KyberSwap vs PancakeSwap

KyberSwap3.5/5

VS

PancakeSwap4.0/5

Feature	KyberSwapVisit	PancakeSwapVisit
Ratings
Our score	3.5/5	4.0/5
User rating	No reviews yet	No reviews yet
Liquidity & pricing	4.0	4.5
Fees	3.0	3.5
Security	2.5	3.5
Ease of use	4.0	4.0
Chain coverage	4.5	5.0
Specs
KYC required	No	No
Type	Aggregator	AMM
Chains	Ethereum	BNB Chain, Ethereum, Aptos, Base, Arbitrum
Swap fee	Not disclosed	Fees vary by product and pool.
Limit orders	Yes	Not disclosed
Cross-chain swaps	Yes	Yes
Audited	Yes	Yes
Open source	Not disclosed	Yes
Governance token	KNC	CAKE
Perpetual futures	Not disclosed	Yes
Routes across other DEXs	Yes	Not disclosed
Points or rewards program	Yes	Yes
Company
Founded	2017	2020
Headquarters	Singapore	Japan
Investors	Not disclosed	YZi Labs
Strengths and weaknesses
Pros	Routes trades across hundreds of DEXs and liquidity sources Supports 11 named networks, including Ethereum, Arbitrum and Polygon Offers limit orders and cross-chain swaps Publishes security work from Omniscia, Spearbit and Hexens	Available across 11+ blockchain networks Non-custodial wallet-based access without KYC Open-source contracts with audits from six security firms About $1.56B locked as of October 17, 2026
Cons	A November 2023 exploit affected certain KyberSwap Elastic Liquidity Pools Cross-chain routes add bridge and destination-chain execution risk Liquidity-pool returns depend on market conditions and token incentives KNC governance rewards depend on KyberSwap trading activity	Permissionless listings increase counterfeit-token and smart-contract risk Swap fees vary by product, pool and fee tier AMM trades remain exposed to slippage and MEV Cross-chain products add bridge and message-passing risk
Best for	Multichain onchain swappers, DEX liquidity aggregators, Limit-order traders	Multichain spot traders, BNB Chain liquidity providers, CAKE staking users

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