PancakeSwap Price Data
PancakeSwap (CAKE)
currently has a price of
$3.48
and is
up
7.66%
over the last 24 hours. The cryptocurrency is ranked
80
with a market cap of
$1.2B.
Over the last 24 hours, it saw
$140.2M
of trading volume. The token has a circulating supply of
348.5M
tokens out of a total supply of
360.1M
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.
