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PancakeSwap Token Price

(CAKE)

TRY(₺)

Note: This cryptocurrency has not yet been officially listed on KuCoin TR.

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PancakeSwap Token (CAKE) Live Price Chart

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    Note: This data is for reference only.
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    CAKE(CAKE) Profile

    altRank77
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    ATH
    ₺2,123.39
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    321,211,433
    Max Supply
    400,000,000

    About PancakeSwap Token

    • 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:

      Trade

      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.

      Earn

      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).

      Win

      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.

    FAQ

    Is PancakeSwap (CAKE) a Good Investment?

    Investing in PancakeSwap (CAKE) offers several potential advantages, particularly for those interested in the decentralized finance (DeFi) space and the broader crypto ecosystem.

    1. High Yield Opportunities: PancakeSwap offers various yield farming and staking options that allow investors to earn rewards on their CAKE tokens and other cryptocurrencies. These rewards can be significantly higher than traditional banking or investment products, albeit with higher risk.

    2. Low Transaction Fees: Because PancakeSwap operates on the BNB Chain, it benefits from lower transaction fees than platforms running on Ethereum. This makes it more cost-effective for users to conduct transactions, stake, farm, or trade on PancakeSwap.

    3. Fast Transactions: The BNB Chain also offers faster transaction speeds, which is advantageous for DeFi operations, allowing users to quickly execute trades, stake, or move assets around without the wait times associated with more congested networks.

    4. Diverse Ecosystem: PancakeSwap has a broad and diverse ecosystem that includes swapping, liquidity pools, yield farming, staking, lotteries, NFTs, and more. This variety offers multiple avenues for investment and engagement within the platform.

    5. Community Governance: CAKE holders have a say in the platform's governance, allowing them to vote on proposals and influence the direction and development of PancakeSwap. This level of involvement can be attractive to investors who wish to have a say in the projects they invest in.

    6. Deflationary Mechanisms: PancakeSwap has implemented token burn mechanisms to reduce the supply of CAKE over time, potentially increasing its value if demand remains stable or grows. This deflationary approach can be beneficial for long-term holders.

    7. Innovative Features: PancakeSwap frequently updates its platform with innovative features to stay competitive in the rapidly evolving DeFi space. Investors in the ecosystem may benefit from these innovations as they attract more users and increase the platform's value.

    8. Accessibility and User-Friendliness: The platform is known for its ease of use and accessibility, making it an attractive option for both new and experienced users in the DeFi space.

    What Is PancakeSwap Price Prediction?

    Although we cannot offer a reliable CAKE crypto price prediction over any duration, monitoring the following factors could help you better understand the price changes in the PancakeSwap cryptocurrency:

    1. Supply and Demand Dynamics

    > Liquidity Mining and Farming Rewards: PancakeSwap incentivizes users to provide liquidity through farming, which rewards them with CAKE tokens. Changes in these rewards can affect the supply side.

    > Token Burns: Regular burning events decrease the total supply of CAKE, potentially increasing its value if demand remains constant or increases.

    2. Adoption and Ecosystem Growth

    > New Projects and Partnerships: The integration of new projects on the PancakeSwap platform can drive up demand for CAKE by increasing its utility, supporting the PancakeSwap price.

    > User Base Growth: An increase in the platform's user base generally leads to higher demand for CAKE tokens, especially for governance and transaction fees.

    3. DeFi and Crypto Market Trends

    > Overall Market Sentiment: Bullish or bearish trends in the broader cryptocurrency market can significantly affect the $CAKE price.

    > Innovations in DeFi: As PancakeSwap operates within the DeFi space, innovations and trends within this sector can impact its attractiveness and, consequently, the demand for CAKE.

    4. Technical Developments and Updates

    > Platform Upgrades and Features: Enhancements to PancakeSwap's features or the launch of new services can increase the token's utility, driving up demand and supporting the CAKE to USD price.

    > Security and Performance Issues: Conversely, security breaches or performance issues can lead to a loss of trust and a decrease in the CAKE token price.

    5. Competitive Landscape

    > Position Among Decentralized Exchanges (DEXs): The CAKE crypto price is partly determined by PancakeSwap's position and competitiveness among other DEXs. Innovations, user experience improvements, and market share gains can positively affect the PancakeSwap token price.

