$CAKE PancakeSwap's native token, CAKE, has experienced a remarkable surge in value today. Over the past 24 hours, CAKE's price has increased by 37%, reaching $2.49, and has seen a 57% rise over the past week.

This surge aligns with a broader upward trend in the cryptocurrency market, with altcoins like CAKE leading the gains.

PancakeSwap's total value locked (TVL) has also seen significant growth, signaling a potential revival of the bull market.

These developments highlight PancakeSwap's growing prominence in the decentralized finance (DeFi) space and its expanding user base.