PancakeSwap is the leading decentralized exchange (DEX) on BNB Chain and one of the most-used DEXs in all of crypto. At its core it is an automated market maker, meaning users trade against shared liquidity pools rather than a traditional order book, and anyone can supply liquidity to earn a share of trading fees. Beyond simple swaps it has expanded into yield farming, staking, perpetual-futures trading, prediction markets and more, making it a full DeFi hub rather than just a swap app.
CAKE is its native token, used for governance, staking and as the incentive that rewards liquidity providers and farmers. PancakeSwap has worked to manage CAKE's supply over time with mechanisms aimed at making it less inflationary, and it has expanded to multiple chains beyond BNB. Its low fees and large user base have kept it consistently among the highest-volume DEXs.
For newcomers, think of PancakeSwap as BNB Chain's central marketplace for swapping tokens and earning yield, with CAKE as the token that powers and governs it.
Endorse the projects you back. Distrust the ones you don’t. Only Collective Members see counts.
Endorse the projects you trust, distrust the ones you don't. Vote tallies and trust bars are a Collective Member privilege.
Join the CollectiveCollective Members rate every project across six rating criteria. Join the Collective to add your signal.
Full criteria breakdown, radar chart, and community ratings are a Collective Member privilege.
Join the CollectiveLog in required to rate this project.
Live on-chain checks. Risk Score is 0–100 — lower is safer.
Submitting and viewing community reports is a Collective Member privilege — it keeps signal high and stops bad-actor brigading.
Join the CollectiveDisclaimer: The information on this platform is for informational purposes only and does not constitute financial, investment, or trading advice. Always do your own research (DYOR) before making any investment decisions. Cryptocurrency investments carry significant risk of loss.
