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PancakeSwap Price (CAKE)

PancakeSwap Price (CAKE)

Currency:
CAKE to USD:
1 PancakeSwap equals $ 2.34458 USD-10.29%1D
Page last updated: 2024-12-22 06:14 (UTC+0)
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Note: This information is for reference only.

Price of CAKE today

The live price of PancakeSwap is $ 2.34458 per (CAKE / USD) with a current market cap of $ 695.54M USD. 24-hour trading volume is $ 149.68M USD. CAKE to USD price is updated in real-time. PancakeSwap is -10.29% in the last 24 hours with a circulating supply of 296.66M.
CAKE Price History USD
Date ComparisonAmount Change% Change
Today$ -0.269012-10.29%
30 Days$ 0.357724+18.00%
60 Days$ 0.477872+25.60%
90 Days$ 0.342485+17.11%

CAKE Market Information

24h Low & High
Low: $ 2.297828
High: $ 2.649797
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 44.18
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
+1.99%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-10.29%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-26.90%
The percentage change in price for this asset compared to 7 days ago.

CAKE Market Information

Popularity
#122
Popularity is based on the relative market cap of assets.
Market Cap
$ 695.54M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 149.68M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
296.66M
65.92%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
450.00M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 1.06B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2020-09-22

What Can You Do With PancakeSwap (CAKE)?

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About PancakeSwap (CAKE)

PancakeSwap is a peer-to-peer (P2P) supported decentralized exchange (DEX) launched on Binance in September 2020. By 2021, it was recognized as the largest DEX on Binance. The daily trading volume on PancakeSwap has reached into the hundreds of millions consistently, even when the cryptocurrency market has experienced down-trends.

PancakeSwap’s native token is CAKE. Since PancakeSwap operates as an Automated Market Maker (AMM) — in which liquidity is provided by peers who lock funds into the protocol on their own — CAKE is used as a utility token that incentivizes liquidity provision on the DeFi platform. It is a BEP-20 token and is, therefore, fully compatible with other Binance-based cryptocurrencies. CAKE price is updated and available in real time on Binance.

People Also Ask: Other Questions About PancakeSwap

  1. What is CAKE Used For?

    CAKE can be paired with other digital currencies in publicly available liquidity pairs for staking and liquidity pools on PancakeSwap. It is used as a cryptocurrency for global digital payments as well.

  2. Who is the PancakeSwap Founder?

    The identity of the founder(s) of PancakeSwap is unknown, as the project was launched anonymously in September 2020. The team behind PancakeSwap refers to themselves as the "Pancake Squad" and has chosen to remain anonymous, which is not uncommon in the decentralized finance (DeFi) space. 

  3. What is the Maximum Token Supply of CAKE?

    The maximum supply of CAKE is reportedly 750 million tokens, of which 163.96 million are in circulation at the time of writing. The ecosystem benefits from regular token burns that are periodically performed by CAKE’s core team.

  4. What Makes PancakeSwap Different From Others?

    While its operation as an AMM ecosystem is not entirely unique, the success of PancakeSwap’s DeFi protocols malkes the network stand out.

    PancakeSwap has reportedly been able to capture the largest share of decentralized trade and exchange on Binance, supposedly assisted by its ability to offer its 2.8 million users attractive, sustainable liquidity and staking pool opportunities.

  5. How to Use PancakeSwap CAKE?

    PancakeSwap is a decentralized exchange (DEX) that operates through an automated market maker (AMM) system. Unlike traditional exchanges, there are no order books or intermediary companies involved. Instead, traders trade against liquidity pools that are funded by investors globally, through smart contracts. This eliminates the need for an order matching system, allowing traders to swap tokens easily without waiting for counterparties. To use PancakeSwap, simply deposit one token into a pool and withdraw the other token in return. Liquidity providers can earn a share of trading fees, while yield farming allows users to farm for CAKE tokens.

  6. How To Buy CAKE?

    CAKE can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live CAKE price is updated in real time on Binance. Additional CAKE price and purchase information is available in our How to Buy PancakeSwap (CAKE) Guide.

CAKE to Local Currency

FiatPriceOperation
1 CAKE to TRY$ 2.34458
1 CAKE to RUB$ 2.34458
1 CAKE to EUR$ 2.34458
1 CAKE to AED$ 2.34458
1 CAKE to AUD$ 2.34458
1 CAKE to BRL$ 2.34458
1 CAKE to VND$ 2.34458
1 CAKE to IDR$ 2.34458
Last updated 2024/12/22 06:14 (UTC)

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