled by the recently integrated trustless hooks on PancakSwap Infinity.

Earlier today, the price of CAKE reached a high of $2.67, a level last seen in mid-May. From the recent lows of $2.08, which was hit last month, the cryptocurrency has risen 28%.

The surge in the price of CAKE comes after the integration of the Brevis trustless hooks on PancakeSwap Infinity. These hooks allow for personalized, dynamic trading fees that are fully enforced by onchain logic.

No staking required for lower trading fees

The Brevis Hooks system enables PancakeSwap Infinity to offer personalized, dynamic trading fees that are fully applied by onchain logic — eliminating the need for any staking, which is usually required on exchanges to access reduced trading fees. Instead, the hooks automatically detect users’ trading volumes and CAKE balances and apply these fee discounts in real time.

For volume-based discounts, the eligible pairs include USDT–USDC and ETH–USDT. Traders who execute higher volumes on these pairs will receive reduced fees as a reward for their activity. For CAKE-based discounts, simply holding CAKE in your wallet will qualify users for lower trading fees on these pairs — no staking required.

The Brevis Hooks launched about a month ago as part of the release of PancakeSwap Infinity (formerly PancakeSwap v4) on April 28. The personalized fee discounts made possible thanks to these hooks is likely what spurred the 30% monthly surge in the price of CAKE as this feature likely encouraged traders to buy and hold their CAKE to qualify for lower trading fees.

As far as the current price action is concerned, today’s 12% price surge pushed CAKE above the local resistance at $2.60, and it is now approaching the major resistance zone near $2.80. A confirmed breakout above this level could pave the way toward the psychological $3.00 mark. CAKE is also trading above both the EMA 20 and the SMA 50, with a bullish crossover that has held for nearly three weeks, reinforcing the strength of the ongoing uptrend.