$CAKE PancakeSwap's native token, CAKE, is integral to the platform's decentralized exchange (DEX) operations on the Binance Smart Chain (BSC). As of today, CAKE is trading at approximately $2.68, with a 24-hour trading volume exceeding $839 million. The token has experienced a notable 50% rally recently, attributed to increased DEX activity and a resurgence in meme coin trading on BSC. PancakeSwap's multichain strategy and user-friendly features have bolstered its position in the DeFi space, offering services like token swaps, yield farming, and staking. The platform's dominance in trading volume underscores its significance in the cryptocurrency ecosystem.