CA

PancakeSwap

CAKE
DeFiRank #70BNB Chain

$1.41

-4.26%24h
-11.15%7d

Market Cap

$459.26M

Volume 24h

$28.99M

Vol / Market Cap

6.31%

Rank

#70

CAKE Price Chart

About PancakeSwap

PancakeSwap is a decentralized exchange on BNB Chain supporting token swaps and DeFi tools.

What Is PancakeSwap (CAKE)? PancakeSwap is a decentralized exchange built on BNB Chain supporting token swaps, yield farming, and DeFi services.

How It Works

A leading decentralized exchange on BNB Chain using an Automated Market Maker model. It offers liquidity pools, yield farming, and various DeFi services.

Use Cases

DEX Liquidity & Farming: Used as the primary token for yield farming rewards and governance on a major BNB Chain DEX.

Tokenomics

BNB-Chain Trading: A primary rewards/governance token on a major BNB Chain DEX, used for farming incentives, lotteries, prediction markets, and voting.

Risks & Considerations

Crowded DEX landscape; inflationary rewards can create constant sell pressure.

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