$500 Million Investment on Pancakeswap Token by Binance Lab

According to the project’s website, the CAKE token enables a variety of functions, including voting, stocking, and agriculture.

The cake is built on Binance’s own BNB Smart Chain (BSC) using BEP-20 tokens

nd competes with Uniswap (UNI) and SushiSwap (SUSHI), which operate on ERC-20 tokens

Bill Kian, head of Binance Labs, talks about the decision to invest in a decentralized application (DAPP)

“PancakeSwap is leading the development and mass adoption of the BNB chain

PancakeSwap is the most widely used DeFi project in the widely used DApp and BNB chain, and we strongly support the project and will continue to do so.

Blockchain’s Total Value Locked (TVL) represents the total investment in its smart contracts.