1H
0.42%$0.0093
24H
0.84%$0.0185
7D
-18.5%$0.5039
30D
-32.8%$1.08
PancakeSwap’s CAKE token has surged nearly 50% this month following the launch of CAKE.PAD, a new token-access platform that permanently burns CAKE fees.
PancakeSwap price surged 30% past $3.0, fueled by a 908% spike in daily trading volume to $663M and record Q3 growth.
PancakeSwap has expanded its prediction market on BNB Chain, now allowing users to bet on Bitcoin and Ethereum price movements in fast-paced 5-minute rounds.
PancakeSwap (CAKE) has experienced a remarkable surge of over 100% in the past week, riding on the broader recovery of the BNB ecosystem.
PancakeSwap has now burnt a total of 8.9 million CAKE as it looks to enhance ecosystem valuation.
PancakeSwap is an automated market maker (AMM) – a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.
With futures trading playing an essential role in making good yields over the exchange of assets, it is essential to understand all that it entails. Here’s a guide to help learn about futures trading, their uses in hedging and speculation, as well as the risks involved.
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