$CAKE is the native token of PancakeSwap, a top decentralized exchange on BNB Chain. It’s used for staking, farming, governance, and earning rewards. With low fees and high-speed transactions, $CAKE powers DeFi activities like liquidity provision and lotteries. Holders can stake it to earn passive income or vote on platform upgrades. As a key part of the BNB Chain ecosystem, $CAKE fuels DeFi innovation and community growth.