$CAKE #usdt CAKE is the native token of PancakeSwap, a decentralized exchange (DEX) based on Binance Smart Chain (BSC). Launched in 2020, CAKE allows users to participate in yield farming, staking, and governance within the platform. Its main objective is to incentivize liquidity in the DEX and reward liquidity providers.

One of its key features is its token burn system, which helps control inflation. Users can stake CAKE in the Syrup Pools to earn more tokens or exchange assets with low fees on the BSC.

PancakeSwap has established itself as one of the most popular DEXs due to its fast and economical transactions compared to Ethereum. However, competition with other DEXs and the volatility of the crypto market can affect its growth. Despite this, it continues to evolve with new features and partnerships.