#BSCProjectSpotlight Research suggests PancakeSwap is a leading decentralized exchange (DEX) on the BNB Smart Chain (BSC), known for low fees and fast transactions.

It seems likely that PancakeSwap, launched in September 2020, has grown significantly, with a total value locked (TVL) reaching over $10 billion at its peak in 2021.

The evidence leans toward PancakeSwap offering features like token swapping, liquidity pools, andstaking its native CAKE token for rewards, with recent updates like V3 improving efficiency.