If you're looking to swap PancakeSwap, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is PancakeSwap or some fresh information about cake’s price movements. And, of course, we provide you with the multiple PancakeSwap exchange options so that you can choose the offer with the best rates and lowest PancakeSwap fees, as well as other parameters that suit you.
PancakeSwap Price Stats
PancakeSwap Price Chart
Here you can see the current price of PancakeSwap, as well as PancakeSwap price history.
What is PancakeSwap?
PancakeSwap is a popular decentralized open-source platform for crypto trading with the biggest ever number of users, that have entrusted it with over $12 billion in funds. The platform allows trading any assets on Binance Smart Chain right after connecting the wallet. It was launched in September 2020 by the anonymous team. In less than a year it became the dominant DEX on Binance Smart Chain.
PancakeSwap is also an automated market maker and a decentralized finance application providing liquidity via farming and earning fees in return. As an automated market maker PancakeSwap doesn’t have order books, bid system, limit, and market orders. Users trade against the liquidity pool. The users deposit their funds, thus filling the liquidity pool and receiving the liquidity provider tokens as a reward. On the farm, users can deposit LP tokens and receive rewards in CAKE.
The platform offers a wide variety of features and can be considered a complete DeFi ecosystem. It can be accessed through one of the supported Web3 wallets, for example, Wallet Connect or TrustWallet.
PancakeSwap is funded by the Treasury wallet, where 15% of all the generated fees is allocated. According to the official documents, the funds can be used for any purposes related to the project development and the maintenance of the platform.
The platform is powered by the native utility token — CAKE. It is a BEP-20 token and was initially launched on Binance Smart Chain. CAKE is used across the ecosystem for yield farming, staking, platform governance through its own governance portal, and participation in the PancakeSwap lottery.
The supply of CAKE tokens is not hard-capped and theoretically is unlimited. The team plans to burn the tokens regularly to make deflation higher than emission. The coin is avialable on the major centralized and decentralized exchanges.
A Simple Way To Exchange PancakeSwap Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.