The CAKE price update as of now is $1.93. In the previous 24 hours, its trading volume was $34,802,542, and its value has increased by 0.47%. As of now, CAKE's live market cap is $3,663,880,106, and it is ranked as the #39 on the Coincu. CAKE has a circulating supply of 1,902,771,375 and a maximum supply of 1,902,771,375.

PancakeSwap: An Overview & History

PancakeSwap: History and Background

PancakeSwap: Inception and Benefits

Established in September 2020 by a group of anonymous developers, PancakeSwap gained popularity for its integration with Binance Smart Chain (BSC), which provided faster and more cost-effective transactions compared to Ethereum. During that time, Ethereum faced challenges with expensive and slow transactions due to the high demand for DeFi applications, with most projects relying on Ethereum.

PancakeSwap: Competitive Advantage

PancakeSwap introduced a lower swap fee of 0.2%, surpassing the industry standard of 0.3%. This competitive fee structure contributed to the rapid growth of PancakeSwap in terms of trading volume and total value locked (TVL). By February 2021, PancakeSwap emerged as a leading decentralized exchange, competing with Uniswap, a forerunner in automated market making (AMM) on Ethereum.

PancakeSwap: Towards a Diversified DeFi Institution

Capitalizing on its cost-effective network fees, strong brand presence, and continuous delivery of innovative features, PancakeSwap has experienced significant growth in total value locked (TVL) throughout 2021. The platform plans to expand its offerings to include prediction markets, lending and borrowing services, and margin trading.

PancakeSwap Roadmap

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