PancakeSwap[CAKE]
PancakeSwap is the largest peer-to-peer decentralized exchange (DEX) running on the BNB Chain.
PancakeSwap, the largest decentralized exchange on the Binance Smart Chain, has quickly emerged as a prominent player in the growing DeFi space. With the support of Binance, it provides a robust trading infrastructure and offers its own native currency called CAKE.
Similar to other decentralized exchanges, PancakeSwap operates on an automated market maker model, utilizing user-provided liquidity pools to facilitate cryptocurrency trading. Instead of relying on an order book and finding a specific counterparty for a trade, users lock their tokens into smart contract-based liquidity pools. This system enables users to easily make swaps between tokens, and those who contribute to the liquidity pool earn rewards over time.
Similar to other decentralized exchanges, PancakeSwap operates on an automated market maker model, utilizing user-provided liquidity pools to facilitate cryptocurrency trading. Instead of relying on an order book and finding a specific counterparty for a trade, users lock their tokens into smart contract-based liquidity pools. This system enables users to easily make swaps between tokens, and those who contribute to the liquidity pool earn rewards over time.
DeFiDEX
Current price
24h:0.896%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
95.79%All time low price
851.81%Token supply
0 CAKE (0%)
392.6M CAKE (100%)
$0
$1.84
$0
$722.38M
274.89M CAKE (70.02%)