The live price of PancakeSwap is - per (CAKE / USD) with a current market cap of $737.22M USD. 24-hour trading volume is - USD. CAKE to USD price is updated in real-time. PancakeSwap is -% in the last 24 hours with a circulating supply of 331.74M.
| Date Comparison | Amount Change | % Change |
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| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
PancakeSwap is a peer-to-peer (C2C) decentralized exchange (DEX) launched on Binance in September 2020. As of 2021, PancakeSwap is recognized as the largest DEX on Binance. PancakeSwap's daily trading volume has always been in the hundreds of millions, even during the downturn in the cryptocurrency market.
PancakeSwap's native token is CAKE. Since PancakeSwap operates as an automated market maker (AMM), that is, liquidity is provided by peers who lock their funds in the protocol, it uses CAKE as a utility token to incentivize users to provide liquidity on the decentralized finance (DeFi) platform. CAKE is a BEP-20 token, so it is fully compatible with other cryptocurrencies built on Binance. CAKE prices are updated in real time on Binance.
The PancakeSwap project was anonymously launched in September 2020, and the identity of its founder is unknown. The team behind PancakeSwap calls itself the "Pancake Squad" and chooses to remain anonymous, which is common in the decentralized finance (DeFi) space.
CAKE can be paired with other digital currencies to form publicly available liquidity trading pairs for staking on PancakeSwap and providing liquidity to liquidity pools. In addition, CAKE can also be used to make global digital payments.
While PancakeSwap is not entirely unique as an operating mechanism for the AMM ecosystem, the success of its DeFi protocol has made the network stand out.
PancakeSwap is reportedly able to capture the largest share of decentralized trading and exchange on Binance due to its ability to provide attractive and sustainable liquidity and staking pool opportunities to its 2.8 million users.
The maximum supply of CAKE tokens is reportedly 750 million, and at the time of writing, its circulating supply is 163.96 million. The CAKE core team regularly burns CAKE tokens, which the entire ecosystem can benefit from.
The PancakeSwap to other currencies exchange rate?
