$2.56T
Total marketcap
$47.23B
Total volume
BTC 51.92%     ETH 14.59%
Dominance
PancakeSwap

PancakeSwap CAKE Price

$2.66 -1.3287%
  • ETH 0.0009
  • BTC 0.00004
ICO Price
ROI
FDV
$1.02B
Market cap
$696.65M
Low - High [24h]
$2.64 - $2.7
Vol [24h]
$27.82M
Cur - Max Supply
262.31M - 384.08M

PancakeSwap Price chart

Sorry, that's all we've gotfor now...

Statistics

PancakeSwap Price $2.66 All-time high $43.96 Days since ATH 1115
Price change -$0.035 (-1.3287%) Date of ATH Apr 30, 2021 % of ATH -93.97%

PancakeSwap Review

PancakeSwap (code: CAKE)

Founded Date: Sep 8, 2020

Founders:

Anonymous
Anonymous
Founder

PancakeSwap(CAKE) - Coin Trading Data

PancakeSwap Price $2.66
Ticker CAKE
Market Capitalization $696.65M
Fully Diluted Valuation (FDV) $1.02B
Value 24h low $2.64
Value 24h high $2.7
Trade Volume for 24h $27.82M
Current Circulating Supply 262.31M
Maximum Supply 384.08M
Algorithm
ICO Price and ICO ROI
Price Change 24h % -1.3287%
CAKE quote $2.66
Fully Diluted Valuation (FDV) $1.02B

PancakeSwap(CAKE) ATH - All Time High Price

PancakeSwap ATH Price $43.96
CAKE quote 1115
ATH Date Apr 30, 2021
All Time High % -93.97%

Pancake Profile

PancakeSwap is a decentralized cryptocurrency exchange platform created by anonymous developers that uses BEP-20 tokens based on the Binance Smart Chain blockchain. PancakeSwap is a type of DEX referred to as an automated market maker (AMM). Basically, it means there is no order book, or market order system.

  • PancakeSwap works on BSC, which means it does not affect by the high commission of the Ethereum network, so users began to quickly switch from centralized exchangers to this site.
  • PanCakeSwap operates with low fees. The fees here tend to be much lower ($0.04 to $0.20) than other exchangers that operate with higher fees only.
  • Transactions with PanCakeSwap have a fast processing time. The average transaction time is about five seconds, which is much faster than on many other platforms.
  • You can participate in lotteries if you have a stock of PanCakeSwap coins. These coins also give you the ability to farm tokens.

Operations with PancakeSwap

PancakeSwap is an automated market maker and it quickly gained its audience thanks to low transaction fees unlike its competitors on the Eth network, as well as good profitability for providing funds to liquidity pools.

To work with the exchange, all you need to do is connect your wallet: PancakeSwap is usually available through a supported Web3 wallet. Once you set up for support of the Binance Smart Chain, these wallets are used to interact with PancakeSwap smart contracts through the user-friendly interface of PancakeSwap.

PancakeSwap History

  • The platform, which was launched in September 2020, has an anonymous team working on it. However, it has been verified by Certik, Slowmist and other blockchain security companies.
  • The PancakeSwap team raised $4,000,000 in the seed round, which took place in July 2021.
  • In October 2020, they launched the PancakeSwap lottery, where participants who buy tickets for CAKE tokens can win even more tokens.
  • In March 2021, the protocol site was attacked with a DNS switch: instead of the original site, users were taken to a phishing site that asked for a seed phrase. The number of victims and the amount of damage were not reported.
  • In April 2021 PancakeSwap was updated to V2, giving developers more freedom to improve future features of their platform.
  • On April 3, 2023, decentralized exchange PancakeSwap announced a V3 update on Ethereum and BNB Chain. Exchange developers reported to CoinDesk that its users will have the lowest commissions for in-network transactions among peers, such as SushiSwap and Uniswap, as well as higher profitability for liquidity providers.
PancakeSwap Roadmap

PancakeSwap Roadmap

Tokens

The native control token on the PancakeSwap platform is the well-known CAKE token. It is a BEP20 token, which is considered the protocol's own cryptocurrency. All users are providing liquidity so that other users can easily exchange tokens.

You can buy CAKE on the PancakeSwap exchange, earn it from farms and syrup pools, or win it in the PancakeSwap lottery. If you have your CAKE, you can use it in all PancakeSwap products and have the ability to make and vote on management proposals through the platform's community governance portal.

In addition, users can invest their CAKEs to earn multiple tokens from other projects that have offered them as rewards on the platform. Alternatively, they can put their CAKEs to earn SYRUP, which serves as a management token and lottery ticket.

Users can also make money by putting their CAKEs into pools after they have deposited funds to receive LP tokens and used them to farm the token. From there, users can bet CAKEs and earn other tokens through special staking pools.

