DeFi Fact-checked 2026-08-14
PancakeSwap logo

PancakeSwap

Established 2020

The dominant DEX of the BNB Chain ecosystem, with lottery, staking and yield features galore.

PancakeSwap is BNB Chain's flagship DEX, pairing cheap, fast swaps with a casino of extras: syrup pools, lottery games, prediction markets and NFT features. Its CAKE token fuels the ecosystem, and it has expanded across multiple chains while remaining BNB-first.

Quick facts

Founded

2020

Category

DeFi

Platforms

Web, iOS, Android

Key facts

Non-custodial, AMM, BNB Chain leader

Pros

  • Low fees on BNB Chain versus Ethereum L1
  • Huge variety of yield and gamified products
  • Massive liquidity in BNB-ecosystem pairs

Cons

  • Gamified features blur the line with gambling
  • More scam-token listings than stricter venues
  • Past CAKE tokenomics changes frustrated holders

Best for

BNB Chain users who want the full DeFi playground

Fees

0.25% standard pool fee plus minimal gas on BNB Chain.

Security notes

Non-custodial with audited core contracts. With gamified products, the bigger risk is the products themselves — read before you stake.

dexbnb-chainyield

Frequently asked questions

What is PancakeSwap?
PancakeSwap is The dominant DEX of the BNB Chain ecosystem, with lottery, staking and yield features galore. PancakeSwap is BNB Chain's flagship DEX, pairing cheap, fast swaps with a casino of extras: syrup pools, lottery games, prediction markets and NFT features. Its CAKE token fuels the ecosystem, and it has expanded across multiple chains while remaining BNB-first.
Is PancakeSwap safe to use?
Non-custodial with audited core contracts. With gamified products, the bigger risk is the products themselves — read before you stake. As always, verify details on the official site before trusting funds to any service.
How much does PancakeSwap cost?
0.25% standard pool fee plus minimal gas on BNB Chain. Figures change — confirm current pricing on the official site before deciding.

Similar resources

Uniswap logo

Uniswap

est. 2018

Sumo Pick

The largest decentralised exchange — the foundational swap layer of Ethereum DeFi.

DeFi dexethereum
View profile
1inch logo

1inch

est. 2019

The DEX aggregator that routes your swap across hundreds of pools to find the best price.

DeFi aggregatorbest-rates
View profile
Aave logo

Aave

est. 2017

The largest lending protocol in DeFi — supply assets to earn, or borrow against them.

DeFi lendingborrowing
View profile