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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| CAKE | -26.55% | +289.3% | +31.24% | +80% |
| S&P | +16.49% | +84.25% | +12.99% | +104% |
PancakeSwap is a decentralized exchange that allows for trustless trading of cryptocurrencies and tokenized assets on the Binance Smart Chain. It was created by a team of anonymous developers and is maintained by a decentralized community. PancakeSwap can be used with an Ethereum-compatible wallet and is known for its low fees and fast transaction speeds. To use PancakeSwap, one must connect their wallet, add Binance Coin or another supported cryptocurrency, purchase CAKE, PancakeSwap's native token, and then use CAKE to trade.
Investors don't like the idea that lower yields could be the new norm for decentralized exchanges.
The cryptocurrency just launched a major update, and investors don't seem to like it.
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