PancakeSwap (CAKE) currently has a price of $2.42 and is down -1.21% over the last 24 hours. The cryptocurrency is ranked 96 with a market cap of $628.6M. Over the last 24 hours, it saw $87M of trading volume. The token has a circulating supply of 259.7M tokens out of a total supply of 386.6M tokens.
PancakeSwap is a decentralized exchange (DEX) platform on the Binance Smart Chain (BSC), facilitating the trading of BSC tokens with lower transaction fees compared to other DEXs. Its native token, CAKE, functions as the governance token and offers users the opportunity to participate in yield farming and earn rewards by providing liquidity. Additionally, PancakeSwap stands out with its "Lottery" feature, allowing users to purchase lottery tickets using CAKE tokens for a chance to win a substantial jackpot. Overall, PancakeSwap has become a popular, user-friendly DEX choice within the Binance Smart Chain ecosystem.
Disclaimer: The content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.