PancakeSwap (CAKE)

PancakeSwap (CAKE)

Rank #69

$4.49

4.61%

0.0002 BTC

CAKE
USD

MARKET CAP

$643.024M

ALL TIME HIGH

$44.18

VOLUME 24H

$32.14M

CIRC. SUPPLY

142.52M

VOL/MCAP

5.00%

TOTAL SUPPLY

328.336M

DILUTED MCAP

$3.084B

MAX SUPPLY

750M

1H USD

0%

24H USD

4.61%

7D USD

0.98%

30D USD

13.05%

60D USD

27.58%

90D USD

0%

Tag:

collectibles-nftsdecentralized-exchangedefismart-contractsView all

PancakeSwap Price Chart

24h Change

4.61 %

PancakeSwap - CAKE Profiles

Overview & History

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


History

PancakeSwap was founded by a group of anonymous developers in September 2020. What made it different at the time of launch was that PancakeSwap was built on Binance Smart Chain (BSC), which offers faster and cheaper transactions compared to Ethereum. At the time of PancakeSwap's launch, Ethereum was suffering from expensive and slow transactions as DeFi's mainstream moment in 2020 drove massive demand for transactions. Almost all DeFi applications lived on Ethereum at the time.

Aside from cheaper network fees powered by BSC, PancakeSwap also offered a lower swap fee of 0.2% while the industry standard is 0.3%. On the back of its low-fee model, PancakeSwap saw rapid growth in both trading volume and total value locked (TVL). It became one of the industry's largest decentralized exchanges by trading volume in February 2021, standing toe-to-toe with AMM pioneer and Ethereum darling Uniswap.

Towards a Diversified DeFi Institution

Thanks to cheaper network fees, strong branding, and the delivery of new and innovative features, PancakeSwap has experienced a meteoric rise in total value locked (TVL) in 2021. PancakeSwap plans to expand its purview into prediction markets, lending and borrowing, and margin trading.

Roadmap

PancakeSwap AMM & Farms
Date: September 2020. Type: Mainnet Launch

PancakeSwap v2
Date: TBC. Type: Software Release

The upgrade aims to add/enable certain functions, such as adding buy-back and burn mechanic to trading fees, auto-compounding, and customizable CAKE minting logic that would allow CAKE token holders to govern how much CAKE is minted per block. v2 is planned for Q2'21.

People

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PancakeSwap Price Live Data

CAKE Price

$4.49

Trading Volume

$32.14 M

All Time High

$44.18

1hour Change

0.00%

24hours Change

4.61%

24hours Range

5.39%

24hours Low

$8.26

24hours High

$8.62

Liquidity ±2%

$54,411.18 B

Bids -2%

$5.44 M

Asks +2%

$4.49 M

Market Cap

$643.02 M

Fully Diluted Market Cap

3.37 B

Circulating Supply

142.52 M

Total Supply

328.34 M

Max Supply

750.00 M

PancakeSwap Markets

See All Market
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