PancakeSwap (CAKE)

PancakeSwap (CAKE)

The price of PancakeSwap is $3.23, a +14.24% change over the last 7 days. Learn more about PancakeSwap’s price history, how it works, and how to invest.

Updated: Mar 21, 2023
Historical Data
Price Statistics
PancakeSwap price today
24h Change $0
24h Low $3.09
24h High $3.29
Market Cap $762.48M
Trading Volume (24h) $133.50M
Market Dominance 0%
Market Rank #103
Circulating Supply 236.26M
Max Supply 450M

PancakeSwap markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
CAKE/USDT $3.09 $244,305.04 $919.58 290,900 Recently
Bitvavo Bitvavo
CAKE/EUR $3.07 $47,636.53 $28,982.01 261,966 Recently
CAKE/USDT $3.09 $387,203.80 $369,455.50 361,731 Recently
BingX BingX
CAKE/USDT $3.09 $144,044.88 $196,219.71 938,137 Recently
Dex-Trade Dex-Trade
CAKE/USDT $3.09 $5,887.94 $4,429.12 424,282 Recently
Currency.com Currency.com
CAKE/USD $3.08 $31,641.39 $123,250.15 23,937 Recently
WazirX WazirX
CAKE/USDT $3.14 $4,114.03 $4,064.04 403 Recently
WazirX WazirX
CAKE/INR $3.34 $1,296.31 $71.53 4,236 Recently
PancakeSwap v3 (zkSync Era) PancakeSwap v3 (zkSync Era)
CAKE/WETH $3.09 - - 62 Recently
PancakeSwap v3 (zkSync Era) PancakeSwap v3 (zkSync Era)
USDC/CAKE $0.99105 - - 31 Recently
CAKE/USDT $2.78 - - 78,187 Recently
Bitunix Bitunix
CAKE/USDT $2.79 - - 4,721,746 Recently
CoinEx CoinEx
CAKE/USDT $2.79 - - 670,528 Recently
Bitrue Bitrue
CAKE/USDT $2.78 - - 1,153,261 Recently
Blofin Blofin
CAKE/USDT $2.78 - - 603,138 Recently
Fairdesk Fairdesk
CAKE/USDT $2.79 - - 835,457 Recently
CAKE/USDT $2.79 - - 1,079,504 Recently
Flipster Flipster
CAKE/USDT $2.79 - - 152,587 Recently
Pionex Pionex
CAKE/USDT $2.79 - - 300,380 Recently
CAKE/USDT $2.79 - - 201,316 Recently
No data found
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About PancakeSwap

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What is the PancakeSwap price today?

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The CAKE price is currently $3.23. The price of PancakeSwap is +22.76% over the last 30 days. You can use the live PancakeSwap chart to track the CAKE/USD price in real time above, or compare the PancakeSwap value today to its past performance using the PancakeSwap price history tab at the top of this page.

What is the total supply of CAKE?

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The circulating supply is 236,262,976.01 CAKE, out of a total maximum supply of 450,000,000.00 CAKE.

What is the price prediction for PancakeSwap?

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The average PancakeSwap price prediction values the coin at $2.10 by the end of 2023. Things like the economic climate and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is PancakeSwap?

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PancakeSwap is a decentralised exchange (DEX) that serves a key role in the world of decentralised finance (DeFi), processing hundreds of millions of dollars in cryptocurrency trades every day and serving millions of users.

Its cryptocurrency, CAKE, is primarily used to provide voting rights to token holders, so they can help make decisions regarding the development of PancakeSwap. 

In addition, sticking with the sugary theme, CAKE can be staked for rewards on PancakeSwap in something called a SYRUP pool. 

How does PancakeSwap work?

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PancakeSwap uses liquidity pools rather than a traditional order book. Liquidity pools are separate digital groups filled with different cryptocurrency tokens. This means there are always tokens available to exchange, providing the liquidity needed for the platform to function effectively.

How is the PancakeSwap network secured?

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Pancakeswap is secured by the blockchain that it runs on. CAKE uses a unique hybrid consensus algorithm called Proof of Staked Authority (PoSA) and is connected to the Binance Smart Chain.

Validators, who are other users on the network, are responsible for securing and verifying transactions. However, unlike Ethereum, which boasts over 70,000 validators, the BSC blockchain only supports 41 validators.

What is PancakeSwap used for?

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The PancakeSwap platform has multiple uses, including trading, providing liquidity, and farming. It is an automated market maker, which means other users deposit funds into pools so that there is always liquidity for traders.

When you deposit your cryptocurrency into one of PancakeSwaps pools, you can later withdraw it and additional funds made up from trading fees.

Why does CAKE have value?

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PancakeSwap is one of the most popular decentralised exchanges due to its low transaction fees, which are 0.2% rather than the industry standard of 0.3%. CAKE can also be staked and attracts high yields.

Who created PancakeSwap?

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The platform was founded by an anonymous group of developers in September 2020. Unlike most DEXs, which are built on Ethereum (such as Uniswap), the developers opted for the Binance Smart Chain courtesy of its faster and cheaper transactions.

Where can I buy PancakeSwap?

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You can buy PancakeSwap on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in PancakeSwap?

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The simplest way to invest in PancakeSwap is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any PancakeSwap alternatives?

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There are lots of CAKE alternatives and if you want to learn more about a few similar coins, you can click the links below.

  • Huobi Token. Huobi Token is the native coin of the Huobi exchange.
  • Cronos. Cronos is a cryptocurrency that is part of the Crypto.com exchange
  • Binance Coin. BNB is the native coin of the Binance cryptocurrency platform

More crypto guides

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Is PancakeSwap safe?
Has PancakeSwap been hacked?
James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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Latest PancakeSwap news

BitForex exchange down; website no longer accessible
February 26, 2024
Here’s why Uniswap, dYdX, Synthetix, CAKE, RUNE are surging
February 24, 2024
What next for CAKE as PancakeSwap burns 8.5 million tokens?
January 15, 2024
PancakeSwap proposes to reduce CAKE token supply by 300M
December 21, 2023
For those invested in PancakeSwap and the Sandbox, this new presale might catch your eye
November 13, 2023
PancakeSwap, Synthetix, Aave, Uniswap, as fear and greed index rises
November 2, 2023