Launched on the Binance Smart Chain (BSC) in 2020, provides a decentralized exchange (DEX) and automated market maker (AMM) experience. PancakeSwap aims to offer users lower transaction fees compared to other platforms.

PancakeSwap operates as a decentralized exchange on the Binance Smart Chain, enabling users to trade BEP-20 tokens directly from their wallets.

Users can provide liquidity to PancakeSwap's pools and earn a share of the trading fees generated by the platform.

CAKE is the native governance and utility token of PancakeSwap, allowing holders to participate in platform decisions and enjoy various benefits.

PancakeSwap's DEX services are integrated with decentralized applications (DApps) on the Binance Smart Chain, facilitating token trading and liquidity provision.

PancakeSwap's development is focused on optimizing the decentralized exchange platform. Ongoing efforts include enhancing user experience, introducing new features, and exploring ways to increase scalability and efficiency.