PancakeSwap Token Price

PancakeSwap Token (CAKE) Live Price Chart

PancakeSwap Token Price Live Data

The current price of PancakeSwap Token is $2.44, with a 24-hour trading volume of $ 786,665. PancakeSwap Token has experienced a +1.83% change in the past 24 hours, and its USD value has increased by +6.29% over the past 7 days. The circulating supply of PancakeSwap Token is 247,284,730 CAKE and its current market cap stands at -- USD, up --% in the past 24 hours. PancakeSwap Token ranks #71 in market capitalization.

PancakeSwap Token(CAKE) Info

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About CAKE

What is PancakeSwap (CAKE)?

PancakeSwap is a leading decentralized exchange (DEX) and automated market maker (AMM) on BNB Smart Chain, which enjoys lower transaction costs than its counterparts running on Ethereum. The DEX supports trading, staking, lending liquidity, and even NFTs on its platform with the help of smart contracts.

It is one of the biggest names in decentralized finance (DeFi), garnering a share of more than 50% of DeFi activity on the BNB Smart Chain as of October 2022. Users can sign up simply by connecting their wallets to the app and trade in a non-custodial manner.

As of October 2022, the total value locked (TVL) of staking on PancakeSwap exceeds $4 billion. The platform has handled over 22 million trades from 1.9 million users in September 2022.

The BEP20 token CAKE is the native cryptocurrency of the PancakeSwap DEX and functions as its utility token. $CAKE is used for liquidity mining rewards, lottery rewards, governance, trading fee discounts on the platform, and more.

How Does PancakeSwap Work?

PancakeSwap is a decentralized application (dApp) running on the BNB Smart Chain, formerly Binance Smart Chain. There are three essential functions you can perform on the platform:


Use PancakeSwap to perform instant swaps of cryptocurrencies using its interface. Enjoy lower transaction fees on the BNB Smart Chain, making PancakeSwap a more pocket-friendly DEX than the ones on Ethereum.


You can stake $CAKE on PancakeSwap to earn attractive returns and put your crypto holdings to work. The platform offers several options, from Syrup Pools for staking CAKE to yield farms where you can stake LP tokens to earn CAKE and even earn trading fees by staking tokens in Liquidity Pools (LPs).


PancakeSwap also offers rewards like lotteries and NFT collectibles to drive engagement on its platform. Predicting the price change of BNB could also allow you to win rewards, while lock-staking and lottery via the DEX’s Pottery give you a chance to maximize yields on CAKE deposits.

History of PancakeSwap and $CAKE

The PancakeSwap platform was launched on the former Binance Smart Chain, now BNB Smart Chain, in September 2020. The dApp was developed by anonymous developers to counter the network congestion and high gas fees plaguing DEXs running on Ethereum.

Within a few months, by February 2021, PancakeSwap became the first project on the Binance Smart Chain to be worth $1 billion. Version 2 of the DEX went live in April 2021, adding more capabilities to the platform.

In the same month, the platform announced a new service called Initial Farm Offerings (IFOs) - a token sale mechanism to help new projects raise funds via PancakeSwap. In July 2021, the team behind the DEX raised $4 million in a seed round.

In Q1 2022, the team launched the service to let users buy and sell third-party BSC NFTs on its platform. Other focus areas based on their roadmap during the period include perpetuals trading, fixed term staking, limit order, NFT utility, NFT-based gamification, hackathon, a new version of Lottery, and an affiliate system.

In Q2, PancakeSwap worked on upgrades to its prediction feature, added multi-currency features, and more. Q3 2022 saw the rollout upgrades to IFO, voting, NFT market, lottery, staking, and more.


How can I buy PancakeSwap Token (CAKE)?

Buying CAKE on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy PancakeSwap Token (CAKE) for more information.

How much is 1 PancakeSwap Token (CAKE) worth?

KuCoin provides real-time USD price updates for PancakeSwap Token (CAKE). PancakeSwap Token price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time CAKE to USD exchange rates.

Is PancakeSwap (CAKE) a Good Investment?

