PancakeSwap (CAKE) price is $2.44

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CAKE

PancakeSwap

№ 127

CAKE Price Now

$2.44 USD

-0.2%

Deposit Trade

Date of Issue: 19.09.2020

PancakeSwap (CAKE) was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange.... More

Lower Price 2.4

24H

2.53 Upper Price

24H Value

57.81 K

Market Cap(USD)

709.75 M

Circulating

290.88 M

Total Supply

380.79 M

PancakeSwap (CAKE) Live Price Data

The live PancakeSwap (CAKE) price is $2.44, with a 24 hours Blynex trading volume of 57.81 K. The price of CAKE changed by -0.2% in the past 24 hours. With a circulating supply of 290.88M CAKE and a maximum supply of 380.78M CAKE coins. CAKE currently ranks #127 in market cap. You have the option to purchase PancakeSwap (CAKE) on the Blynex exchange.

Markets

Market	Price	24h %	24h High	24h Low	24h Volume
CAKE/USDT	$2.439	-0.2%	2.534	2.396	57.38 K	Trade

About PancakeSwap (CAKE)

PancakeSwap (CAKE) was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. Buying CAKE on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy PancakeSwap (CAKE).

What is PancakeSwap (CAKE)?

PancakeSwap is a leading decentralized exchange (DEX) built on the BNB Chain, empowering users to trade tokens without a centralized intermediary. It offers a suite of innovative features, including token swaps, yield farming, staking pools, prediction markets, a lottery, and even an NFT marketplace. Its continuous evolution includes cutting-edge additions like Ethereum liquid staking (wBETH), a v3 position manager, and the Pancake Protectors game.

Innovations of PancakeSwap V3

PancakeSwap V3 enhances the platform with tools for liquidity providers (LPs) to concentrate their capital on active trading ranges, increasing efficiency up to 4000x compared to V2. With fee tiers ranging from 0.01% to 1%, traders enjoy reduced costs while LPs benefit from tailored strategies for higher earnings. The smart router optimizes trades across V3, V2, and StableSwap pools, while features like the Position Manager simplify auto-compounding, mitigating impermanent loss and maximizing returns.

Ultrasound CAKE Tokenomics

PancakeSwap’s "Ultrasound CAKE" tokenomics model supports long-term value through strategic deflation. Weekly token burns now exceed emissions, consistently reducing supply. Mechanisms such as trading fees, NFT sales, and lottery tickets contribute to CAKE burns. Reduced emissions and capped supply ensure CAKE aligns with a sustainable, multi-year growth strategy, reinforcing its deflationary nature and incentivizing user engagement through staking and rewards.

CAKE Revenue Sharing and Staking Rewards

To reward loyalty, PancakeSwap redistributes a portion of its platform fees to stakers via its revenue-sharing program. Locked CAKE generates rCAKE shares, which grow proportionally with stake duration and amount. These shares translate into higher revenue rewards, trading rebates, and increased farm yields. This model mirrors the governance benefits of platforms like Curve but adds unique incentives such as IFO boosts and real yield distribution

PancakeSwap’s Competitive Edge

PancakeSwap stands apart through its community-centric innovations and commitment to enhancing user experiences. From reducing emissions to integrating Ethereum Layer 2 chains, the platform adapts to the evolving crypto landscape. Its emphasis on deflationary tokenomics, advanced trading features, and diverse earning opportunities positions PancakeSwap as a leader in DeFi, paving the way for continued dominance in decentralized finance.

CAKE to local currency

CAKE to USD
2.456
CAKE to EUR
2.358
CAKE to AUD
3.949
CAKE to KRW
3,628.255
CAKE to JPY
387.413
CAKE to GBP
1.960
CAKE to INR
209.218
CAKE to CAD
3.539
CAKE to AED
9.018
CAKE to RUB
245.535

CAKE to crypto currency

CAKE to BTC
0.0000255886
CAKE to ETH
0.0007296702
CAKE to USDT
2.460
CAKE to BNB
0.004
CAKE to SOL
0.013
CAKE to XRP
1.132
CAKE to ADA
2.985
CAKE to TRX
9.655
CAKE to LTC
0.024
CAKE to TON
0.427