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PancakeSwap Price

CAKE

$4.57

5.22%

฿0.00019558

5.22%

PancakeSwap Price Chart (CAKE)

Price
TradingView
24H1W1M3M6M1YALL

1H

0.82%

24H

5.22%

7D

14.3%

14D

22%

30D

41%

1Y

42%
Swap
Connect Your Wallet
$0
$0
0%

Slippage

3%

Gas Settings

-
2%
3%
%
Swap by the best price from all sources.
The quote includes - CoinStats DeFi Swap fee.

Market Stats

Market Cap
$774M
Fully Diluted Valuation
$3B
Circulating Supply
169,379,821
Total Supply
368,590,641
Volume 24h
$94M
PancakeSwap Price Update

PancakeSwap price is $4.57, up 5.22% in the last 24 hours, and the live market cap is $774M. It has circulating supply volume of 368,590,641 CAKE coins and a max. supply volume of 368,590,641 alongside $94M 24h trading volume.

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About PancakeSwap


What Is PancakeSwap


Launched in Sept 2020, PancakeSwap (CAKE) is a decentralized exchange (DEX) that uses smart contracts to enable trading cryptocurrencies and utility tokens without a centralized, third-party facilitator. Interestingly, the DEX was created and launched by a team of anonymous developers. The exchange is built on a virtually unlimited circulating supply of automated tokens, CAKE tokens, that live on the Binance Smart Chain. The PancakeSwap platform provides automated market maker (AMM) functionality, so coin holders can exchange crypto with the support of a liquidity pool or earn rewards by supplying liquidity with their PancakeSwap coins.

The automated market maker model allows trading in digital assets by an anonymous network of users on a decentralized network using a peer-to-peer network protocol and liquidity pools in a place of a traditional, centralized, third-party provider. It facilitates trading between market participants who want to buy and sell their coin or other liquid security. 


PancakeSwap is one of the most famous implementations of the AMM model. The cryptocurrency is deployed as a BEP-20 token on the Binance Smart Chain, using Solidity, the native programming language for Binance Smart Chain, and a popular language for writing many other decentralized finance (DeFi) apps and smart contract tokens like PancakeSwap. In the blockchain world, Solidity is most famously used for Ethereum (ETH). The front end of PancakeSwap is written in javascript/typescript plus html/css.


How Does CAKE Work


PancakeSwap users are incentivized to provide liquidity because they earn rewards in the form of liquidity provider tokens when they stake cake tokens. Liquidity provision made this way on the PancakeSwap exchange is called yield "farming" or referred to as depositing funds into "syrup pools" where the accumulation of additional tokens creates liquidity to fulfill trading orders. Swapping assets among Binance chain tokens or staking coins to supply market liquidity for yield aren't the only current uses of PancakeSwap. 


Investors speculating on changes in the PancakeSwap price both hold and trade coins hoping to profit from either a growing PancakeSwap price and market cap or from volatility in the cake price. After launching in Sept 2020, PancakeSwap quickly rose to among the top 50 cryptocurrencies by market cap during the 2020/21 bull market in cryptocurrency. It reached an all-time high (ATH) market cap above $7 billion on April 30. There's no maximum limit on the circulating supply of PancakeSwap. At the time of publication, PancakeSwap had a circulating supply of nearly 200 million tokens.


Calling its smart contract functions to digitally denote ownership of real-world or digital creations, PancakeSwap has also found a promising use case as a marketplace for non fungible tokens (NFTs). In 2019, NFTs got some publicity when Star Trek actor and blockchain enthusiast William Shatner teamed up with London-based decentralized law venture, Mattereum to launch an Ethereum chain token that verifies ownership of collectibles. 


Mattereum and Shatner billed NFTs as a "digital twin" for real-world property, one that verifies ownership and easily and automatically validates and executes transfers of ownership, creating an immutable note of the transaction that lives on the blockchain. In the wake of the NFT boom of 2021, blockchain-power projects like Collectible Token (COLLT), which creates digital titles of ownership for luxury goods, have launched on PancakeSwap.


Our step-by-step guide on how to Buy PancakeSwap will help you get started!

Read More

PancakeSwap Markets

See More
#ExchangePairVolume (24H)Volume (%)PriceLast Updated
1
Loading...Binance

CAKE/USDT

$10.9M27.1%$4.55

Recently

2
Loading...SecondBTC

CAKE/USDT

$8.2M20.24%$4.51

Recently

3
Loading...PancakeSwapV2

CAKE/WBNB

$7.7M19.07%$4.6

1m ago

4
Loading...Binance

CAKE/BUSD

$6.5M16.23%$4.56

Recently

5
Loading...Fmfw

CAKE/USDT

$3.6M8.81%$4.55

Recently

6
Loading...DigiFinex

CAKE/USDT

$3.5M8.55%$4.55

Recently

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