CA

PancakeSwap

CAKE
DeFiRank #70BNB Chain

$1.41

+1.17%24h
+5.13%7d

Market Cap

$466.17M

Volume 24h

$31.57M

Vol / Market Cap

6.77%

Rank

#70

CAKE Price Chart

About PancakeSwap

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.

How It Works

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.

Use Cases

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.

Tokenomics

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.

Risks & Considerations

Competition from other decentralized exchanges (DEXs); high inflationary rewards lead to constant sell-pressure.

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