CAKE

PancakeSwapPancakeSwap price 
CAKE

$2.31  

0.80% (1d)

PancakeSwap to USD Chart

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PancakeSwap statistics
Market cap
 

0.67%

$542,129,937
#89
Volume (24h)
 

21.24%

$53,061,504
#91
Volume/Market cap (24h)
 
9.79%
Total value locked (TVL)
 
$1,418,353,242
Market cap / TVL
 
0.38222491
Circulating supply
 
234,484,593 CAKE
31.26%
Total supply
 
386,739,888 CAKE
Max. supply
 
750,000,000 CAKE
Fully diluted market cap
 
$1,734,004,986
CAKE to USD Converter
CAKE
USD
Price performance
24h 
Low
$2.31
High
$2.34
All-time high
Apr 30, 2021 (3 years ago)
$44.18
-94.77%
All-time low
Sep 29, 2020 (3 years ago)
$0.0002318
+997443.53%
See historical data
Popularity
In watchlists661,674x
127th / 8.8K
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PancakeSwap news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About PancakeSwap

What Is PancakeSwap?

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:

  • An exchange to swap tokens
  • A yield farm to earn rewards
  • Syrup pools to stake CAKE tokens
  • Ethereum liquid staking (wBETH) and simple staking
  • Pancake Protectors game
  • v3 position manager (new feature)
  • A prediction market
  • Initial Farm Offering (IFO) token launches
  • A bridge to bridge CAKE to Ethereum and Aptos
  • A lottery
  • An NFT marketplace

Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.

PancakeSwap has an anonymous team of “Chefs,” working in the PancakeSwap “Kitchen.” The platform is open-source and has been audited by multiple reputable blockchain security firms like Peckshield and Slowmist.

Although the bear market has impacted TVL and trading volume for the protocol, PancakeSwap still boasts an annualized revenue of $27 million, with 42% of CAKE is staked:

What Is PancakeSwap V3?

Ultrasound CAKE Tokenomics

PancakeSwap’s Multichain Expansion