Despite experiencing a steep decline in its native CAKE token price, PancakeSwap has emerged as the leading decentralized exchange (DEX) platform. Its monthly volume surpassed $116 billion, far outpacing rivals like Uniswap and Raydium. Yet, despite this remarkable growth fueled by increased usage and DeFi applications, CAKE’s market valuation has fallen to approximately $745 million, prompting a question: Is the price discrepancy between PancakeSwap’s fundamentals and market sentiment a cause for concern? đ§ While the platform handles over $4.16 billion in transactions daily, exceeding Uniswapâs $1.6 billion and Raydium’s $529 million, its token price has taken a dip from around $2.95 in late-May to about $2.30 today.