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Market Cap$ 2.47T-0.23%
24h Spot Volume$ 38.59B+8.30%
DominanceBTC51.73%-0.01%ETH17.39%-0.39%
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PancakeSwap

PancakeSwap CAKE Price $ 2.27

Rank: 127

3303 Watchlists

DeFi

CAKE Price

2.27
0.71%
($ 0.016)
Price Range
LowHigh
$ 2.25$ 2.42

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

PancakeSwap is a cross-chain automated market maker (AMM) DEX.

PancakeSwap (CAKE) Chart

PancakeSwap price Index provides the latest CAKE price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

CAKE to USD Converter

PancakeSwap (CAKE)CAKE

CAKE Price Statistics

leaderboard

Market Cap

$ 602.28M

Fully diluted value

FDV

$ 1.02B

ATH Market Cap

$ 7.12B

24 Trade Vol.

$ 34.81M


Vol. (24h) / MCap

0.0578

Max Supply

CAKE 450,000,000

Total Supply

CAKE 383,996,338

Circulating Supply

CAKE 265.36M

(59% of Max Supply)

Listing Date

29 Sep 2020

All Time High

$ 44.12

30 Apr 2021


All Time Low

$ 0.205

5 Nov 2020


From ATH

94.9%

From ATL

1,005%

What is PancakeSwap (CAKE)?

Pancake Swap is a decentralized exchange based on the Binance Smart Chain (BSC), built to trade BEP-20 tokens without relying on centralized platforms. PancakeSwap uses an AMM system meaning that all transactions are fully decentralized, and control of funds always remains in traders’ hands. 

The platform allows users to trade and earn, it also offers a variety of ways to win crypto. PancakeSwap has a BEP-20 token, CAKE, the main function of which is to incentivize liquidity provision to the PancakeSwap platform. 

What are CAKE’s key features and how does it work?

PancakeSwap, like similar DEXs, uses an AMM. This means that instead of order books, liquidity is provided by users into liquidity pools. Trades are then executed via smart contracts, thus removing any third party.

PancakeSwap is based on BSC, which means that it can offer lower transaction fees compared to alternative DEXs, which tend to be based on the Ethereum blockchain. 

PancakeSwap users can also earn passive income by providing liquidity, and via many of the other diverse tools and products for users. For example, users can enter trading tournaments and prediction markets, and developer teams can join launchpads.

What makes PancakeSwap noteworthy?

PancakeSwap is the largest swap on BSC and in terms of total value locked (TVL), it has surpassed even Uniswap. PancakeSwap’s token, CAKE, allows users to invest, earn passive income and take part in reward programs.

For instance, users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded through CAKE tokens, which can be un-staked with zero lockup time. 

Initial Farm Offerings (IFO), decentralized versions of ICOs, are a way to get a newly launched token in the hands of users using yield farms. On PancakeSwap, you can do that by committing LP tokens to a supported pool, at the moment only CAKE-BNB pool, to get access to the sale of a newly launched token.

CAKE can also be used to enter a lottery on PancakeSwap. A single ticket costs 10 CAKE and comes with a random combination of four numbers between 1 and 14. To win the jackpot (50% of the entire lottery pool) the numbers in your ticket must match all four of the numbers in the winning ticket. There are also smaller prizes on offer.

Where can you buy CAKE?

CAKE is available to buy on most popular exchanges, for example, Binance.

You can swap CAKE tokens on any DEX working on BSC, or trade for CAKE on the CEXs listed on the market tab. It can be traded against FIAT, stablecoins, and other cryptocurrencies.

PancakeSwap Price Today

PancakeSwap's current price is $ 2.27, it has increased +0.71% over the past 24 hours.

PancakeSwap's All Time High (ATH) of $ 44.12 was reached on 30 Apr 2021, and is currently -94.9% down.

The current circulating supply of PancakeSwap is 265.36 Million tokens, and the maximum supply of PancakeSwap is 450.00 Million.

PancakeSwap’s 24 hour trading volume is $ 34.81 Million.

PancakeSwap's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 602.28 Million.

You can find more details about PancakeSwap on its official website and on the block explorer.

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