PancakeSwap
CAKE$1.41
Market Cap
$466.17M
Volume 24h
$31.57M
Vol / Market Cap
6.77%
Rank
#70
CAKE Price Chart
PancakeSwap is a decentralized exchange on BNB Chain supporting token swaps and DeFi tools.
PancakeSwap is a decentralized exchange built on BNB Chain that supports token swaps, yield farming and other DeFi services.
The most popular decentralized exchange (DEX) on the BNB Chain. It uses an Automated Market Maker model and offers "farms" and "pools" where users can earn rewards for providing the liquidity needed for others to trade.
DEX Liquidity & Farming: Used as the primary token for earning rewards through yield farming and as the governance token for the largest exchange on the BNB Chain.
BNB-Chain Trading: The primary reward token for providing liquidity on the largest DEX on BNB Chain. Used for "Lotteries," "Prediction markets," and voting on new token listings and farm rewards.
Competition from other decentralized exchanges (DEXs); high inflationary rewards lead to constant sell-pressure.
