PancakeSwap

In 2020, an anonymous team of developers launched the most popular decentralized exchange on the BNB Chain, a blockchain with close ties to the crypto exchange Binance. The developers' monikers all referenced food items or cooking. In 2025, nearly 30% of the entire market share for decentralized exchanges belonged to PancakeSwap. The protocol now operates on Arbitrum, Base, Solana, and Ethereum, among other blockchains.