PancakeSwapCAKE price and how to buy on BNB Chain
BNB ChainThe token of PancakeSwap, the largest exchange on BNB Chain.
What CAKE is
CAKE is the token of PancakeSwap, the decentralised exchange that holds most of the trading liquidity on BNB Chain. PancakeSwap launched in 2020 on the same automated-market-maker design as Uniswap: traders swap against pools of tokens that anyone can supply, rather than against an order book. It has since spread to other networks, but BNB Chain remains its home.
CAKE is used to vote on the protocol, to earn rewards in PancakeSwap's farms and pools, and inside some of its other products. Part of the exchange's income has gone to buying CAKE back and burning it, and PancakeSwap's governance has changed the token's issuance and reward rules several times, generally towards issuing less.
Its price follows trading on BNB Chain more closely than almost anything else on this list. When volume on the chain rises, PancakeSwap earns more in fees and the case for CAKE strengthens with it; when the chain goes quiet, the reverse.
More to buy on BNB Chain
Prices as of October 23, 2026.