PancakeSwap V2 Exchange Overview
PancakeSwap V2 is a decentralized exchange (DEX) ranking #204 on BitDegree Exchange Tracker. Key metrics include:
- 24-hour trading volume: $31,372,061
- 7-day trading volume: $103,702,167,320
- Supported assets: 1,401 cryptocurrencies
- Markets: 1,883 trading pairs
Core Features
- Decentralized Trading: Peer-to-peer swaps via user wallets.
- Perpetual Futures: Trade with up to 200x leverage (lite/advanced modes).
- Low Fees: Fixed 0.25% trading fee (0.17% reinvested in liquidity pools).
- Native Token: CAKE for fees, staking, and governance.
Built on Binance Smart Chain (BSC), PancakeSwap V2 supports BEP-20 tokens and offers 3,900+ trading pairs. The platform is geo-blocked in certain regions (e.g., Belarus, Syria, Cuba).
Services & Earning Opportunities
1. Syrup Pools & Yield Farms
- Stake CAKE or LP tokens to earn passive income.
- Rewards vary by staking duration and pool performance.
2. Liquidity Provision
- Become a liquidity provider to earn fees from trades.
- Deposit tokens into pools to receive LP tokens.
3. Gamified Finance (Game-Fi)
- Participate in lotteries, prediction markets, and competitions.
- Win tokens based on BNB price predictions or other challenges.
4. NFT Marketplace
- Mint, buy, and trade BEP-721 NFTs.
- Platform fees fund weekly CAKE token burns.
Company Background
- Launched: September 2020 by the anonymous Kitchen Team.
- Headquarters: Fukuoka, Japan.
- Mission: Compete with Uniswap via BSC’s low-cost, high-speed infrastructure.
PancakeSwap V2 Upgrade (April 2021)
- Migrated to upgraded smart contracts.
- Dominates BSC with $7–8 billion daily volume (early 2022 data).
- Operates as a DAO—governed by CAKE holders’ votes.
FAQ
1. What is PancakeSwap V2’s trading fee?
- 0.25% per trade, with 0.17% allocated to liquidity pools.
2. How does staking work on PancakeSwap?
- Stake CAKE in Syrup Pools or LP tokens in Yield Farms to earn rewards.
3. Can I trade NFTs on PancakeSwap?
- Yes! The NFT marketplace supports BEP-721 tokens.
4. Why choose PancakeSwap over centralized exchanges?
- No custody risk—trades occur directly between wallets.
5. What is CAKE’s max supply?
- Capped at 750 million tokens after a May 2022 community vote.
Data and rankings are subject to change. Always verify metrics via trusted sources.