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news-imageFebruary 13, 2025

CAKE Price Jumps 34.9% as On-Chain Metrics Show Strength

TL;DR CAKE has risen by 34.9% in 24 hours and over 100% in the last week, reaching $2.87 after a correction phase that brought it close to $1.33. The total value locked (TVL) in the platform has grown by 15.91%, reaching $1.85 billion, with the potential to surpass $2 billion if the trend continues.
Publisher: Crypto Economy
Sentiment: Positive
CAKE

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Positive
cover-imageThe Currency Analytics
February 13, 2025

The Case for CAKE Sustaining Its Uptrend After a 53% Hike

PancakeSwap's native token, CAKE, has been on an impressive run, rising 53% in just 24 hours, with its weekly gains pushing past 100%. This surge comes after a brief decline over the last month, sparking speculation about whether the token can maintain its bullish momentum or if it will face a short-term correction.

Positive
cover-imageInvezz
February 13, 2025

CAKE price gains 65% as PancakeSwap spearheads BNB Smart Chain's revival

Cryptocurrencies displayed optimism on Thursday following Bitcoin's swift rebound after yesterday's US CPI-driven dip below $95K. While top alts Ethereum (+3.55%), XRP (+2.30%), and Dogecoin (+2.80%) recorded significant gains in the past day, PancakeSwap dominated trends. CAKE jumped from its $1.92 opening price to a daily high of $3.2 – a 66.67% jump.

Positive
cover-imageCrypto news
January 13, 2025

PancakeSwap burns CAKE worth $19m

PancakeSwap, the multi-chain decentralized exchange, has successfully burned 9 million of the native token CAKE. The DEX platform, available across multiple chains, including BNB Chain, Ethereum, Aptos, Base, Arbitrum, and Linea, announced the token burn on Jan. 13.

Positive
cover-imageThe Currency Analytics
December 31, 2024

Aerodrome Surpasses PancakeSwap, Eyeing DeFi Dominance

Aerodrome Finance has recently made a major impact in the decentralized finance (DeFi) space by surpassing PancakeSwap in market capitalization. This notable achievement has fueled discussions about the platform's potential to reshape the DeFi landscape and challenge established players like Uniswap.

Positive
cover-imageCrypto news
December 24, 2024

PancakeSwap hit $310b in trading volume, up 179% YoY

Decentralized exchange platform PancakeSwap had a remarkable 2024 as growth across decentralized finance drove trading volume to over $310 billion. In a report summarizing the DEX platform's year-over-year performance, PancakeSwap (CAKE) said its global trading volume reached $310.6 billion.

Positive
cover-imageProactive Investors
December 11, 2024

GSTechnologies to acquire CAKE cryptocurrency business

GSTechnologies Ltd (LSE:GST)'s wholly owned subsidiary, GS Fintech UAB, has entered into a business purchase agreement to acquire CAKE's business and assets, including the Bake cryptocurrency platform. The acquisition aligns with GST's strategy to enhance the international reach and technological capabilities of its GS20 Exchange.

Positive
cover-imageBitcoin
December 4, 2024

Pancakeswap Launches Springboard: CAKE Token Surges 30%

Pancakeswap's Springboard provides an all-in-one platform for creating and launching tokens on the BNB Chain. Springboard for Tokens on BNB Chain Pancakeswap, a decentralized exchange (DEX) on the BNB Chain has launched Pancakeswap Springboard, a single platform that eliminates the need for coding and enables developers, creators, and projects to quickly deploy their project's tokens.

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