PancakeSwap (CAKE) BSC Protocol Dapp DeFi

PancakeSwap (CAKE) BSC Protocol
Dapp DeFi

PancakeSwap is an Automated Market Maker. The platform is based on the Binance Smart Chain. It's the most popular and well-known AMM on BSC. On it, you can trade different types of tokens. The process is fast, and the transaction fees are rather low, too.

PancakeSwap Social Profiles:

PancakeSwap Social Profiles:


Looking at the PancakeSwap token in the period of 30 days, it’s evident that the CAKE price, standing at $3.38, has decreased compared to the previous period. The Market Cap is $512.6M with a -33.18% change, which, in comparison, signals loss of the token’s general market value.

The Current TVL metric in the 7-day period shows that CAKE token has $2.9B stacked & locked in its smart contracts, with a 0.19% spike. Finally, PancakeSwap token’s CAP/TVL Ratio is showing increase with a 11.74% fluctuation, and it signals whether the token is going to be a rewarding long term asset or not.

All these metrics give you informative signals on how valuable the PancakeSwap & the CAKE token actually is, and how it performs in the current market.


PancakeSwap (CAKE) dApp Analysis

Get the most important PancakeSwap dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!

PancakeSwap DAPP Technical Analysis

PancakeSwap dApp is a crypto asset from the DeFi category built on the Binance Smart Chain protocol. Now it’s ranked as #1 in general dApp rankings according to the user count, and #1 in the DeFi category, which gives you a good idea of how PancakeSwap dApp performs among its competitors.

By analyzing PancakeSwap dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $87.5M, and the Volume is bearish with $1.7B. PancakeSwap has generated 20.5M Transactions with a -13.85% drop in the 30-day period. Clearly, the Volume has been plummeting by -28.05% in comparison to the previous 7-day period. The data of the last 7 days show that the PancakeSwap user base is 6.5M & has been decreasing by -8.3%.

We also recommend taking a look at the PancakeSwap Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.



PancakeSwap DAPP Development Event Analysis

Take a look at the PancakeSwap dApp development event graph below to evaluate the dApp’s longevity & amount of improvements made on PancakeSwap. Filter this chart by different time periods, see how development efforts fluctuate & get clear signals whether this dApp is worth your attention or not.

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FAQ

What sort of information can I get about PancakeSwap with the BDG Crypto Portfolio Tracker tool?

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to PancakeSwap, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you’ll learn that Binance Smart Chain-powered PancakeSwap is ranked as the #1 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.

How should I know if the PancakeSwap dApp is worth tracking?

The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how PancakeSwap compares with other dApps, as well. Depending if the results satisfy you or not, you’ll have a much better idea of whether or not PancakeSwap is worth tracking!

How has the PancakeSwap volume changed over time?

In the last 24 hours, PancakeSwap had a volume of $37.9M. This is a -4.11% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by -28.05%. Lastly, if you were to look at the 30-day period, the change is around -23.85%.

What is DeFi and how does it work?

DeFi stands for decentralized finance and is also known as the blockchain-powered form of finance. It doesn’t rely on any centralized banking institutions and uses smart contracts instead. Those smart contracts are usually based on the Ethereum blockchain. The most popular DeFi projects include Uniswap (UNI), PancakeSwap (BSC), ChainLink Token (LINK), Wrapped BTC (WBTC), Dai Stablecoin (DAI), and others. You can take a look at the top DeFis in our comprehensive DeFi directory.

What is a dApp?

DApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled with tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no one has control over the network and operate on their own. Also, dApps are transparent as data is kept public and smart contracts are open-sourced.

What are the main benefits of dApps?

The main benefit of dApps is that they’re completely free from the control of any single authority and operate by logic of smart-contracts. This means that no individual, no matter how powerful, cannot control the dApp after its smart contract was launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. DApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.