PancakeSwap
Price
$1.83 (0%)
All Time High
$43.96 (-96%)
Market Cap
$504,415,055
Volume (24h)
56,624,704
Circulating Supply
275,914,765 CAKE
Max Supply
450,000,000 CAKE
PancakeSwap's price today is $1.83 USD, with a 24-hour trading volume of $56,624,704 USD. CAKE is down -0.24% in the last 24 hours. PancakeSwap is currently ranked #160 with a market capitalization of $504,415,055 USD.
PancakeSwap is a decentralized exchange on the BNB Chain that focuses on BEP20 tokens, a standard developed by Binance. Traders do not need an order matching system since they trade against liquidity pools instead of counterparties. Liquidity pools are funds investors deposit into smart contracts to provide liquidity to traders.
To use PancakeSwap, users must create a wallet compatible with BNB Chain and connect it to the platform. Users can add liquidity to one of the pools on the platform by selecting "Add Liquidity" and choosing the token pair they wish to deposit. By depositing tokens in a liquidity pool, users can also become liquidity providers and earn a share of trading fees paid by those trading against the pool.
PancakeSwap's homepage has a "Connect Wallet" button at the top right corner to get started. Users can also use MetaMask but may need to configure it to work with BNB Chain-based decentralized apps like PancakeSwap. Once connected, users can interact with dApps like PancakeSwap and start trading BEP20 tokens.
Overall, PancakeSwap offers a decentralized alternative to traditional exchanges, where traders can trade against liquidity pools and liquidity providers can earn a share of trading fees. Users can get started by creating a compatible wallet and adding liquidity to one of the available pools on the platform.
On April 30th, 2021 10:08:22 AM, PancakeSwap hit a historic high of $43.96 USD. It has been about 4 years ago since PancakeSwap reached its peak.
On November 3rd, 2020 02:29:34 PM, PancakeSwap reached a bottoming price of $0.1944410000 USD. About 4 years ago has passed PancakeSwap has seen such a low price.
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