PancakeSwap
| PancakeSwap | |
|---|---|
| File:PancakeSwap logo.png | |
| File:Pancakeswap-screenshot.PNG PancakeSwap's web application interface | |
| Repository | github |
| Written in | Solidity |
| Engine | |
| Platform | Binance Smart Chain Ethereum |
| Type | Decentralized exchange |
| License | GNU General Public License v3.0 |
| Website | pancakeswap |
PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains.[1] It is administered by Binance.[2]
As of 2024, it is one of the major DEX on Binance Smart Chain and has more than $2.3B in total value locked.[3][4]
History
[edit | edit source]PancakeSwap was founded in 2020 by anonymous developers. Its domain was registered in Shanghai, China.[2] According to former Binance employees, it was created by Binance staff as an extension of its centralized exchange.[5]
In June 2025, PancakeSwap formed a joint initiative with World Liberty Financial, a decentralized finance protocol founded by Trump family, to promote its stablecoin, USD1.[2] Hundreds of patriotic-sounding memecoins, such as Torch of Liberty and Eagles Landing, were created by users of Chinese origin to promote USD1.[2] PancakeSwap also started a "Liquidity Drive" program, offering prizes of up to $1 million to increase trading of USD1 on its platform.[2]
Protocol
[edit | edit source]PancakeSwap is a decentralized finance protocol that is used to exchange cryptocurrencies and tokens; it is provided on blockchain networks that run open-source software. It uses an automated market maker (AMM) model for trading BEP-20 tokens.[3][6]
The native token of protocol is CAKE which is used for governance and to incentivize liquidity provision.[3] CAKE token holders can participate in governance by voting on proposals that influence the platform's development.[3][7]
See also
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References
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