$CAKE is the native token of PancakeSwap, a leading decentralized exchange (DEX) built on the BNB Smart Chain (BSC). It allows users to trade, provide liquidity, stake, and participate in governance.

Key Features of $CAKE

✔ Decentralized Trading: Enables swapping of BEP-20 tokens on BNB Chain.

✔ Staking & Yield Farming: Earn rewards by staking CAKE in Syrup Pools or providing liquidity.

✔ Lottery & NFTs: Users can participate in lotteries and earn exclusive NFTs.

✔ Deflationary Mechanism: Regular token burns help maintain scarcity and value.

$CAKE Price & Market Performance

As of March 18, 2025, at 1:35 PM IST, PancakeSwap's native token, $CAKE, is trading at approximately $2.59 USD.

Recent Performance:

24-Hour Trading Volume: Approximately $600 million USD.

Market Capitalization: Around $757.63 million USD, with a circulating supply of 292,732,860 CAKE tokens.

Recent Price Movement: The price has experienced a slight increase of 0.21% over the past 24 hours.

All-Time High:

$CAKE reached an all-time high of $44.18 USD in April 2021.

Key Considerations:

Market Volatility: The cryptocurrency market is known for its rapid price fluctuations.

Platform Developments: PancakeSwap continues to innovate, introducing features like active liquidity farming and a VIP trading rewards program.

Deflationary Measures: Regular token burns are conducted to reduce supply and potentially increase value.