PancakeSwap
In the last hour, PancakeSwap's price has seen a change of -0.12%, and over the past 24 hours, its price has moved by -1.05%. Over the previous week, PancakeSwap's price has moved by +15.25%. The current price of PancakeSwap is $2.7501, accompanied by a trading volume of 48.86M in the last day. PancakeSwap's price is currently 93.78% below its all-time high of $44.18, which remains the highest price PancakeSwap has achieved since its launch. The circulating supply of PancakeSwap stands at 319.0M, translating to a total market capitalization of 877.3M.
Market stats
Frequently asked questions
What is the PancakeSwap network?
PancakeSwap and its token (CAKE) is a decentralized blockchain network that functions as a decentralized exchange (DEX) based on automated market maker (AMM) mechanisms. This means it does not require order books to execute trades in the traditional way, instead it uses smart contracts and liquidity pools. It initially focused on exchanging BEP-20 tokens on the BNB Smart Chain, then expanded to support ERC-20 and other token standards across multiple networks. As of 2025–2026, PancakeSwap operates on more than 10 blockchains, including the BNB Smart Chain, Ethereum, BASE, Arbitrum, Polygon, zkEVM, zkSync Era, Lina, opBNB, Aptos, and Solana. This multi-chain expansion allows users on different networks to access PancakeSwap’s features without having to be tied to a single chain.
How does the PancakeSwap network work?
PancakeSwap relies on an Automated Market Maker (AMM) model to determine the prices of crypto assets and enable trading without a central intermediary. Swaps take place through liquidity pools, which are smart contracts containing reserves where users can deposit assets in exchange for a share of the trading fees. The Automated Market Maker (AMM) model automatically determines the price based on the ratio of assets within the liquidity pools, the lower the quantity of one asset relative to another, the higher the price. Trades are executed directly through smart contracts according to specific rules, making them permissionless and transparent. The network also relies on the Proof of Stake Authority (PoSA) mechanism, which offers higher speed and lower costs compared to Proof of Work, albeit at the cost of a lower degree of decentralization. CAKE is the network’s native cryptocurrency and is used for utility and governance purposes. It can be used to participate in yield farming, governance voting, lottery giveaways, and prediction markets.
Is CAKE available on Rain?
We are constantly working to expand our list of listed assets, and although we cannot provide a specific date for the listing of PancakeSwap (CAKE) at this time, you can follow the latest updates through our official social media channels such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulatory framework for trading digital assets in the region
What are the risks and considerations
Before buying CAKE, it is important to understand the associated risks:
• Price volatility risk: the token may be subject to sharp price fluctuations.
• Liquidity risk: liquidity may affect the token’s price movement.
• Dependency risk: the token relies heavily on the PancakeSwap platform and may be affected by any changes to the platform, whether positive or negative.
• Governance and regulatory risks: the value of the token may be affected by legislation and regulation.
• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not purchase CAKE based solely on price predictions. Instead, you should study the whitepaper, the token’s use cases, the project, and your risk tolerance before making any decision.
What is PancakeSwap?
It is a decentralized exchange where you can trade digital tokens without a broker.
Does the network support an inflationary mechanism to control supply?
Yes. The platform implements the “Ultrasound CAKE” burning mechanism, which routinely burns more tokens than it issues each week, using trading fees, prediction game losses, and lottery sales.
What network does CAKE use?
CAKE is originally a BEP-20 token on the BNB Smart Chain, but bridge technologies allow it to operate across many other blockchains, such as Ethereum.
What is a PancakeSwap wallet?
A PancakeSwap wallet is where you can securely store PancakeSwap. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a PancakeSwap address?
A PancakeSwap address is a string of unique characters that is tied to your PancakeSwap wallet. The address functions just like a bank account number and it is what you use in order to send PancakeSwap from your wallet, or to receive PancakeSwap to your wallet.
What are the most popular cryptocurrencies besides PancakeSwap?
Besides PancakeSwap, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of PancakeSwap be in next 5 years?
Price predictions for PancakeSwap over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading PancakeSwap taxable?
Trading PancakeSwap may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is PancakeSwap's ATH?
PancakeSwap’s all-time high (ATH) was $ 44.18 on 30 Apr 2021. This represents the highest recorded market price of the asset to date.
When will PancakeSwap be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for PancakeSwap just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of PancakeSwap?
With a market capitalization of 877.3M, PancakeSwap is ranked 70 among other crypto assets.
What is the all-time high of PancakeSwap?
The highest valuation of PancakeSwap since its launch was at $44.18, marking its all-time high.
What is the 24-hour trading volume of PancakeSwap?
The trading activity of PancakeSwap over the last 24 hours was at 48.86M, highlighting its liquidity in the market.
How many PancakeSwap are there in circulation?
There are approximately 319.0M units of PancakeSwap currently in circulation, affecting its market dynamics.
What is the relative popularity of PancakeSwap?
PancakeSwap market cap is around 877.3M.
When was PancakeSwap created?
PancakeSwap was introduced on 22 Sept 2020.
Website
White paper
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