$CAKE

$CAKE is the native cryptocurrency of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). Launched in 2020, PancakeSwap allows users to trade cryptocurrencies, provide liquidity, and earn rewards through yield farming and staking cake is used for governance, allowing holders to vote on platform proposals, and for paying transaction fees. Users can also stake cake to earn additional tokens or participate in lotteries and NFT collections. Known for its low fees and high-speed transactions, PancakeSwap has become one of the most popular DEXs, with $CAKE playing a central role in its ecosystem. #defi