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How to Stake PancakeSwap
You can earn rewards for PancakeSwap through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.
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PancakeSwap (CAKE) is not tradable on Coinbase.
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
PancakeSwap Price (CAKE)
Market stats
PancakeSwap is on the decline this week. ↘
The price of PancakeSwap has decreased by 1.25% in the last hour and decreased by 4.01% in the past 24 hours. PancakeSwap’s price has also fallen by 30.82% in the past week. The current price is $2.30 per CAKE with a 24-hour trading volume of $109.83M. Currently, PancakeSwap is valued at 94.79% below its all time high of $44.18. This all-time high was the highest price paid for PancakeSwap since its launch.
The current circulating supply of PancakeSwap is 296,667,795.24 CAKE which means that PancakeSwap has as total market cap of 296,667,795.24.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$682.8M
Volume (24h)
$109.8M
Circulating
296.7M CAKE
All time high
$44.18
Price change
1 hour
↘ 1.25%
1 day
↘ 4.01%
1 week
↘ 30.82%
2 weeks
↘ 41.96%
1 month
↗ 16.72%
1 year
↘ 7.3%
1 year benchmarks
Performance
↘ 9.43%
Vs. Market
↘ 54.4%
Vs. BTC
↘ 57.98%
Vs. ETH
↘ 35.17%
About PancakeSwap
FAQ
PancakeSwap is a decentralized platform built on the BNB Chain that allows users to trade tokens without the need for a centralized exchange. It offers a variety of products, including an exchange for token swapping, a yield farm for earning rewards, and Syrup pools for staking CAKE tokens. PancakeSwap also features Ethereum liquid staking, a prediction market, Initial Farm Offering (IFO) token launches, a bridge to Ethereum and Aptos, a lottery, and an NFT marketplace. The platform is maintained by an anonymous team of "Chefs" and has been audited by multiple reputable blockchain security firms.
PancakeSwap operates by allowing users to trade tokens directly from their wallets in a decentralized manner. It introduces several key features to improve capital efficiency, lower fees for traders, and increase earnings for liquidity providers. PancakeSwap V3, for instance, allows for capital concentration, enabling liquidity providers to focus their capital on specific price ranges. This aims to provide improved capital efficiency compared to V2, particularly for stablecoin pools. Traders also benefit from lower trading fees in V3, with four tiers of fees catering to the needs of different trading pairs based on expected volatility and trading activity. Additionally, PancakeSwap V3 implements a smart router to find the best trading route across V3, V2, and StableSwap pools.
PancakeSwap aims to provide a decentralized platform for token trading, yield farming, and staking. It also offers a prediction market, IFO token launches, a bridge to Ethereum and Aptos, a lottery, and an NFT marketplace. One of the innovative features of PancakeSwap is the Position Manager, which introduces auto-compounding of rewards, thus all fees and rewards earned by the liquidity position are automatically compounded back into the pool. This feature aims to increase a provider's position over time through the power of compounding. Furthermore, PancakeSwap has introduced a compensation program, distributing a portion of transaction fees weekly to CAKE stakers proportional to the amount and duration of their staked CAKE.
PancakeSwap was initially built on the BNB Chain and has since introduced a variety of products and features. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield and reduced token emissions. Over 102% of minted CAKE is burned weekly, aiming to provide a multi-year runway for emissions and encourage locking up CAKE. PancakeSwap has also been pursuing a multichain strategy, launching the decentralized exchange and the CAKE token on different layer-one and layer-two blockchains. Despite the bear market's impact on TVL and trading volume, PancakeSwap has an annualized revenue of $27 million, with 42% of CAKE staked.
We update our PancakeSwap to USD currency in real-time. Get the live price of PancakeSwap on Coinbase.
The current market cap of PancakeSwap is $682.81M. A high market cap implies that the asset is highly valued by the market.
The all-time high of PancakeSwap is $44.18. This all-time high is highest price paid for PancakeSwap since it was launched.
Over the last 24 hours, the trading volume of PancakeSwap is $109.83M.
Assets that have a similar market cap to PancakeSwap include Aave ENS V2, Frax Share, Jupiter, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of PancakeSwap is 297 million.
PancakeSwap Price History
Date | Price | Change |
|---|---|---|
Today (December 22, 2024) | $2.30 | -3.52% |
24 hours ago (December 21, 2024) | $2.38 | -4.01% |
1 week ago (December 15, 2024) | $3.32 | -30.82% |
1 month ago (November 22, 2024) | $1.97 | 16.72% |
1 year ago | $2.54 | -7.30% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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