$CAKE CAKE is the native cryptocurrency of the PancakeSwap decentralized exchange (DEX) on the Binance Smart Chain (BSC). CAKE is used for:

- Yield farming and staking

- Liquidity provision

- Governance and voting

- Payment for transaction fees

CAKE has gained popularity due to PancakeSwap's growing user base and the token's high yields and rewards. However, as with any cryptocurrency, CAKE's price can be volatile, and investors should exercise caution.