PancakeSwap vs Degen — how do they compare? PancakeSwap trades at Rp24,895 (market cap Rp8,09T, Rp399,44M 24h volume), while Degen trades at Rp25.39 (market cap Rp599,97M, Rp40,76M 24h volume). The key difference: PancakeSwap is far larger — about 13484× Degen's market cap, and PancakeSwap's circulating supply is 322,8M / 400M CAKE (81%) versus 23,6B / 37B DEGEN (64%) for Degen. Which is the better fit depends on your goals — on Pluang, investors hold PancakeSwap for 74 Days and Degen for 14 Days on average.
| CAKE | DEGEN | |
|---|---|---|
Market Cap | Rp8,09T | Rp599,97M |
Volume (24h) | Rp399,44M | Rp40,76M |
Circulating Supply | 322,8M / 400M CAKE (81%) | 23,6B / 37B DEGEN (64%) |
Typical Hold Time | 74 Days | 14 Days |
What Pluang investors did over the last 30 days
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming, and earning fees in return. Whereas, CAKE is a PancakeSwap token which main function is to incentivize the liquidity provision to the PancakeSwap platform.
Read more on CAKE →Degen was originally created as a reward token for participants in Farcaster's Degen channel. Initially launched as a meme coin, it has since gained a strong community of developers, crypto creators, and enthusiasts. At the time of its launch, 15% of the total supply was airdropped to active members, and there are plans to eventually distribute 70% of the total supply through airdrops.
Read more on DEGEN →