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About PancakeSwap
PancakeSwap: An Overview & History
PancakeSwap: An Introduction
PancakeSwap: Building on Binance Smart Chain
PancakeSwap is a decentralized exchange (DEX) that operates on Binance Smart Chain (BSC) and utilizes an automated market making (AMM) system. Derived from SushiSwap, PancakeSwap offers faster and more affordable transactions due to its integration with BSC. Apart from its core functionality, PancakeSwap provides additional features like yield farming, lotteries, and initial farm offerings (IFO).
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
PancakeSwap v2: Upgrading the Platform
# | Exchange | Pair | Price | Volume | Mkt Share | Recommend | |
---|---|---|---|---|---|---|---|
1 | Binance | CAKE/USDT | $2.38 | $37,342,801 | 36.53% | ||
2 | WhiteBIT | CAKE/USDT | $2.38 | $10,157,890 | 9.94% | ||
3 | PancakeSwap v2 (BSC) | CAKE/WBNB | $2.56 | $6,253,096 | 6.12% | ||
4 | Bybit | CAKE/USDT | $2.38 | $3,033,879 | 2.97% | ||
5 | Gate.io | CAKE/USDT | $2.38 | $2,781,257 | 2.72% | ||
6 | MEXC Global | CAKE/USDT | $2.38 | $2,023,010 | 1.98% | ||
7 | Uniswap v3 (BSC) | CAKE/BSC-USD | $2.39 | $1,556,171 | 1.52% | ||
8 | KuCoin | CAKE/USDT | $2.38 | $1,542,045 | 1.51% | ||
9 | Bitget | CAKE/USDT | $2.38 | $976,858 | 0.96% | ||
10 | DigiFinex | CAKE/USDT | $2.38 | $691,921 | 0.68% | ||
11 | Binance | CAKE/BTC | $2.39 | $416,318 | 0.41% | ||
12 | PancakeSwap v2 (BSC) | CAKE/BSC-USD | $2.48 | $359,455 | 0.35% | ||
13 | Bithumb | CAKE/KRW | $2.48 | $343,134 | 0.34% | ||
14 | HTX Global | CAKE/USDT | $2.38 | $338,667 | 0.33% | ||
15 | PancakeSwap v1 (BSC) | CAKE/WBNB | $2.46 | $300,239 | 0.29% | ||
16 | Binance | CAKE/TRY | $2.40 | $278,220 | 0.27% | ||
17 | Binance | CAKE/BNB | $2.38 | $240,375 | 0.24% | ||
18 | PancakeSwap v2 (BSC) | CAKE/BUSD | $2.45 | $192,506 | 0.19% | ||
19 | BitMart | CAKE/USDT | $2.38 | $189,381 | 0.19% | ||
20 | Uniswap v3 (Ethereum) | CAKE/UNI | $2.40 | $183,296 | 0.18% | ||
21 | ProBit | CAKE/USDT | $2.38 | $120,190 | 0.12% | ||
22 | PancakeSwap v3 (BSC) | BTCB/CAKE | $2.38 | $59,903 | 0.06% | ||
23 | Uniswap v3 (BSC) | CAKE/UNI | $2.38 | $31,673 | 0.03% | ||
24 | Uniswap v3 (BSC) | CAKE/LTC | $2.48 | $29,483 | 0.03% | ||
25 | PancakeSwap v3 (BSC) | CAKE/FDUSD | $2.36 | $16,320 | 0.02% | ||
26 | PancakeSwap v3 (BSC) | CAKE/TON | $2.36 | $14,995 | 0.01% | ||
27 | Uniswap v3 (BSC) | BAKE/CAKE | $2.39 | $12,199 | 0.01% | ||
28 | PancakeSwap v2 (BSC) | CAKE/USDC | $2.45 | $9,873 | 0.01% | ||
29 | Uniswap v2 (BSC) | CAKE/WETH | $2.39 | $9,102 | 0.01% | ||
30 | PancakeSwap v1 (BSC) | CAKE/BUSD | $2.39 | $8,735 | 0.01% | ||
31 | PancakeSwap v3 (BSC) | AIG/CAKE | $2.35 | $8,198 | 0.01% | ||
32 | PancakeSwap v2 (BSC) | CAKE/WETH | $2.50 | $7,950 | 0.01% | ||
33 | Uniswap v2 (BSC) | CAKE/HOOK | $2.39 | $6,325 | 0.01% | ||
34 | PancakeSwap v3 (BSC) | CAKE/PIRATE | $2.38 | $5,476 | 0.01% | ||
35 | PancakeSwap v2 (BSC) | CAKE/HOOK | $2.40 | $4,296 | 0% | ||
36 | Uniswap v2 (BSC) | BTCB/CAKE | $2.39 | $3,050 | 0% | ||
37 | PancakeSwap v3 (BSC) | CAKE/USDT | $2.34 | $2,960 | 0% | ||
38 | PancakeSwap v3 (BSC) | ALU/CAKE | $2.39 | $2,623 | 0% | ||
39 | PancakeSwap v3 (BSC) | CAKE/MATIC | $2.48 | $2,536 | 0% | ||
40 | PancakeSwap v3 (BSC) | CAKE/PSTAKE | $2.34 | $2,408 | 0% | ||
41 | PancakeSwap v2 (BSC) | CAKE/BTCB | $2.50 | $2,125 | 0% | ||
42 | PancakeSwap v3 (BSC) | CAKE/USDC | $2.39 | $1,772 | 0% | ||
43 | Uniswap v3 (BSC) | CAKE/USDC | $2.35 | $1,409 | 0% | ||
44 | PancakeSwap v3 (BSC) | CSIX/CAKE | $2.38 | $1,129 | 0% | ||
45 | PancakeSwap v3 (BSC) | CAT/CAKE | $2.38 | $1,180 | 0% | ||
46 | Uniswap v2 (BSC) | CAKE/SQUAD | $2.43 | $1,137 | 0% | ||
47 | PancakeSwap v3 (BSC) | CAKE/ZEC | $2.39 | $876 | 0% | ||
48 | PancakeSwap v1 (BSC) | CAKE/TWT | $2.40 | $851 | 0% | ||
49 | PancakeSwap v1 (BSC) | CAKE/BSCX | $2.51 | $850 | 0% | ||
50 | Uniswap v2 (BSC) | CAKE/TWT | $2.38 | $845 | 0% |