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PancakeSwap

CAKE#91 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

#3of 24 automated market makersthe typical one is worth $40.98M#88of all coins by sizeworth $729.25M today20%of the supply still to come80.57M coins can still reach the market260.54Kpeople keep it on a watchliston CoinGecko, a measure of attention

PancakeSwap is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $2.28, #88 of all coins by size, 95% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #3 of 24 automated market makers. Nothing to be careful of on the record.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersGMCI Index
5 yearson the marketsince 3 November 2020
260.54Kpeople watch iton CoinGecko lists
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Passes all four

  • ✓A real-world jobReal-world purpose: trading without a middleman
  • ✓Real backingBacking: in the GMCI Index; trades on Coinbase, Kraken, Binance
  • ✓Something aheadAhead: news this month about tokenization, upgrade
  • ✓Room to growRoom: worth $729.25M, 6 times smaller than Uniswap, the biggest coin within reach doing the same thing (Automated Market Maker (AMM))

In the GMCI Index

Why it is worth a look
  • Real-world purpose: trading without a middleman
  • Backing: in the GMCI Index; trades on Coinbase, Kraken, Binance
  • Ahead: news this month about tokenization, upgrade
  • Room: worth $729.25M, 6 times smaller than Uniswap, the biggest coin within reach doing the same thing (Automated Market Maker (AMM))
The gap, and what to do

It is already worth more than the typical coin in Automated Market Maker (AMM) ($40.98M). To match the leader, Uniswap ($4.12B), its price would need to rise 465%, to about $12.89.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#3of 24 automated market makersthe typical one is worth $40.98M
$729.25Mworth todayprice × coins out
$40.98Mthe typical rival is worthAutomated Market Maker (AMM)
$4.12Bthe leader is worthUniswap
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Trading without a middleman

121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #7 of 121 by worth.

Automated Market Maker (AMM): this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • PancakeSwap$729.25Mthis coin−0.7%80% outno record
  • Uniswap$4.12B5.7× bigger, +$3.39B+4.3%, gap +4.962% outnone dated
  • Pump.fun$1.68B2.3× bigger, +$951.09M−1.5%, gap −0.847% outnone dated
  • Curve DAO$543.04M1.3× smaller, −$186.21M−0.5%, gap +0.251% outnone dated
  • Aerodrome Finance$538.82M1.4× smaller, −$190.43M−4.3%, gap −3.6no maxnone dated
  • Pendle$408.74M1.8× smaller, −$320.51M+4.8%, gap +5.5no maxnone dated
  • Raydium$369.38M2.0× smaller, −$359.87M−3.1%, gap −2.449% outno record
  • 1INCH$128.32M5.7× smaller, −$600.93M−2.0%, gap −1.394% outnone dated
Same job, different how

Automated Market Maker (AMM): this coin next to Uniswap, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

PancakeSwap says
PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain.
Uniswap says
Uniswap Labs runs a platform for trading and using different crypto products in one place.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.

Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 2% of that.

Where it trades: Coinbase, Kraken, Binance, Bybit, KuCoin

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Automated Market Maker (AMM): this coin next to the group's largest, Uniswap.

PancakeSwapUniswap
Years trading6 years6 years
Major exchanges58
Named backers05
Headlines, last month33117
Promises deliveredno recordno record

What it says is different: PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.

It is 17.7% the size of Uniswap. On the facts above it is behind on major exchanges, named backers. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$2.28price of one−0.7% today
95%below its highest ever$44 on 30 April 2021
80%of the supply is out319.43M coins
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The last 7 days

7 days ago: $2.37now: $2.28 (−0.6%)

Where today sits against its highest ever price

$2.28

Highest ever: $43.96 on 30 April 2021. Today is 5% of that.

80%

of all CAKE that will ever exist is already out in public hands: 319.43M coins.

20% (80.57M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Perks on its own exchange

Fee discounts and access on the exchange that issued it. Its demand follows that exchange.

  • Fee discounts and access on the exchange that issued it
  • A vote on how the project is run
$2.28price of one
×
319.43Mcoins out
=
$729.25Mworth today, #88 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 80%of the maximum supply is in circulation: 319.43M of 400M.
  • 80.57Mcoins still to be released, 20% of the maximum. Releases can add selling pressure.
  • 5%of its all-time high of $43.96 on 30 April 2021. That is −94.8% from the top.
  • #88by market cap, $729,250,240.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

33headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

33 headlines named this coin in the last month.

What they were about

  • Price9
  • Upgrade4
  • Tokenization4
  • Unlock4
  • Hack1
In the news
What people are talking about, last month:

33 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy