PancakeSwap

CAKE is the governance token of PancakeSwap, a decentralized exchange built on the Binance Smart Chain. With a market cap of around $3.5 billion and a price around $20 per token, PancakeSwap offers token trading, liquidity provisioning, and yield farming features. CAKE holders can participate in the governance of the platform, propose and vote on changes, and earn rewards through staking. By utilizing CAKE, users can access various DeFi opportunities and engage in the community-driven governance of PancakeSwap.