$2.18
-0.002992 (-0.14%)24H
PancakeSwap price, last 12 months
2.912.181.16
PancakeSwap market data
- 24H High
- $2.29
- 24H Low
- $2.16
- 24H Volume
- 2.67M CAKE
- All Time High
- $44.28
- All Time Low
- $1.05
- Correlation with BTC
- 0.65
- Return on Investment
- -77.16%
- Market Cap
- $696.46M
About 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 tokensA yield farm to earn rewardsSyrup pools to stake CAKE tokensEthereum liquid staking (wBETH) and simple stakingPancake Protectors gamev3 position manager (new feature)A prediction marketInitial Farm Offering (IFO) token launchesA bridge to bridge CAKE to Ethereum and AptosA lotteryAn NFT marketplacePancakeswap 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:
PancakeSwap social sentiment
BullishBullish
- 97 Bullish
- 44 Neutral
- 25 Bearish
PancakeSwap on-chain holders
Holding Amount
Distribution of addresses by the amount of tokens held.
- 0-1K97.04%
- 1K-100K2.91%
- 100K+0.05%
Time Held
Distribution of addresses by how long tokens have been held.
- Cruisers38.12%
- Holders57.17%
- Traders4.71%
Whale Holdings
Percentage of tokens held by whale addresses vs others.
- Others37.10%
- Whales62.90%
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PancakeSwap whitepaper summary
PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains, primarily BNB Chain and Ethereum, offering trading, staking, and yield farming services. The platform uses automated market makers (AMM) to enable users to trade cryptocurrencies directly from their wallets, with CAKE as its native token that powers various platform features and rewards. Since its launch, it has evolved into one of the largest DEXs by trading volume, incorporating features like perpetual trading and cross-chain functionality.
PancakeSwap operates primarily through smart contracts that enable automated trading and liquidity provision. The core technology uses the AMM model, where users trade against liquidity pools rather than traditional order books.
The platform employs various smart contracts for different features, including the main exchange contract for trading, farming contracts for yield generation, and lottery contracts for gaming features. The system uses advanced random number generation through Chainlink VRF for fair lottery outcomes.
Security is maintained through multiple audited smart contracts, with features like timelock delays and maximum transaction limits to protect users. The platform has expanded its cross-chain functionality through LayerZero and other protocols, allowing CAKE tokens and operations to bridge between different blockchains including BNB Chain, Ethereum, and Aptos.
The exchange includes innovative features like the Farm Booster (bCAKE) system, which allows users to multiply their farming rewards, and the IFO (Initial Farm Offering) platform for new token launches. Recent technological additions include perpetual trading features, allowing users to trade with leverage, and enhanced liquidity routing for better trade execution.
CAKE serves as the native token of PancakeSwap, with multiple utility functions across the platform. Users can stake CAKE to earn more tokens, participate in governance through veCAKE (vote-escrowed CAKE), and receive platform revenue sharing.
The token features an updated emission schedule with enhanced deflationary mechanisms compared to the original whitepaper. These include regular token burns from trading fees, lottery purchases, and IFO participation, with over 40 million CAKE burned to date. The platform implements a treasury fee system that helps sustain long-term development.
Users can enhance their earnings through the Farm Booster system, which multiplies farming rewards based on CAKE holdings. The platform now offers both flexible and fixed-term staking systems, allowing users to lock their CAKE for up to 52 weeks for higher rewards. The introduction of veCAKE has added new utility dimensions, giving users voting power in governance decisions and additional reward opportunities.
PancakeSwap's development focuses on expanding cross-chain capabilities and enhancing user features. Key upcoming developments include improved governance mechanisms through veCAKE, expanded cross-chain integrations beyond current networks, and enhanced farming opportunities.
The platform plans to continue developing new features for token utility and user engagement, including updates to the lottery system and IFO platform. Security remains a priority, with ongoing audits and system improvements planned. Recent additions to the roadmap include further development of perpetual trading features, enhanced cross-chain liquidity solutions, and new partnership integrations.
PancakeSwap operates with a decentralized team structure, with development overseen by multiple contributors. The platform's smart contracts are controlled through multi-signature wallets requiring multiple approvals for significant changes.
Key contracts are managed through a system of operators, injectors, and treasury addresses, each with specific roles and permissions. The team maintains transparency through public GitHub repositories and regular community updates. The development team has expanded since the original whitepaper, with dedicated workstreams for different aspects of the platform including trading, farming, and cross-chain development.
Latest PancakeSwap news
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PancakeSwap Proposal: Increased Earnings for Liquidity Providers
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StandX Shuts Down Trading Platform and Stablecoin Operations
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Dogecoin Price Prediction: Whales Add 130 Million DOGE
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Mirex Network Launch Price Analysis
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79AU Liquidity Pool Loses $14.35 Million Despite Lock
PancakeSwap FAQ
PancakeSwap (CAKE) is trading at $2.18, down 0.14% over the last 24 hours.
The market cap of PancakeSwap is $696.46M, ranking #77 among cryptocurrencies.
Our model's year-end 2026 target for CAKE is $3.67.
Our model's 2030 target for CAKE is $3.46.
On the daily chart CAKE currently shows 1 buy signals and 3 sell signals. This is not investment advice.
The all-time high of CAKE is $44.28.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.