$CAKE

Crypto $CAKE: PancakeSwap’s Native Token

CAKE is the native token of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). Here are some key points about CAKE:

What is CAKE?

• Utility Token: CAKE incentivizes liquidity provision on PancakeSwap, a peer-to-peer supported DEX.

• BEP-20 Token: Compatible with other Binance-based cryptocurrencies.

Recent Performance:

• Price Surge: CAKE recently surged by 37% in 24 hours and 57% over the past week, reaching $2.49.

• Market Position: PancakeSwap leads in DEX trading volume, handling $647 million in a day.

How to Use CAKE:

• Liquidity Provision: Users can earn CAKE by providing liquidity to PancakeSwap pools.

• Yield Farming: Stake LP tokens to earn CAKE rewards.

CAKE can be traded on various exchanges, including Binance