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CAKE

CAKE PancakeSwap

Currency:
🇺🇸 USD
🇺🇸 USD - US Dollar
🇨🇳 CNH - Offshore Chinese Yuan
🇯🇵 JPY - Japanese Yen
🇰🇷 KRW - South Korean Won
🇭🇰 HKD - Hong Kong Dollar
🇦🇺 AUD - Australian Dollar
🇪🇺 EUR - Euro
🇨🇭 CHF - Swiss Franc
🇬🇧 GBP - British Pound
🇨🇦 CAD - Canadian Dollar
🌐 TWD - Taiwan Dollar
🇲🇾 MYR - Malaysian Ringgit
🇸🇬 SGD - Singapore Dollar
🇳🇿 NZD - New Zealand Dollar
$ 1.38
+$0.005914 +0.43%
$1.39
24H High
$1.35
24H Low
$44.18
All-Time High
$0.0002318
All-Time Low
20.29M
24H Volume
$27.79M
24H Turnover
400.00M
Total Supply
$447.15M
Market Cap
3.29%
24H Range
323.21M
Circ. Supply
$1.44
Prev Open (UTC+8)
$1.39
Prev Close (UTC+8)
80.80%
Circulation Ratio

CAKEMarket

  • Trend
  • K-Line

CAKE Summary

CAKE is the platform token of PancakeSwap, one of the largest decentralized exchanges (DEXs) operating on the BNB Chain. PancakeSwap utilizes an automated market maker (AMM) model, which allows users to trade digital assets without the need for traditional order books. The platform has also expanded its operations to include multiple public blockchains, enhancing its accessibility and reach within the broader DeFi ecosystem.

Users on PancakeSwap can engage in various activities, including swapping tokens, providing liquidity to earn fees, and participating in yield farming to earn CAKE rewards. The platform also offers features such as lotteries and Initial Farm Offerings (IFOs), providing additional avenues for user engagement and potential returns. CAKE serves as the primary utility token within this ecosystem.

CAKE's core functions include rewarding liquidity providers for their contributions to the platform's liquidity pools, enabling staking opportunities for users to earn passive income, and facilitating governance decisions, allowing token holders to vote on key proposals and future developments. To manage its supply and maintain value, CAKE also incorporates a burning mechanism, which periodically removes tokens from circulation. This multifaceted utility underscores CAKE's integral role in the PancakeSwap decentralized finance environment.

CAKENews

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