PancakeSwap was created based on the Binance Smart Chain (BNB Chain) and is now the foundation for more than 10 major chains, including Ethereum, Solana, and Arbitrum, to enable users to verify how the system works and for security experts to monitor vulnerabilities at all times.1 PancakeSwap collaborates with leading industry security companies to conduct regular audits to protect billions of dollars worth of assets.20 In particular, PancakeSwap conducts regular audits. Each time a new version was released, it was checked.10 Multichain and Aptos implementation: Multiple security partners, including Halborn, OtterSec, and Zellic, audited the Aptos network-based DEX and MasterChef...
Investment View
In particular, suppressing inflation and establishing a net deflation structure is evaluated as suggesting a sustainable direction for DeFi protocols to move forward. In the future, Pancake Swap is expected to focus on solving the 'fragmented liquidity' problem through Infinity (v4)-based user-customized liquidity strategies and cross-chain swap functions. This will solidify its status as an 'abstracted liquidity hub' where users can trade at the optimal price no matter what chain they are on, and the value of CAKE tokens will also go beyond simple rewards and be in line with the growth of the entire ecosystem.
Previous Versions
Additionally, it is appropriate for DeFi projects to consider “protocol security, liquidity/TVL, revenue sustainability, and governance maturity” as core axes. PancakeSwap maturity score: 78 / 100 — Beginning of maturity PancakeSwap has evolved from a simple BNB Chain AMM to a multi-chain DEX, profitable CAKE burning system, and Infinity-based modular AMM. The official document describes PancakeSwap as an “all-in-one multichain DEX,” and the GitHub document specifies support for 10 chains, including BNB Chain, Ethereum, Solana, Base, Arbitrum, Aptos, ZKsync, Linea, Monad, and opBNB.
Investment View
(PancakeSwap) However, developer maturity is evaluated lower than projects like Uniswap, which have a very wide ecosystem of independent research, standardization, and external protocol forks. However, since it is sensitive to market trading volume, if commissions decrease in a bear market, the CAKE deflation narrative may also be weakened. PancakeSwap is evaluated as a stage before entering the maturity narrative, that is, a “profitable multi-chain DEX + modular AMM transition period”.