CAKE, the token that powers PancakeSwap, the BNB Chain different of decentralized exchanges like Uniswap and SushiSwap, is used for liquidity mining rewards and grants holders governance rights over the protocol. The overall worth locked on Pancake Swap stands at $1.81 billion, a roughly 9% lower previously seven days, per DeFi Llama.
BNB, CAKE Crypto Costs Plummet Following SEC Crackdown on Binance
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