PancakeSwap is the leading decentralized exchange on BNB Chain, offering AMM swaps, concentrated liquidity, perpetuals, staking, and cross-chain trading across 16+ networks.
PancakeSwap V3 packs BNB and CAKE into a concentrated-liquidity AMM. Pick a fee tier, then squeeze your range tighter to amplify capital efficiency and LP APR.
Every swap walks the price along the hyperbola. Pool reserves multiply to a constant k — buying CAKE depletes one reserve and inflates the other, moving you along the curve.
V3 lets LPs concentrate liquidity into a price band instead of the whole curve. Tighter band = more fees per dollar at the current price, but zero fees if price exits the band.
High fee tiers (1%) target volatile pairs where impermanent loss is the dominant risk. Stable-ish pairs use 0.01% / 0.05%. Pick a tier that matches the pair's expected volatility.
Live signals detected by Sentinel monitors across all five risk classes.
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
BSC and multi-chain DeFi users need a deep, reliable DEX with low fees, diverse products, and native chain support without routing through Ethereum mainnet.
PancakeSwap provides a one-stop DEX with AMM V2/V3, concentrated liquidity, stablecoin swap, perpetuals, staking, and farming — all with sub-$0.01 gas costs on BSC.
5+ years as the undisputed #1 DEX on BNB Chain with $2.1T cumulative volume, now expanding to 16+ chains with Infinity (V4-style hook architecture) and PancakeSwap X (MEV Guard, auto slippage).
PancakeSwap is a DEX protocol operating on BNB Chain, Ethereum, Arbitrum, Base, Solana, Aptos, ZKsync Era, opBNB, Linea, Monad. PancakeSwap is the leading decentralized exchange on BNB Chain, offering AMM swaps, concentrated liquidity, perpetuals, staking, and cross-chain trading across 16+ networks.
DeFi Sentinel rates PancakeSwap AAA with a safety score of 94/100, indicating highest safety tier. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. PancakeSwap has 6 audits on record. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
PancakeSwap has a DeFi Sentinel safety score of 94/100 (rating AAA), last updated May 11, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
PancakeSwap is deployed on BNB Chain, Ethereum, Arbitrum, Base, Solana, Aptos, ZKsync Era, opBNB, Linea, Monad.
Yes. PancakeSwap has 6 audit reports on record from firms including Hexens, BlockSec, PeckShield. Audit reports and dates are linked under the Resources tab on this page.
