PancakeSwap vs BENQI — how do they compare? PancakeSwap trades at Rp24,823 (market cap Rp8,07T, Rp402,35M 24h volume), while BENQI trades at Rp20.62 (market cap Rp147,71M, Rp8,21M 24h volume). The key difference: PancakeSwap is far larger — about 54634.1× BENQI's market cap, and PancakeSwap's circulating supply is 322,8M / 400M CAKE (81%) versus 7,2B / 7,2B QI (100%) for BENQI. Which is the better fit depends on your goals — on Pluang, investors hold PancakeSwap for 74 Days and BENQI for 48 Days on average.
| CAKE | QI | |
|---|---|---|
Market Cap | Rp8,07T | Rp147,71M |
Volume (24h) | Rp402,35M | Rp8,21M |
Circulating Supply | 322,8M / 400M CAKE (81%) | 7,2B / 7,2B QI (100%) |
Typical Hold Time | 74 Days | 48 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 →BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The lending protocol allows users to lend, borrow, or earn interest using their digital assets. The Liquid Staking protocol provides a solution for capital efficiency, offering users the opportunity to unlock their “staked” AVAX to be used on Decentralized Financial protocols.
Read more on QI →