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PancakeSwap (CAKE) price, chart, coin profile and news

Find the latest PancakeSwap (CAKE) price, coin profile, news and history to get you started with PancakeSwap trading and investing.

PancakeSwap (CAKE) is the 63rd largest cryptocurrency in the world by market cap, valued at $1,396,703,298. The current price of PancakeSwap is $3.67, which is -2.653% lower than yesterday. Prices have ranged between $3.82 and $3.7 over the past 24 hours. All prices are listed in US dollars and accurate as of March 24, 2023 12:03 UTC.

Pancakeswap price chart

Price over the past month

What is Pancakeswap?

PancakeSwap is a decentralized exchange that makes use of the Binance Smart Chain (BSC). Much like many of the other food-themed DeFi products in the market today — such as SushiSwap, Pickle Finance, etc.

– it affords users the ability to farm tokens in exchange for liquidity. Also, it is worth emphasizing that since the project has been built atop BSC, users can only trade tokens, add liquidity and acquire incentives via BEP-20 complaint assets. CAKE is the native crypto of the PancakeSwap ecosystem, with its main goal being to incentivize liquidity providers. Even though the currency has no max supply cap, small sums are burned regularly, so as to reduce its overall supply pool (thus preventing their value from being diluted).

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Pancakeswap recent updates

PancakeSwap has announced its Inital Farm Offering (IFO) 3.0 and new IFO cake pool is now live. Users staking CAKE in an IFO stake pool earn IFO credits which secure commitment limits in the next IFO sale.
PancakeSwap released its first NFT set, along with an NFT marketplace hosted on the platform. The first form of the marketplace only allowed for the transaction of native NFTs. However, upgrades are planned to improve interoperability.

How we keep this PancakeSwap guide up-to-date

  • CAKE price data is regularly updated through data feeds so you always have the latest information.
  • PancakeSwap performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

Pancakeswap at a glance

Basic stats for Pancakeswap

$1 B
375 M
183 M
Automated market maker
Binance smart chain

Pancakeswap performance over time

Pancakeswap fundamental and technical analysis

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Social activity for Pancakeswap

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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