Large Language Models (LLMs) are increasingly deployed in complex multi-agent applications that rely on external function calls. This workload creates severe performance challenges for the KV Cache: spatial contention leads to the eviction of critical agents' caches and temporal underutilization leaves the cache of agents stalled on long-running function calls idling in GPU memory. We present TokenCake, a KV-Cache-centric serving framework that bridges this gap by co-optimizing scheduling and memory management through an agent-aware design. TokenCake's Temporal Scheduler employs an event-driven, opportunistic policy to proactively offload idle KV Caches during function calls and uses predictive uploading to hide data transfer latency. TokenCake's Spatial Scheduler uses dynamic memory partitioning, guided by a hybrid priority metric combining graph structure and runtime state, to reserve GPU memory for critical-path agents. Our evaluation on representative multi-agent benchmarks shows that TokenCake reduces end-to-end latency by up to 47.06% in memory-constrained settings and improves effective GPU utilization by 16.9 percentage points compared to vLLM. TokenCake is publicly available at https://github.com/pkulemonade/TokenCake.

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