3 Reasons Why PancakeSwap (CAKE) Suddenly Jumped 20%

Decentralized exchange (DEX) protocol PancakeSwap (CAKE) is leading the price charge today following its most dramatic price resurgence in recent times. At the time of writing, data from CoinMarketCap pegs the price of the token at $2.60, up by 20% in the past 24 hours, its best price in seven months.

Timeline of Pancakeswap

Multichain decentralized exchange PancakeSwap has partnered with DeFi protocol Bril Finance to allow users access to an automated portfolio management tool. The integration will see PancakeSwap users optimize their yield strategies via direct integration with the DEX's position manager.

PancakeSwap, a decentralized crypto exchange, has expanded its “buy crypto” feature by integrating Transak, a global cryptocurrency onramp platform. This recent stride adds Transak to the list of third-party providers like Mercuryo and Moonpay, previously available for this feature.

PancakeSwap, a leading decentralized finance (DeFi) platform, has officially launched its anticipated Version 3 (V3) on the Linea Mainnet. According to the announcement, the collaboration between PancakeSwap and Linea aims to provide a seamless trading experience with lower fees, increased liquidity provider returns, and enhanced capital efficiency.

PancakeSwap v3, a popular multi-chain DeFi exchange, announced its launch on the Ethereum layer 2 network Linea on Aug. 24. The exchange's deployment on Linea introduces two new features.

Decentralized trading platform PancakeSwap has announced a partnership with software development company BloXroute to implement protection against the unwanted presence of Mev bots on the Ethereum blockchain.

Story Highlights PancakeSwap price can go as high as $3.437 by the end of 2023. CAKE with a potential surge could go as high as $22.329 by the end of 2030. The current price of one CAKE token is . The ever-evolving crypto space is home to a host of promising and competent projects.

In an ambitious move to incentivize its stakers popular decentralized exchange (DEX) PancakeSwap ($CAKE) is set to disburse a share of its trading fee revenue amounting to millions of dollars to CAKE token stakers.

PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), is set to share a portion of its trading-fee revenue with stakers of its native token to enable them to earn more rewards. The Revenue Sharing Pool (RSP) initiative will see Fixed-Term CAKE stakers receive 5% of the trading fee revenues from all PancakeSwap v3 pairs with 0.01% and 0.05% fee tiers on a recurring and weekly basis.

One of the largest DEXes in crypto is initiating a game-changing liquidity initiative for its community. Now, generous rewards are available not only on "incentivized" pools but for all CAKE stakers as well.

PancakeSwap has recently announced its integration with ZkSync Era network for its V3, highlighting a new wave in the evolution of smart contract development via ZK-rollups. As one of the leading decentralized exchanges, PancakeSwap's alignment with ZkSync Era could foster a substantial enhancement for the DEX.