$CAKE Cake coin, the native token of Pancake Swap, a decentralized exchange (Dex) on Binance Smart Chain, has attracted significant attention. Primarily used for staking and yield farming, CAKE holders can earn rewards through various pools. Its deflationary mechanisms, including token burning, are aimed at increasing its value over time. Besides governance, CAKE stimulates the Pancake Swap lottery and the NFT market. Its price volatility, characteristic of cryptocurrencies, reflects market sentiment and platform usage.