PancakeSwap (CAKE): what it is and how it works

Discover what PancakeSwap (CAKE) is, the DEX born on BNB Chain, and how it works.

PancakeSwapis not supported by Young Platform.

What is PancakeSwap (CAKE)

PancakeSwap is one of the leading decentralised exchanges (DEX), born on BNB Chain (Binance’s blockchain). This page is for informational purposes only: PancakeSwap is not currently supported by Young Platform.

CAKE is the platform’s reference token; over time the platform has expanded to numerous networks, including Ethereum, Arbitrum, Base, Linea and others.

How it works: the AMM model

PancakeSwap works with the automated market maker (AMM) model: trades happen against liquidity pools managed by smart contracts, without a central intermediary. Users who deposit their tokens in the pools can receive variable, non-guaranteed rewards.

What the CAKE token is for

CAKE is used to access the platform’s services, to take part in governance and for staking. PancakeSwap also offers sections dedicated to NFTs, gaming and derivative products: these last features are not offered by Young Platform, which only allows the spot buying and selling of supported crypto-assets.

What to consider

Launched in 2020, CAKE has had a highly volatile trend, with an all-time high reached in 2021. The token’s value is closely tied to the platform’s activity and to the health of the DeFi ecosystem.

Past performance is not a guarantee of future results.

PancakeSwap Market Data

Price 24H
€ undefined
Change 24H
NaN%
Circulating Supply
CAKE undefined
Offerta massima
CAKE undefined
Market Cap
€ undefined
Volume
€ undefined

Learn More in the Academy

From Web3 basics to decentralised finance. Access guides and insights tailored to every level, and navigate the crypto market with confidence.

Young Platform Academy

Create your account in 3 steps on Young Platform

Sign up and verify your identity
Create your account in minutes. Once verified, you're ready to buy and sell crypto on Young Platform.
Fund your wallet
Deposit Euros using your preferred method: card, bank transfer, Apple Pay, or Google Pay. Start with as little as €20.
Buy and sell crypto
Trade instantly using your wallet balance. Prices and fees are transparently displayed before any confirmation.

What does the Young Platform do?

Young Platform is the Italian platform for the crypto-asset world. Since 2018, we have been working from Turin to make buying and selling crypto-assets a clear and accessible experience — whether you are taking your first steps or trading regularly. Over 2 million users have already chosen us (as of June 11, 2026). Our shareholders include Azimut, United Ventures, and Banca Sella, among others. For details on our updated corporate structure, please visit the official page on our website.

Check out the Top movers

Discover the cryptocurrencies with the biggest price changes over the last 24 hours.

Jump into the crypto market now

footer-logo
Download
play-store-logo