#BSCTrendingCoins CAKE is the native token of PancakeSwap, a leading decentralized exchange (DEX) on Binance Smart Chain. PancakeSwap has become the largest liquidity center on BSC, with impressive trading volume (according to data from various sources, this is the second largest DEX in the world by trading volume during the 2020-2021 period). CAKE plays a core role in supporting activities such as liquidity providing, staking, and governance. This makes CAKE an important utility token, attracting DeFi users thanks to lower transaction costs compared to Ethereum.