Binance Labs Makes a Surprise Investment in PancakeSwap!

Binance Ventures, the company's venture capital, has announced an investment in CAKE, the utility and governance token of PancakeSwap, a decentralized exchange. According to the business, the undisclosed investment is part of Binance Labs' "mission to facilitate the next wave of global blockchain adoption,”. According to DeFi Llama, the platform currently has a total value of $4.76 billion locked on the BNB Chain. Following the announcement, CAKE reached a weekly high of $4.84. It's up 3.87% percent on the day.