PancakeSwap Research Hub | CAKE information, history and analysis
PancakeSwap is essentially a decentralized exchange (DEX) that allows users to exchange BEP20 tokens (the latest token standard from Binance Smart Chain), stake tokens to receive rewards, and participate in voting that governs decisions on the system based on the amount of tokens they hold.
Currently, PancakeSwap is one of the most prominent decentralized exchanges on the Binance Smart Chain (BSC) network. According to data from CoinmarketCap on Yield Farming platforms, PancakeSwap is at the top in terms of total value locked on the platform (Total Value Locked). In addition, according to statistics from the website DappRadar, PancakeSwap is currently one of the leading applications in terms of volume and number of users on the BSC network.
CAKE is the internal token of the DEX PancakeSwap exchange. This is a token developed using the BEP20 standard of Binance Smart Chain to operate.
PancakeSwap (CAKE) reported an 11% decrease from its local high, signaling a possible additional 7% drop. Despite this, trading indicators show a resilient bullish market, with strong trading volume confirming a potential rebound.
The critical support levels to monitor are at 2.22 USD and 2.15 USD. A strong response at these levels could indicate profitability for bulls aiming for upward momentum in CAKE’s upcoming performance.
In the latest metrics, Pancakeswap recorded 1.41 billion USD in transaction volume within 24 hours, significantly exceeding Uniswap’s 674.38 million USD. The continuous growth reflects Pancakeswap’s strength in the decentralized exchange landscape.
Throughout February and March 2025, trading volumes have shifted; Pancakeswap led in February, but Uniswap showed resilience in March. This fluctuation illustrates the ever-changing dynamics of decentralized finance and market conditions.
The competition between Pancakeswap and Uniswap as DEX platforms emphasizes the evolving nature of the crypto market. Bitcoin’s price remains crucial, currently at 84,160 USD, adding to the discussions within the decentralized finance sphere.
PancakeSwap’s CAKE token recovered significantly, increasing 81% in the last ten days. With 25 million CAKE tokens valued at approximately 69 million USD acquired by whales, open interest surged 326%, reflecting strong trader confidence and bullish sentiment.
Currently priced at approximately 2.67 USD, CAKE faces a critical resistance level at 2.85 USD. A breakout above this could lead to prices nearing 3.00 USD. Conversely, failing to breach this level may cause a pullback toward 2.30 USD.
CAKE trading volume is $158.58m. Market capitalization reaches $756.77m.
CAKE rallied 34% after hitting the low of 1.38 USD, supported by Bitcoin’s 9.3% increase. The 1.5 USD support is crucial to maintain bullish sentiment, with potential price targets of 2.16 USD and 2.94 USD in sight.
Key indicators reflect increasing buying volume, but further demand is necessary to solidify gains. A bullish shift might occur if the RSI rises above the neutral mark, signaling traders to consider retesting buying zones.
CAKE’s recent price surge correlates with Binance’s 2 billion USD investment in Abu Dhabi’s MGX. With Pancakeswap ranking second in DEX trading volume, the surge signifies market activity despite the broader downturn.
Currently, CAKE is trading at 1.85 USD, experiencing a substantial trading volume increase of 170%. However, it remains over 30% below its previous month’s price due to recent market challenges.
CAKE experienced a remarkable 46% increase over the past week, indicating a shift away from the early 2025 downtrend. Even as Bitcoin’s value decreased by 1.48%, CAKE showed resilience in the market.
On February 13, PancakeSwap’s transaction volume surged to 6.34 billion USD. The rise in trading activity reflects heightened interest from investors and traders, underscoring a positive reception for CAKE.
Fibonacci retracement levels suggest that CAKE’s previous downtrend has been largely recovered, with upcoming price targets at 3.35 USD and 4.05 USD. Notably, price support is strong between 2.16 USD and 2.47 USD.
CAKE trading volume is $111.69m. Market capitalization reaches $846.68m.
A surge in whale activity has been observed in several altcoins. Tron (TRX) experienced a 160% increase in netflow among large holders, while Ethereum (ETH) saw the acquisition of over 250,000 coins worth more than 675 million USD. Additionally, PancakeSwap (CAKE) has more than doubled in value, trending strongly above 3 USD.
CAKE trading volume is $319.47m. Market capitalization reaches $853.36m.