PancakeSwap

CAKE Launched 2020 source

What this page is: neutral, sourced facts about PancakeSwap. Every line links where it was checked. 8 facts, 0 from primary sources. Educational, not financial advice.

Live chart

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PancakeSwap chart

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Founders and creators

PancakeSwap was founded in 2020 by anonymous developers. secondary source source

Origin story

PancakeSwap was founded in 2020 by anonymous developers. secondary source source

Stated purpose

Automated market maker on Binance Smart Chain. secondary source source

Consensus mechanism

CAKE is not its own chain: PancakeSwap was originally built on the BNB Chain. secondary source source

Supply model

In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE". secondary source source

Main uses today

It uses an automated market maker (AMM) model for trading BEP-20 tokens; CAKE is used for governance and to incentivize liquidity provision. secondary source source

Key milestones

PancakeSwap v3 launched at the start of Q2 (April 2023). secondary source source

Notable events and controversies

In April 2023, PancakeSwap voted to transition to a deflationary token model called 'Ultrasound CAKE' through the CAKE Tokenomics v2.5 proposal. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

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