The live price of PancakeSwap is $ -- (CAKE/USDT) today with a current market cap of $ 755.85M. 24-hour trading volume is $ 38.55M. CAKE to USDT price is updated in real-time. CAKE is 0.00% in the last 24 hours. It has a circulating supply of 249.66M USDT.
CAKE Market Information
Popularity
#106
Market Cap
755.85M
24h Volume
38.55M
Circulation Supply
249.66M
About(CAKE)
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.
FAQ About PancakeSwap (CAKE)
What is PancakeSwap (CAKE)?
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It operates as an automated market maker (AMM) similar to Uniswap but is specifically designed to function within the Binance Smart Chain ecosystem.
How to Buy PancakeSwap (CAKE)?
You can buy PancakeSwap (CAKE) here on Toobit with USDT. Read our guide on How to Buy Crypto on Toobit for more information.
How to Use PancakeSwap (CAKE)?
PancakeSwap operates as a decentralized (DEX) exchange through an automated market maker system (AMM). There are no intermediaries or order books, unlike traditional exchanges. Smart contracts allow traders to trade with liquidity pools funded by global investors. It eliminates the requirement for an order-matching system and allows traders to easily swap tokens without waiting for counterparties. PancakeSwap allows you to deposit a token into a pool, and then withdraw the token that was deposited. Users can farm CAKE tokens for CAKE tokens using yield farming. Liquidity providers earn a portion of the trading fees.
What is PancakeSwap(CAKE) Price Now?
Are you looking for PancakeSwap(CAKE) Price? Live CAKE price is updated in real-time on Toobit.
What is PancakeSwap (CAKE) Used For?
CAKE is a digital currency that can be paired up with other digital currencies for liquidity pools and staking on PancakeSwap. It can also be used for digital payments around the world.
