All quotes are firm for their displayed duration and are inclusive of our fees and spread. Learn more about Uphold’s fees and spread.
Quotes are temporary and non-executable. You must sign in to your Uphold account to execute a quote and start trading. The current price display refers to the median retail transaction size up to 5,000 Euros. It's important to clarify that prices may vary for very small or very large orders. Update the pricing information to accurately reflect this variance.
Like most trading venues, our price charts display current mid-market rates. When you trade, you receive the current bid or ask price, depending on whether you are buying or selling. The difference between the mid-market rate and the bid or ask price is the spread, which is a normal feature of how exchange order books work.
Digital currencies are high risk. Do not invest money you cannot afford to lose. Please consider whether trading crypto is appropriate for your individual circumstances before investing.
About CAKE
Operating on the Binance Smart Chain (BSC), PancakeSwap is a decentralized exchange (DEX), and which functions, more specifically, as an automated market maker (AMM), according to Messari.
CAKE serves as PancakeSwap’s native currency. It’s a governance token granting holders the right to vote on future changes to the protocol, CoinGecko said.
CAKE, per Messari, is distributed to liquidity providers in exchange for staked LP tokens.
A hard fork of SushiSwap, PancakeSwap utilizes a nearly identical codebase but benefits from the enhanced speed, scale, and cost savings of the BSC (Messari).
As a DEX, PancakeSwap doesn’t use an order book for harvesting and routing trading flows; nor is it reliant on centralized market makers. Rather, users trade against a collection of deposits supplied by a global network of liquidity providers. The assets within “liquidity pools” of deposits are priced via PancakeSwap’s AMM.
As of early April 2022, according to DeFiLlama, PancakeSwap had a Total Value Locked (TVL) just north of $5 billion, making it the 10th-largest DeFi project based on TVL. Note, PancakeSwap’s TVL is $1.3 billion more than its next of kin, SushiSwap, the 12th-largest DeFi project.
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