Pancakeswap: everyting you need to know about CAKE
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Pancakeswap facts
Abbreviation
CAKE
Category
Decentralized Finance (DeFi) / Decentralized Exchange (DEX)
Founder(s)
Anonymous (specific founders are not publicly known)
Blockchain
Binance Smart Chain (BSC)
Protocol
Automated Market Maker (AMM)
Launch date
September 2020
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What is PancakeSwap?
PancakeSwap is a decentralized exchange (DEX) running on the Binance Smart Chain (BSC). The platform is known for its user-friendliness and efficiency, offering a range of financial services including yield farming, staking, and liquidity provision.
How does PancakeSwap work
Users of PancakeSwap can trade between different tokens, provide liquidity to pools, and participate in farming to earn CAKE, the platform's native token. All of this is made possible by smart contracts on the BSC.
The CAKE token
CAKE is the heart of the PancakeSwap ecosystem. It is used for rewards, governance, and as a means of payment for transaction fees on the platform.
The technology behind CAKE.
PancakeSwap uses automated market maker technology (AMM) to provide liquidity instead of traditional order books. This allows for quick and easy transactions to be executed.
PancakeSwap network architecture.
The PancakeSwap ecosystem includes a range of products, including Syrup Pools, Lottery, and Initial Farm Offerings (IFOs), all of which contribute to a rich and versatile DeFi experience.
€1.81▲4.45%
Benefits of PancakeSwap
- Low transaction costs thanks to the Binance Smart Chain.
- High liquidity and fast transactions
- Varied financial products and services.
Disadvantages of PancakeSwap
- Dependence on the Binance Smart Chain can raise concerns about centralization.
- Competition with other DEX platforms.
Who is the founder of PancakeSwap?
The founder or founders of PancakeSwap remain anonymous, but the project is supported by a robust and active community and development team.
Expectations for the near future.
Experts expect a minimum price of €5.80 in 2026 and a minimum price of €19.17 in 2031.
Pancakeswap price in the last 24 hours
View all key statistics of the past 24 hours here.
€1.78
€1.80
€1.72
Market information
Use these figures to get a better picture of the Pancakeswap market.
€42.6 million
€409.6 million
230.8 million
€36.36
Pancakeswap Return On Investment
See how much the price has risen or fallen over the years.
Historical Pancakeswap price
Here you can see Pancakeswap's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
| Date | Price | Volume | Marketcap |
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Most popular crypto currencies today
Frequently asked questions
Pancakeswap doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Pancakeswap is €1.81.
You can easily buy Pancakeswap on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Pancakeswap and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of CAKE is expected to continue rising steadily in the coming years. For instance, the price of Pancakeswap is predicted to reach €5.06.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in CAKE. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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