Binance Lab Announces Investment in PancakeSwap, CAKE Price Surges 9%
PancakeSwap uses an automated market maker (AMM) approach. Despite today’s uptick, the token remains on a long-term downward trend. An investment in PancakeSwap’s $CAKE token, a utility and governance token, has been made by Binance Labs. PancakeSwap is a BNB Chain-based decentralized exchange. It is part of Binance Labs’ objective