Want to learn how to use PancakeSwap? This guide provides step-by-step info on how to use it, as well as general information on the PancakeSwap DEX. PancakeSwap is an automated market maker (AMM) and decentralized exchange (DEX) available on the BNB Smart Chain, Ethereum, and other blockchain networks. PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market (sources: 1 2). Used by millions. Trusted with billions.