#BSCTrendingCoins CAKE is the native token of PancakeSwap, a leading decentralized exchange (DEX) on the Binance Smart Chain. PancakeSwap has become the largest liquidity hub on BSC, with impressive trading volume (according to data from various sources, it is the second largest DEX in the world by trading volume as 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.