PancakeSwap Price

PancakeSwap is the native governance token of the PancakeSwap decentralized exchange ecosystem on Binance Smart Chain. As a versatile utility token, CAKE can be used for: 1. Trading: Swap CAKE for other tokens on PancakeSwap 2. Yield farming: Provide liquidity and stake CAKE to earn rewards 3. Staking: Lock up CAKE in Syrup Pools to earn more tokens 4. Governance: Vote on proposals to guide the platform's development 5. Lottery: Participate in CAKE lotteries for a chance to win prizes Key CAKE stats: - Current price: $2.22 - 24h change: -0.53% - Market cap: $715.06M - Circulating supply: 321.21M CAKE - Max supply: 450M CAKE CAKE was launched in September 2020 and has since become one of the most popular DeFi tokens. Its price reached an all-time high of $43.96 in April 2021. With its growing ecosystem and deflationary tokenomics, CAKE aims to maintain long-term value for PancakeSwap users and holders.

PancakeSwap was created in September 2020. It was launched as the native governance token of the PancakeSwap decentralized exchange on Binance Smart Chain. Since its inception, PancakeSwap has become a core part of the PancakeSwap ecosystem, used for trading, providing liquidity, staking, voting on governance proposals, and other functions within the platform.

The founders of PancakeSwap are anonymous developers who launched the project in September 2020. The team behind PancakeSwap chose to remain pseudonymous, following the tradition of many decentralized finance (DeFi) projects. While their identities are unknown, the founders have been actively involved in the development and governance of PancakeSwap since its inception. The project quickly gained popularity on the Binance Smart Chain, becoming one of the leading decentralized exchanges. The anonymous founding team continues to guide PancakeSwap's evolution through community governance, where CAKE token holders can vote on key decisions affecting the protocol's future.

PancakeSwap works as the native governance token of the PancakeSwap ecosystem. Here's how it functions: 1. Liquidity Provision: Users can provide liquidity to trading pairs involving CAKE to earn rewards. 2. Staking: CAKE can be staked in various pools to earn additional CAKE or other tokens. 3. Farming: Users can farm CAKE by providing liquidity to specific pools. 4. Governance: CAKE holders can vote on proposals to influence the platform's development and tokenomics. 5. Deflationary Mechanism: Regular token burns help control CAKE's supply and potentially increase its value. 6. Transaction Fees: A portion of trading fees on PancakeSwap is used to buy back and burn CAKE. 7. Incentives: CAKE is used to incentivize users to participate in various platform activities. 8. Lottery: Users can participate in lotteries using CAKE for a chance to win larger amounts. The current price of CAKE is $2.22, with a 24-hour trading volume of $2.31M. Its market cap stands at $715.06M, ranking it 115 among all cryptocurrencies. The circulating supply is 321.21M CAKE CAKE.

PancakeSwap is built on the Binance Smart Chain (BSC) using an automated market maker (AMM) model. Its core technical components include: 1. Smart contracts: Written in Solidity and deployed on BSC to handle token swaps, liquidity provision, and other DeFi functions. 2. Liquidity pools: Pairs of tokens locked in smart contracts that enable decentralized trading. 3. Automated pricing mechanism: Uses the constant product formula (x * y = k) to determine token prices based on the ratio of assets in liquidity pools. 4. Governance system: Allows CAKE token holders to vote on protocol changes and upgrades. 5. Yield farming and staking contracts: Enable users to earn rewards by providing liquidity or staking CAKE. 6. Cross-chain bridges: Allow CAKE to be transferred between BSC and other blockchains like Ethereum. 7. Price oracles: Provide external price data to smart contracts for various functions. This architecture enables PancakeSwap to offer fast, low-cost trading and yield generation on BSC while maintaining decentralization and security. The protocol is continuously evolving through governance proposals and upgrades.

The future of PancakeSwap looks promising with several key developments on its roadmap: 1. Expansion to new blockchains: PancakeSwap plans to launch on additional Layer 1 and Layer 2 networks beyond BSC in 2026 and 2027, increasing cross-chain interoperability. 2. Enhanced DeFi offerings: New yield farming strategies, lending/borrowing features, and synthetic assets are slated for release in 2026. 3. NFT marketplace growth: Expanding NFT trading capabilities and introducing NFT staking by 2026. 4. Improved tokenomics: Implementing deflationary mechanisms to optimize CAKE supply and value accrual starting 2026. 5. Governance upgrades: Transitioning to a more decentralized DAO structure by 2027. 6. Mobile app launch: Native iOS and Android apps planned for 2026 to increase accessibility. 7. Metaverse integration: Exploring virtual world and gaming partnerships in 2027-2030. With these initiatives, PancakeSwap aims to cement its position as a leading DEX and DeFi ecosystem. Price predictions suggest potential growth to $2.66 by 2026 and $4.22 by 2030, though crypto markets remain volatile.