PANCAKE SWAP

History PancakeSwap was founded by a group of anonymous developers in September 2020. What made it different at the time of launch was that PancakeSwap was built on Binance Smart Chain (BSC), which offers faster and cheaper transactions compared to Ethereum. At the time of PancakeSwap's launch, Ethereum was suffering from expensive and slow transactions as DeFi's mainstream moment in 2020 drove massive demand for transactions. Almost all DeFi applications lived on Ethereum at the time.

PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain. On PancakeSwap, you can swap between cryptocurrency assets, farm its governance token (called CAKE), and even earn rewards. PancakeSwap is governed by the community and can be a lot less expensive than other DEXs as it’s built on Binance, an inexpensive alternative to Ethereum.

LOW FEES
PancakeSwap has significantly lower fees than Ethereum and other exchanges.

REWARDS
By adding liquidity to the exchange, users are generously rewarded, users can win a variety of non-fungible tokens (NTFs), PancakeSwap also offers entry into a variety of lotteries, with the reward 50% of the lottery pool, and yields range from between 23.52% up to a maximum of 378%, which is higher than other exchanges

BINANCE SMART CHAIN
PancakeSwap supports the exchange of several BEP20 tokens

PancakeSwap offers its own token when users contribute to the liquidity pool. Its native token CAKE, can also be staked easily on the platform.

Direct competition to Pancakeswap which are considered similar coins are:
BAKERYSWAP UNISWAP