PancakeSwap (CAKE) Market Update
PancakeSwap's native token CAKE is currently trading at $1.35, reflecting modest volatility in the past 24 hours as the decentralized exchange platform continues operations across multiple blockchain networks.
Price Performance
CAKE has experienced a slight decline over the past day, dropping 1.27% in the last 24 hours. However, the token shows positive momentum on a weekly basis, gaining 1.83% over the past seven days. Intraday trading has been relatively flat, with a marginal 0.1% decrease in the last hour.
Market Metrics
The token maintains a market capitalization of approximately $437.2 million, ranking 114th among cryptocurrencies. Daily trading volume stands at $27.2 million, indicating moderate liquidity in the market. The fully diluted valuation reaches $453.9 million based on the total supply of 336.5 million CAKE tokens, with 324.1 million currently in circulation.
Network Expansion
PancakeSwap continues its multi-chain strategy with CAKE deployed across major blockchain ecosystems including Binance Smart Chain, Ethereum, Arbitrum, Polygon zkEVM, Solana, Aptos, Base, zkSync, Linea, and opBNB. This diversified presence supports the platform's goal of becoming a cross-chain decentralized exchange.
Risk Assessment
The token carries a risk score of 54.03 and a volatility score of 7.85, suggesting moderate stability relative to broader cryptocurrency market movements. The liquidity score of 44.23 indicates reasonable trading depth across supported networks.