PancakeSwap Exchange is the leading DEX on BNB Smart Chain. It allows users to trade and earn a variety of BEP-20 coins through their Automated Market Maker (AMM) based exchange. Launched in September 2020, Pancake Swap has become quite a sensation in the De-Fi world, gaining popularity rapidly over the past couple of years.PancakeSwap has the most users of any decentralized platform, ever. And those users are now entrusting the platform with over $3.5 billion in funds.in other words we can say that PancakeSwap is Binance Smart Chain's (BSC) largest AMM project, an automated market maker. There are no order books, bid or ask systems or limit/market orders in this system. Instead, participants trading on the platform can auto-draw liquidity from multiple liquidity pools, which readjust themselves after each trade.