2023-11-08
PancakeSwap is the largest DeFi
platform and the largest decentralized exchange on BNB Chain.
CAKE tokens 7 days price increased 74%.
Bitcoin price is at $35,390. CAKE price has begun to rebound after Bitcoin
price can break through and stay above $35k.
CAKE one month price chart.
Total value locked on PancakeSwap has
increased a little. On October 11, 2023, it has $1.304 billion in TVL. On Novmber
8, 2023 its TVL increased to $1.471 billion.
PancakeSwap now live on BNB Chain layer 2 opBNB and Base.
PancakeSwap recently introduced 3 new features
on its platform.
1. USDⓈ-MCAKE Cake Perpetual Contract on Binance exchange, with up to
50x leverage.
2. Position manager that let liquidity providers manage price intervals more efficiently.
3. Perpetual futures that let users
long or short cryptocurrencies.
PancakeSwap currently has the market
cap of $487 million and fully diluted market cap of $1.605 billion. 
