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.

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Coin’s Details

  • Market Capitalization

    $554.85 M

  • Fully diluted valuation

    $914.42 M

  • Volume 24H

    $75.20 M

  • Circulating supply

    234 665 774

  • Total supply

    750 000 000

  • Circ. percent

    60.7%

  • All-time high

    $43.96 (-94.5%)

  • All-time high date

    Apr 30th, 2021

  • All-time low

    $0.1944 (1 141%)

  • All-time low date

    Nov 3rd, 2020

  • First announced

    Sep 1st, 2020

PancakeSwap News
BinaryX launches City Building Game Pancake Mayor on PancakeSwap’s New Marketplace
By November 15th, 2023
Press Release

BinaryX launches City Building Game Pancake Mayor on PancakeSwap’s New Marketplace

By November 15th, 2023

BinaryX, a GameFi and Initial Game Offering (IGO) platform, today announced the launch of Pancake Mayor, a new city-building simulator on the newly launched PancakeSwap Gaming Marketplace. Pancake Mayor: City Building Simulator Pancake Mayor is a free-to-play casual city-building game where players can obtain in-game currency, Mayor Cash, to upgrade and build their own cities, […]