PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain that enables users to trade tokens without relying on a centralized intermediary. The platform offers a wide range of DeFi products, including token swapping, yield farming, and Syrup Pools for staking its native token, CAKE. Additional features include Ethereum liquid staking, a prediction market, Initial Farm Offering (IFO) token launches, cross-chain bridges to Ethereum and Aptos, a lottery, and an NFT marketplace. PancakeSwap is maintained by an anonymous team known as "Chefs" and has undergone multiple audits from reputable blockchain security firms to ensure platform integrity.

PancakeSwap allows users to trade tokens directly from their wallets in a decentralized manner, utilizing smart contracts to facilitate transactions. The platform introduced PancakeSwap V3, which enhances capital efficiency by allowing liquidity providers to concentrate their assets within specific price ranges. This targeted liquidity provision increases efficiency, especially in stablecoin pools, while offering traders lower fees across four fee tiers based on volatility and trading activity. PancakeSwap V3 also features a smart router that automatically finds the best trading routes across V3, V2, and StableSwap pools, optimizing trade execution for users.

PancakeSwap serves as a comprehensive DeFi platform offering token trading, yield farming, and staking opportunities. Its prediction market, IFO token launches, cross-chain bridges, and NFT marketplace expand its utility beyond traditional DEX functions. The Position Manager feature enables auto-compounding of rewards, automatically reinvesting fees and earnings back into liquidity pools to maximize returns over time. Additionally, PancakeSwap offers a compensation program where CAKE stakers receive a share of transaction fees, distributed weekly based on the amount and duration of staked CAKE. This diverse ecosystem caters to traders, liquidity providers, and NFT enthusiasts alike.

PancakeSwap was launched on the BNB Chain and has continuously evolved, adding new features and expanding its ecosystem. In April 2023, the platform transitioned to a deflationary token model called "Ultrasound CAKE" following the approval of CAKE Tokenomics v2.5. This new model combines real yield with reduced token emissions, burning over 102% of minted CAKE weekly to extend the token's emission lifespan and incentivize long-term staking. PancakeSwap has also adopted a multichain strategy, deploying its exchange and CAKE token across various layer-one and layer-two blockchains. Despite market fluctuations, PancakeSwap remains a leading DEX, generating an annualized revenue of $27 million, with 42% of CAKE tokens staked.

We update our PancakeSwap to INR currency in real-time. Get the live price of PancakeSwap on Coinbase.

The current market cap of PancakeSwap is ₹61.76B. A high market cap implies that the asset is highly valued by the market.

The all-time high of PancakeSwap is ₹3,824.08. This all-time high is highest price paid for PancakeSwap since it was launched.

Over the last 24 hours, the trading volume of PancakeSwap is ₹6.32B.

Assets that have a similar market cap to PancakeSwap include FLOKI, Zcash, Aerodrome Finance, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of PancakeSwap is 321 million.

PancakeSwap ranks 329 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, PancakeSwap is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy PancakeSwap guide.