PancakeSwap is a decentralized exchange (DEX) built on BNB Chain that utilizes an automated market making (AMM) system. It is a fork of SushiSwap, with an almost identical codebase, but it has the advantage of cheaper and faster transactions due to being built on BSC. Additionally, it offers features such as yield farming across other protocols, lotteries, and initial farm offerings (IFO).

PancakeSwap Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
Strategic	--	--	Jun 06, 2022	Binance Labs

Investor

PancakeSwap Team

PancakeSwap Investment Portfolio

Rounds in the Past Year

Historical Rounds

Lead Investments

Portfolio Numbers

Project	Funding Status	Region	Categories	Ecosystem	Founded	Token Issuance
Eigenpie	Seed		LSD DeFi Restaking	Ethereum	Jan 01, 2024	With Token

PancakeSwap

CAKE

-1.43%

Total dollar volume24H

$103,288,672

High24H

1.939 USDT

Low24H

1.823 USDT

Market Cap

#140$526,823,628

FDV

$712,067,285

Turnover rate

19.61%

Circulating supply

282,327,775

Total supply

381,600,903

Max supply

450,000,000

All time high

44.278 USDT

All time high date

Apr 30, 2021

Down from All time high

-95.79%

Cycle low

1.05 USDT

Cycle low date

Oct 18, 2023

Up from cycle low

77.71%

Contracts

Official links

Socials

Introduction

CAKE is the native token associated with PancakeSwap, a decentralized exchange (DEX) operating on the Binance Smart Chain (BSC). Introduced in September 2020, PancakeSwap stands as one of the leading DEXes on BSC, largely attributed to its competitive transaction fees compared to other platforms, especially those on the Ethereum network.

PancakeSwap is a fork of SushiSwap and has an almost identical codebase. PancakeSwap utilizes Automated Market Makers (AMMs) instead of the conventional order book model. In this system, liquidity providers furnish the necessary funds to liquidity pools, enabling users to perform trades. In exchange for providing liquidity, these providers earn fees, which are proportionately distributed based on their contribution.

The CAKE token serves multiple purposes within the PancakeSwap ecosystem. Primarily, it acts as a reward for liquidity providers. Furthermore, it can be staked to earn additional tokens, or used in governance proposals, allowing holders to have a voice in the platform's developmental trajectory.

As of 2024, PancakeSwap has continued to solidify its place as a leading decentralized exchange (DEX) with innovative updates and features aimed at enhancing user experience and token utility. A major addition to PancakeSwap is the Position Manager tool, which introduces auto-compounding for liquidity providers, enabling rewards to be reinvested into the liquidity pool automatically. This feature allows users to leverage compound interest over time, while also managing gas fees and optimizing liquidity in specific price ranges, enhancing potential returns for providers.

To address inflationary pressures, PancakeSwap has enhanced its deflationary model for the CAKE token. Through strategic token burns across various platform activities—including a percentage of trading fees, IFO performance fees, and NFT marketplace transactions—CAKE’s circulating supply is carefully managed. Recent adjustments have reduced emissions from CAKE rewards, and the token is expected to stay below its maximum supply cap, helping to maintain long-term value. PancakeSwap also introduced a revenue-sharing pool that rewards CAKE stakers with a portion of platform fees, incentivizing long-term staking and user loyalty.

Above are only for introduction, not intended as investment advice.

Terms

Blog