PancakeSwap (CAKE) Soars 9% as Binance Labs Makes a Strategic Investment

The price of PancakeSwap’s native cryptocurrency – CAKE – skyrocketed by as much as 9 percent today as Binance Labs revealed a strategic investment into the decentralized exchange.

PancakeSwap is the veteran and leading decentralized exchange on the BNB Chain, and it has been the predominant one in terms of overall trading volume since its launch. Today, the investment arm of the world’s largest cryptocurrency exchange, Binance Labs, revealed that it has made a strategic investment into the utility and governance token of PancakeSwap – CAKE.

PancakeSwap has been leading the development and mass adoption of BNB Chain. Given that PancakeSwap is the most widely used dApp and the DeFi project with the highest TVL on BNB Chain, we have and will continue to provide strong support for the project.Source: Binance, powered by TradingViewAt the time of this writing, the cryptocurrency is trading at around $4.68, which is an increase of roughly 6%, but it had peaked at slightly below $5 a few hours ago.

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Binance Labs Makes Strategic Investment in PancakeSwap | Binance Blog.BinanceLabs has invested in PancakeSwap's utility and governance token, $CAKE. This investment will provide technology development, marketing and community support as well as Web3 enterprise solutions. BinanceLabs PancakeSwap When you will make investment in GoldenDoge11 ? BinanceLabs PancakeSwap Qel BinanceLabs PancakeSwap Heyy!!. Check out this potential x100. Project. Keep fit stay healthy and rest well and get paid while at it. Join the community and watch it skyrocket🚀🚀🚀
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