PancakeSwap’s CAKE token is a good investment, especially if you want to generate passive income by putting your holdings to work. As the native token of one of the largest DEXs in the crypto market, investing in CAKE is a good idea if you wish to earn high returns from staking or yield farming.

Based on the CAKE price performance, it could also be good crypto to consider holding long-term, thanks to good fundamentals supporting the project. The PancakeSwap price could increase as more users sign on to use the DEX and trade on it.

Increased staking activity surrounding the $CAKE token could also drive the PancakeSwap higher and give good returns on your investment. The CAKE price statistics could also benefit from increased interest in decentralized finance by crypto users.

What is CAKE Token Used For?

$CAKE, a BEP20 token on the BNB Smart Chain, is the native cryptocurrency of the PancakeSwap ecosystem. It has the following uses:

Staking and Yield Farming

Stake CAKE in Syrup Pools or perform yield farming activities with your tokens to earn rewards on PancakeSwap. The DEX offers attractive returns on its services, making it a good option for seasoned crypto investors.

Native Currency

As the native currency of PancakeSwap, CAKE can be used to buy lottery tickets, participate in IFO sales, and trade NFTs on the platform. It can also be used to pay trading fees on PancakeSwap, earning you a discount.

Governance Token

CAKE token holders enjoy voting rights within the PancakeSwap ecosystem. You can vote on proposals and have a say in how the DEX evolves in the future.

Crypto Asset to Trade and HODL

Trade PancakeSwap against other crypto assets on supported platforms. Buy or sell CAKE against other cryptocurrencies or hold the token long-term if you believe in the future potential of the PancakeSwap project. Review the real-time PancakeSwap price, CAKE market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade CAKE.

Earn Passive Income on KuCoin

KuCoin lets you grow your CAKE holdings conveniently using the Crypto Lending feature. Head to this section to lend liquidity for CAKE on our platform. Earn attractive daily interest over seven days, 14 days, or 28 days and grow your portfolio risk-free.

How to Buy Crypto on PancakeSwap

Here’s how to buy cryptocurrency on the PancakeSwap:

1. Set up an account on a crypto wallet that supports BNB Smart Chain.

2. Connect your wallet to the PancakeSwap app.

3. Fund your wallet by buying BNB or BEP20 tokens on exchanges like KuCoin and transferring them to your wallet.

4. Use the Swap feature on PancakeSwap to exchange one crypto asset for another based on market movements.

How to Connect MetaMask Wallet to PancakeSwap

MetaMask is a popular crypto wallet for DeFi and Web3 users. Here’s how you can connect your MetaMask wallet to the PancakeSwap DEX:

1. Set up your wallet on MetaMask, if you are a new user.

2. Click on the top-left section of your MetaMask account to go to Settings.

3. Select Network and click on the Add Network button at the bottom.

4. Enter the following details on the next page and click on Confirm:

Network Name: BNB Smart Chain


Chain ID: 56

Symbol: BNB

Block Explorer URL:

5. Open the PancakeSwap app on another browser tab.

6. Connect your MetaMask wallet to the DEX successfully.

How to Stake $CAKE on PancakeSwap

The staking pool on PancakeSwap is called Syrup Pool. You can use this feature to stake CAKE tokens on the DEX conveniently. Here’s how:

1. Visit the PancakeSwap app and connect your wallet to it. Ensure that you have sufficient funds in CAKE for staking.

2. Select the Earn tab on the PancakeSwap interface and click on Pools.

3. View the list of available Syrup Pools, and review the APYs and tenure on offer.

4. Click on Details and then Enable to stake to a particular Syrup Pool of your choice.

5. Confirm the transaction, sit back, and earn CAKE rewards to grow your holdings through staking.

How much PancakeSwap Token (CAKE) is there in circulation?

As of 12 8, 2023, there is currently 247,284,730 CAKE in circulation. CAKE has a maximum supply of --.

How do I store PancakeSwap Token (CAKE)?

You can securely store your PancakeSwap Token in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your CAKE include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
-- USD