
PancakeSwap (Base)
pancakeswap.finance ↗A decentralised exchange
Its markets are liquidity pools on a blockchain. A token is matched to a coin by its contract address, never by the ticker written on the chain, and pools of tokens no other exchange has named by contract are not listed. A pool has no order book: “Book within 2%” is here what the pool can absorb before its price moves 2%, computed from its liquidity, and it is weighed against the pool's volume like an order book. A pool's trades are settled on the chain, so a thin pool is thin, not a sign that its volume did not happen. Methodology
Backed
Markets are listed but excluded from price calculation: less than 24 hours of data is available. They price only coins not traded elsewhere. Methodology100% of volume trades on markets with sufficient order-book depth (3 of 3 measured markets). A market is backed when orders within ±2% of the price equal at least 1% of its 24h volume; the median market holds 1.27%.
Median deviation from the Coinsprey price is 0.15%, across 7 markets of coins also traded elsewhere; its tickers publish no spread. Limit: 1%, or its own spread (2% where none is published).
Less than 24 hours of data (40 requests so far). An exchange is observed for most of a day before it is assessed.


