PancakeSwap Logo

PancakeSwap CAKE

PancakeSwap header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rankā„¢
Price
52W High price $20.52
52W High date 21st Oct 2021 (11 months ago)
All Time High (ATH) Date 30th Apr 2021 (1 year ago)
ATH Price $43.96
% From ATH -90.21%
All Time Low (ATL) Date 3rd Nov 2020 (1 year ago)
ATL Price $0.19
% From ATL 2112.62%
Supply & Trading Volume
Trading Volume (24h) $65.12M
Total Supply 332.45M
Max Supply 750.00M
Circulating Supply 143.31M
Description

PancakeSwap is what is known as an automated market maker (AMM) which is essentially this decentralized finance (DeFi) application that allows users to exchange tokens while providing liquidity through farming and earning fees in return.

PancakeSwap is what is known as an automated market maker (AMM) which is essentially this decentralized finance (DeFi) application that allows users to exchange tokens while providing liquidity through farming and earning fees in return.

When we discuss the history of PancakeSwap, it originally launched in September of 2020 and is a decentralized exchange that specializes in swapping BEP20 tokens on the Binance Smart Chain. However, PancakeSwap also allows you to trade cryptocurrencies and tokens without a centralized intermediary, which means that you keep custody of your tokens at all times. It is built on automated smart contracts that are deployed on the Binance Smart Chain, which is the blockchain platform that is run by the crypto exchange Binance. Now, even though Binance operates a centralized exchange, it does not have control or any operation over PancakeSwap.

Furthermore, it uses an automated market maker model where the traders can trade against a liquidity pool, where each pool is filled by users that end up depositing their funds into it to receive liquidity provider (LP) tokens in return.

These tokens can over time be used for them to reclaim their share of the pool. These LP tokens are known as FLIP, and PancakeSwap allows users to farm additional tokens known as CAKE and SYRUP in the theme of the entire AMM. Users can deposit LP tokens and get rewarded with CAKE.

Now, if you want to trade BEP20 tokens here, provide liquidity to the exchange, and as a result, earn fees and stake LP tokens to earn CAKE, you can do so. Furthermore, you can stake CAKE to earn tokens for other projects.

The CAKE Token Explained

The PancakeSawp token CAKE is a BEP20 token.

This token was originally launched on the Binance Smart chain and serves the function of incentivizing the liquidity provision on the platform.

As a user, you can stake your token in order to earn rewards. This is done by depositing LP tokens as well as locking them in the pool. This process of farming is rewarded by the system with CAKE tokens, and the tokens can, later on, be withdrawn with zero holding time. CAKE also gives you the opportunity to invest and increase returns in the future as well.

Features of PancakeSwap

PancakeSwap is unique in the sense that it uses an automated market maker model. This in turn allows it to use liquidity pools instead of order books. As a user, you have the ability to actually earn income through becoming a liquidity provider, by adding your tokens to the liquidity pool, where you will farm LP tokens, and you can then stake your CAKE to earn rewards.

This means that PancakeSwap essentially cuts out the middleman found on centralized exchanges and lets users get the rewards instead.

Founders of PancakeSwap (CAKE)

Discussing the founders of PancakeSwap, unfortunately, we do not really know who they are as it is a Binance Smart Chain-based decentralized exchange (DEX) as well as an automated market maker (AMM) that was developed by anonymous developers.

The Stack Crunch Newsletter

Data driven investment insights directly to your inbox.

2. Price

CAKE/USD

2.1. Market Performance

How does PancakeSwap's (CAKE) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

8.6%

CAKE

-14.4%

Similar Market Cap

60 Day Return

29.2%

CAKE

19.9%

Similar Market Cap

1 Year Return

-75.9%

CAKE

-67.5%

Similar Market Cap

3. Developer Activity

We're monitoring 27 PancakeSwap GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All PancakeSwap Repos)

Commits vs. The Market

Upgrade to view market comparison data. Understand how active the developers are on this project, relative to other projects.

Upgrade now

Most Active Repos

Past week 127
Past 12 weeks 552
Past year 1596
Past week 42
Past 12 weeks 137
Past year 539
Past week 0
Past 12 weeks 8
Past year 369
Past week 0
Past 12 weeks 0
Past year 271
Past week 0
Past 12 weeks 0
Past year 109
Past week 0
Past 12 weeks 0
Past year 94

Top Developers 2022

In total, WopZp (Upgrade to view) developers have contributed to PancakeSwap over the past year. Who are the most active PancakeSwap developers, by commits, over the past year?

Related Projects

Developers working on PancakeSwap also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 85,647
Active Reddit Users (past 24h) 723
Discord users
Active Discord Users
Telegram Users 75,597
Twitter followers 2M
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://pancakeswap.finance/
Explorer https://bscscan.com/token/0x0e09fabb73bd3ade0a17ec...
Twitter @pancakeswap
reddit /r/pancakeswap
Forum https://medium.com/@pancakeswap

What is the correct contract address for PancakeSwap?

Energi 0x46dbd9e16c42fed902e9d35c7bd3c9f6a3cb6321
Binance-smart-chain 0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82

Has PancakeSwap been audited for security?

No security audits found for this project.

Are you the owner of PancakeSwap? Edit it here

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.