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  3. /PancakeSwap
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defi

PancakeSwap

The largest DEX on BNB Chain, also running on Ethereum and other chains.

Definition

The largest DEX on BNB Chain, also running on Ethereum and other chains. It started as a Uniswap fork but added features like lottery, prediction markets, and NFT marketplace. CAKE is the governance and utility token. It's popular in regions where BNB Chain has strong adoption.

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GuideDEX Guide: Decentralized Exchanges

Related Terms

DEX (Decentralized Exchange)

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades.

AMM (Automated Market Maker)

A type of decentralized exchange that uses math formulas instead of order books to price trades.

Liquidity Pool

A pool of tokens locked in a smart contract that enables decentralized trading.

1inch

A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.

Aave

One of the biggest lending and borrowing protocols in DeFi.

Across Protocol

A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.

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