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View ChartPancakeSwap is the leading decentralized exchange (DEX) and DeFi ecosystem on the BNB Chain, renowned for its high performance, low fees, and extensive suite of yield-generating products.
Key takeaways
PancakeSwap is an automated market maker (AMM) that allows users to trade tokens, provide liquidity, and earn rewards in a permissionless and decentralized environment.
| Item | Details |
|---|---|
| Name (Ticker) | PancakeSwap (CAKE) |
| Alternative Names | - |
| Consensus Mechanism | Proof-of-Staked-Authority (PoSA) via BNB Chain |
| Smart Contracts | Fully Supported (on BNB Chain, Ethereum, and Arbitrum) |
| Category | Decentralized Exchange (DEX) / DeFi |
| Hash Algorithm | Keccak-256 |
| Block Reward | - |
| Max Supply | 400,000,000 CAKE (capped) |
| TPS | High (Leverages BNB Chain's high throughput) |
| Scaling Solution | Native to BNB Chain |
| Blockchain | Primarily BNB Chain, with deployments on Ethereum and Arbitrum |
PancakeSwap was created by a group of anonymous developers. The project is maintained by a decentralized community of contributors and governed by CAKE token holders through its Decentralized Autonomous Organization (DAO). This structure aligns with the core ethos of DeFi, prioritizing transparency through code and community-led development over centralized leadership. The team has consistently delivered on its roadmap, evolving the platform from a simple AMM to a comprehensive DeFi hub.
PancakeSwap operates using the automated market maker (AMM) model. Instead of a traditional order book, it relies on liquidity pools. Users called liquidity providers (LPs) deposit pairs of tokens into these pools, creating the market depth needed for trades. In return, they earn a share of the trading fees generated by that pool.
PancakeSwap's primary value proposition is its deep integration with and optimization for the BNB Chain, which offers significantly lower transaction fees and faster block times compared to Ethereum mainnet. This makes DeFi activities like farming, swapping, and staking economically viable for a broader audience. Its commitment to a deflationary model for CAKE, including regular token burns from protocol revenue, aims to create long-term scarcity. Furthermore, its relentless innovation—pioneering features like lottery, prediction markets, perpetual futures trading (on Aptos & Arbitrum), and gaming—transforms it from a simple DEX into a vibrant, all-in-one DeFi destination, constantly attracting and retaining users.
The CAKE token is the central utility and governance asset within the PancakeSwap ecosystem. Its uses are multifaceted:
The PancakeSwap ecosystem is in a state of continuous and aggressive expansion, moving far beyond its AMM roots. Key developments include:
CAKE is not a mineable token through traditional proof-of-work. It is minted as rewards for specific on-chain activities. The primary ways to "earn" new CAKE are:
Securing your CAKE tokens is paramount. For long-term holding, a non-custodial hardware wallet like Ledger or Trezor, connected to a Web3 interface like MetaMask, provides the highest security by keeping your private keys offline. For more active use within the PancakeSwap ecosystem, reputable software wallets like MetaMask, Trust Wallet, or SafePal are excellent choices. Always ensure you are interacting with the official PancakeSwap website to avoid phishing scams, never share your seed phrase, and consider using a dedicated browser profile for your crypto activities.
CAKE is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC for higher liquidity and better customer support.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose PancakeSwap products that suit your trading style
CAKEUSDTZero slippage, ultra-fast matching, supports large spot transactions seamlessly, ideal for long-term asset allocation and spot accumulation.
TradeCAKEUSDTIndustry-low fees, supports up to 50x leverage. Go long or short flexibly to capture intraday market movements.
TradeAs of right now, the live price of PancakeSwap (CAKE) is C$1.961928. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated CAKE to USD rate at the top of BTCC’s price page. In terms of market scope, PancakeSwap records a 24h trading volume of C$24.602756M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$639.790121M. Its current circulating supply stands at 321.6M out of a maximum supply cap of 400M.
The price volatility of PancakeSwap (CAKE) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (321.6M) to max supply (400M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, PancakeSwap (CAKE) hit an all-time high (ATH) of C$61.274292 on 2021-04-30 10:05, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.000321 on 2020-09-29 07:55. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading CAKE futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$24.602756M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s CAKEUSDT perpetual contracts support two-way trading. If you anticipate a price decline for PancakeSwap, simply log into your BTCC account with USDT margin available, navigate to the CAKEUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for CAKEUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$1.961928), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for CAKEUSDT with zero financial risk.
Trading PancakeSwap (CAKE) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for CAKEUSDT, and review its live price (C$1.961928) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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MonadMONC$0.029096-3.65%Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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