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CAKE is the native token of PancakeSwap, a leading decentralized exchange (DEX) on Binance Smart Chain. PancakeSwap has become the largest liquidity hub on BSC, with impressive trading volume (according to data from sources, it was the second largest DEX in the world by trading volume at the time of 2020-2021). CAKE plays a core role in supporting activities such as liquidity providing, staking, and governance. This makes CAKE an important utility token, attracting DeFi users due to lower transaction costs compared to Ethereum.

One of the most notable features of CAKE is the low transaction costs on BSC, usually around 1 cent (according to information from sources). Compared to Ethereum, where gas fees can reach tens of USD, CAKE and PancakeSwap are attractive options for DeFi users, especially small investors looking to participate in farming, staking, or swapping tokens without incurring high costs.