    6. Speculation and Media Coverage

    > Market Speculation: Short-term price movements are often driven by speculative trading based on news, rumors, or market sentiment.

    > Media Coverage and Public Perception: How PancakeSwap and its token are portrayed in the media can influence public perception and, by extension, the CAKE coin price.

    How to Earn on PancakeSwap DEX

    Earning on PancakeSwap, a DeFi platform built on the BNB Chain, can be done through various methods, each offering different potential rewards and involving different levels of risk. Here's a comprehensive overview:

    1. Yield Farming

    Yield farming on PancakeSwap involves staking liquidity provider (LP) tokens to earn CAKE, the platform's native token. Here's how it works:

    > Provide Liquidity: First, provide liquidity to a liquidity pool by depositing an equivalent value of two tokens (e.g., BNB and CAKE). In return, you'll receive LP tokens.

    > Stake LP Tokens: Next, stake these LP tokens in a farm on PancakeSwap. Over time, you'll earn CAKE tokens as rewards.

    > Risks: Yield farming involves risks such as impermanent loss, where the value of your staked tokens decreases compared to holding them without staking. There's also the risk of smart contract vulnerabilities.

    2. Staking in Syrup Pools

    Syrup Pools allow you to stake CAKE to earn more CAKE or other tokens. It's generally simpler and carries slightly different risks compared to yield farming:

    > Stake CAKE: Directly stake CAKE tokens in a Syrup Pool.

    > Earn Rewards: Accumulate rewards over time, which can be harvested periodically.

    > Risks: The main risk is the fluctuating value of CAKE and the rewards tokens. There's less risk of impermanent loss here, but smart contract risk still exists.

    3. Lottery

    PancakeSwap's lottery allows you to potentially earn rewards by purchasing lottery tickets with CAKE tokens:

    > Buy Lottery Tickets: Each ticket costs a fixed amount of CAKE and has a unique combination of numbers.

    > Winning Tickets: If your ticket's numbers match the drawn numbers in the right order, you win a portion of the lottery pool.

    > Risks: The lottery is a game of chance, and there's a high likelihood of not winning. It's more akin to gambling than investment.

    4. Trading Competitions and Prediction Markets

    Occasionally, PancakeSwap hosts trading competitions or prediction markets, where you can earn rewards by accurately predicting market movements or being among the top traders for certain pairs:

    > Participate in Competitions: Follow PancakeSwap's announcements for any ongoing competitions.

    > Prediction Market: Bet on whether the price of BNB will go up or down in a short time frame.

    > Risks: These activities involve a high level of market risk and require a good understanding of market trends.

    5. Initial Farm Offerings (IFOs)

    IFOs are a way to get early access to new tokens launched on PancakeSwap:

    > Buy Access: Use CAKE-BNB LP tokens to buy into new projects at their launch.

    > Risks: Like any investment in new projects, IFOs carry the risk of the project not performing well. There's also the loss of liquidity and potential impermanent loss to consider.

    Considerations for Earning on PancakeSwap

    > Do Your Research: Understand each method's mechanics and risks. Not every earning opportunity will be suitable for every investor.

    > Monitor Your Investments: DeFi markets can be volatile. Regularly check your investments and adjust your strategies as needed.

    > Security Practices: Use a hardware wallet for added security if you invest significant amounts. Be wary of scams and only use official PancakeSwap interfaces.

    Earning on PancakeSwap can be lucrative, but it's essential to approach it with a clear understanding of the risks and rewards. Diversifying your strategies and staying informed about DeFi developments can help maximize your earnings while managing risk.

    What is the all-time high price of PancakeSwap Token (CAKE)?

    The all-time high price of PancakeSwap Token (CAKE) is ₺2,123.39. The current price of CAKE is down -- from its all-time high.

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

    As of 8 22, 2026, there is currently 321,211,433 CAKE in circulation. CAKE has a maximum supply of 400,000,000.

    How do I store PancakeSwap Token (CAKE)?

    You can store your PancakeSwap Token in the custodial wallet of a cryptocurrency 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), a hardware wallet, a third-party crypto custody service, or a paper wallet.