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What Is PancakeSwap?
- A token swap exchange
- Yield farming for earning rewards
- Syrup pools for staking CAKE tokens
- Ethereum liquid staking (wBETH) and simple staking
- Pancake Protectors, a blockchain-based game
- A v3 position manager
- A prediction market
- Initial Farm Offerings (IFOs) for new token launches
- A bridge to transfer CAKE between Ethereum and Aptos
- A lottery system
- An NFT marketplace
PancakeSwap frequently introduces new features and updates. The platform adopted a deflationary token model called "Ultrasound CAKE" through a governance vote, implementing CAKE Tokenomics v2.5. This model combines real yield (without affecting supply) with reduced token emissions. More than 102% of newly minted CAKE is burned weekly, aiming to sustain long-term token value and encourage locking CAKE in staking.
The project is developed by an anonymous team referred to as "Chefs" working in the "PancakeSwap Kitchen." The platform is open-source and has undergone security audits by firms such as Peckshield and Slowmist.
Despite market fluctuations affecting its total value locked (TVL) and trading volume, PancakeSwap maintains an annualized revenue of $27 million, with 42% of CAKE currently staked.
What Is PancakeSwap V3?
Ultrasound CAKE Tokenomics
PancakeSwap’s Multichain Expansion
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PancakeSwap Price Live Data
PancakeSwap (CAKE) is a top-ranked digital asset, playing a significant role in the evolving blockchain landscape. The current market valuation places PancakeSwap at $2.18 per token, reflecting a 2.95% slight decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the CAKE ecosystem. Investor engagement with PancakeSwap remains neutral, with $55,958,117.233 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights CAKE's neutral interest and utility within the broader cryptocurrency landscape For comprehensive details regarding PancakeSwap's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://pancakeswap.finance/.
