What is CAKE token market overview: price, market cap, trading volume and supply explained

CAKE Token Market Cap and Ranking: $664 Million at Position #50

PancakeSwap (CAKE) maintains a market capitalization of approximately $664 million, positioning it as a significant player in the decentralized exchange ecosystem. The token's ranking fluctuates between #50 and #107 depending on market conditions and data sources, reflecting its dynamic market position within the broader cryptocurrency landscape.

The token's valuation reflects its utility within the PancakeSwap protocol on the Binance Smart Chain. With a circulating supply of approximately 336 million tokens, CAKE demonstrates substantial liquidity compared to its fully diluted valuation. The 24-hour trading volume averaging $30-48 million indicates consistent market activity and investor interest. Recent price movements show volatility typical of decentralized finance tokens, with the current price representing a significant decline from the all-time high of $43.96 recorded in April 2021. This market positioning underscores CAKE's relevance as a governance token for one of the leading automated market makers in the BSC ecosystem.

Supply Dynamics: 336.2 Million Circulating Against 450 Million Maximum Supply

PancakeSwap's CAKE token operates within a clearly defined supply framework that reflects the platform's commitment to sustainable tokenomics. The current circulating supply stands at 336.2 million tokens, representing approximately 74.72% of the total supply cap. This ratio against the maximum supply of 450 million demonstrates a structured approach to token distribution and scarcity management.

The supply dynamics underwent significant transformation when the community voted to reduce the maximum supply from 750 million to 450 million in December 2023. This deflationary adjustment represents a 40% reduction in the maximum supply ceiling, fundamentally altering the token's long-term value proposition.

The market responded positively to this deflationary proposal, with CAKE experiencing a 20.4% price spike following the announcement. This demonstrates investor confidence in supply-controlled mechanisms that create natural scarcity. By constraining the total token supply, PancakeSwap established a framework where each CAKE token becomes proportionally more valuable as adoption increases, provided emission rates remain controlled and community governance stays aligned with long-term sustainability goals.

Trading Volume and Liquidity: $368,990 Daily Volume with Active Exchange Coverage

PancakeSwap's CAKE token demonstrates substantial trading volume and robust liquidity across multiple trading channels. The token records a 24-hour trading volume of $66.85 million, reflecting consistent market participation and strong investor interest. This volume distribution reveals critical insights about market structure and accessibility.

The platform's decentralized exchange (DEX) segment processes $23.06 million in daily volume, representing 34.5% of total trading activity. This substantial DEX contribution indicates healthy organic demand and efficient peer-to-peer trading mechanisms. Perpetual futures volume adds significant depth, with 24-hour derivatives trading reaching $7.96 million.

With a market capitalization of $620.78 million and circulating supply of approximately 336 million CAKE tokens, the token maintains a healthy volume-to-market-cap ratio exceeding 10%, indicating excellent liquidity. Active exchange coverage across 44 different platforms ensures traders access competitive pricing and minimal slippage, making CAKE an institutional-grade asset for both spot and derivatives trading.

FAQ

What is a CAKE coin?

CAKE is the governance token of PancakeSwap, a decentralized exchange protocol. It enables holders to participate in platform governance and decision-making. CAKE has an unlimited supply and plays a central role in the PancakeSwap ecosystem.

Is CAKE a good coin?

CAKE is the native token of PancakeSwap, a leading decentralized exchange platform. It benefits from strong community support, established market presence, and solid long-term potential in the DeFi ecosystem.

Is CAKE a good investment?

CAKE offers strong fundamentals with growing trading volume, community support, and solid development roadmap. The token shows promising potential for long-term value appreciation in the Web3 ecosystem.

How much will CAKE coin cost in 2025?

CAKE coin is projected to cost around $4.00–$4.30 by the end of 2025. This prediction is based on current market analysis and historical performance trends. However, cryptocurrency prices remain highly volatile and subject to market conditions.