The live price of PancakeSwap (CAKE) today is 3.1711 USD, and with the current circulating supply of PancakeSwap at 235,814,671.84 CAKE, its market capitalization stands at 747,780,827 USD. In the last 24 hours CAKE price has moved ? USD or 0.00% while ? USD worth of CAKE has been traded on various
exchanges. The current valuation of CAKE puts it at #115 in cryptocurrency rankings based on market capitalization.
Learn more about the PancakeSwap blockchain network and how it works or follow the price of its native cryptocurrency CAKE and the broader market with our unique COIN360 cryptocurrency heatmap.
PancakeSwap is an automated market maker — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.