CAKE Tokenomics

CAKE Tokenomics

PancakeSwap Features

PancakeSwap also offers a wide range of optional features, many of which provide additional functionality for CAKE owners. The most notable of these currently include:

Initial Farm Offerings

Much like the DEX Initial Farm Offering (IDO), PancakeSwap allows users to purchase new project tokens at an early stage before their public launch. But in this case, users exchange their CAKE-BNB liquidity provider (LP) tokens for new project tokens during the Initial Farm Offering (IFO). As part of this process, half of all funds get burned, adding another deflationary mechanism for the token.

Yield Farms

PancakeSwap allows users to earn additional revenue by putting supported liquidity provider (LP) tokens into one of its multiple yield farms. By participating in a yield farm, users generate revenue from their LP tokens.

Syrup

Syrup pools are analogous to the simple PancakeSwap staking feature. Through these platform pools, users can stake various BEP-20 tokens to earn revenue: either in the form of CAKE or another reward token.

Lottery v2

What makes PancakeSwap unusual among decentralized exchanges is that it also offers a lottery feature, allowing users to buy lottery tickets to potentially win a big CAKE pot.

Prediction Markets

The PancakeSwap market prediction tool is a simple feature that allows users to predict whether the price of Binance Coin (BNB) will increase or decrease over a five-minute period. Users pool their money into a prize pool, which is shared between those who correctly predict the market course.

NFT Collectibles

In February 2021, PancakeSwap added a new option named NFT Profiles, which allows you to select an NFT profile image. PancakeSwap's NFT trading platform is currently considered one of the largest NFT trading platforms on the BNB network.

It allows its users all to buy, sell and exchange unique non-exchange tokens over the protocol. The PancakeSwap NFT trading platform has a simple user interface for quick and easy navigation and arguably the best collectibles.

Community management on PancakeSwap

PancakeSwap is partially regulated by the community. This means that CAKE owners can use PancakeSwap's own voting portal to vote on management proposals. Some will be submitted by the core PancakeSwap team and others by the community.

PancakeSwap Advantages and Disadvantages

AdvantagesDisadvantages
High number of usersNo margin trading
Binance supportVulnerable security
No registration or verification
Support for browser and mobile wallets
Lotteries and other games
Big NFT market

Summary

In 2023, PancakeSwap plans to release many other features: a farm with bCAKE, rewards for VIP traders, an automatic liquidity position manager as well as advanced limit orders. This will not only help current platform users in trading, but may also attract new ones by providing them with a significant set of tools all at once.

Constant development and addition of new instruments, incentives for token holders and providing liquidity to the exchange, is opening the perspective of the project as undervalued and in the near future it is quite possible that Pancakeswap will take the lead among DEX exchanges.

How much is a one PancakeSwap worth now?

1 PancakeSwap worth $2.66 now.

What is the price of CAKE?

The price of CAKE is $2.66.

What is the PancakeSwap max supply?

The max supply of PancakeSwap is 384.08M.

What is the PancakeSwap stock symbol or ticker?

The stock symbol or ticker of PancakeSwap is CAKE.

How many CAKE coins are there in circulation?

There are 262.31M coins in circulation of CAKE.

What is the exchange rate of PancakeSwap(CAKE)?

The exchange rate of PancakeSwap is $2.66.

What was PancakeSwap's trading volume in 24 hours?

PancakeSwap's 24-hour trading volume is $27.82M.

What was the highest price paid for PancakeSwap?

PancakeSwap reached a record high of $43.96 on Apr 30, 2021

PancakeSwap Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 CITEX CITEX CAKE/USDT $2.66 $11.06M 32.07% 8 minutes ago
2 Binance Binance CAKE/USDT $2.65 $3.84M 11.13% 6 minutes ago
3 Azbit Azbit CAKE/USDT $2.65 $3.68M 10.67% 5 minutes ago
4 Nami.Exchange Nami.Exchange CAKE/VNST $2.67 $2.11M 6.11% 6 minutes ago
5 Nami.Exchange Nami.Exchange CAKE/USDT $2.66 $1.95M 5.67% 10 minutes ago
6 Bitrue Bitrue CAKE/XRP $2.66 $1.16M 3.36% 2 minutes ago
7 BYDFi BYDFi CAKE/USDT $2.65 $715.84K 2.08% 6 minutes ago
8 Bitrue Bitrue CAKE/USDT $2.65 $587.06K 1.7% 2 minutes ago
9 Trubit Trubit CAKE/USDT $2.66 $584.74K 1.7% 8 minutes ago
10 XT.COM XT.COM CAKE/USDT $2.66 $525.01K 1.52% 12 minutes ago
11 Phemex Phemex CAKE/USDT $2.66 $518.35K 1.5% 16 minutes ago
12 Bitrue Bitrue CAKE/ADA $2.65 $515.11K 1.49% 5 minutes ago
13 Pancakeswap V3 (BSC) Pancakeswap V3 (BSC) CAKE/BSC-USD $2.65 $512.85K 1.49% 10 minutes ago
14 PancakeSwap (v2) PancakeSwap (v2) CAKE/WBNB $2.67 $488.78K 1.42% 5 minutes ago
15 Azbit Azbit CAKE/BTC $2.65 $433.74K 1.26% 5 minutes ago