Binance Labs, the venture capital and incubation arm of Binance $BNB, made an investment in PancakeSwap’s utility and governance token $CAKE.

Binance Labs has made a Strategic investment in PancakeSwap (CAKE)

Binance Labs, the venture capital and incubation arm of Binance $BNB, made an investment in PancakeSwap’s utility and governance token $CAKE.

PancakeSwap is a decentralized exchange and the biggest dApp built on BNB Chain, with daily active users of over 400,000.

The investment is a part of Binance Labs’ $500M Investment Fund to drive web3 adoption.

https://www.binance.com/en/blog/ecosystem/binance-labs-makes-strategic-investment-in-pancakeswap-421499824684903961?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

Binance Labs, the venture capital and incubation arm of Binance $BNB, made an investment in PancakeSwap’s utility and governance token $CAKE.