PancakeSwap to USD Price Chart

PancakeSwap Statistics

Market Rank	#122
Market Cap	$ 700.3M
Volume 24h	$ 53.5M
Circ. Supply	255.6M
Total Supply	384.3M
Max Supply	450.0M

What Is PancakeSwap (CAKE) and How Does It Work?

PancakeSwap (CAKE) is a decentralized exchange built on the Binance Smart Chain. It allows users to swap different cryptocurrencies directly from their wallets in a secure and efficient manner, bypassing the need for traditional, centralized exchanges. Just like physical cake, the digital CAKE token can be 'served' in several ways – it is primarily used for providing liquidity on PancakeSwap's exchange and to participate in the platform's governance.

Who Created PancakeSwap and What Was Their Motivation?

The creators of PancakeSwap remain anonymous and are represented by a cartoon chef, Chefcake. This continues the tradition started by Bitcoin's mysterious creator, Satoshi Nakamoto. The primary motivation behind PancakeSwap was to create a decentralized exchange that optimized for speed and low costs, capitalizing on the strengths of the Binance Smart Chain.

What Makes PancakeSwap Different from Other Cryptocurrencies?

PancakeSwap stands apart through its utilization of the Automated Market Maker (AMM) approach instead of the order book model traditionally used by centralized exchanges. This makes it faster and cheaper to conduct transactions. Also, unlike many cryptocurrencies which are purely for transfer of value or investment, CAKE serves practical utility within the PancakeSwap platform.

What Is the Current Price of PancakeSwap (CAKE) Today?

The current price of PancakeSwap (CAKE) is $ 2.74.

How Has PancakeSwap's Price Changed Recently?

In the last 24 hours, PancakeSwap (CAKE) has decreased by -1.24%.

How Many CAKE Tokens Are Currently in Circulation?

Currently, there are 255.6M CAKE tokens in circulation.

Where Is the Best Place to Buy PancakeSwap (CAKE) Safely?

CAKE tokens can be safely purchased on the following exchanges: LBank, CoinEx, KuCoin, BitMax, Indodax.

How Can I Securely Store My PancakeSwap (CAKE) Tokens?

To securely store your CAKE tokens, you can use a variety of wallet options. These include hardware wallets for maximum security, software wallets for ease of use and accessibility, and wallets created specifically for DeFi products like PancakeSwap. Always make sure your private keys are stored securely and not shared with anyone.