PancakeSwap

PancakeSwap receives a B risk grade (23/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — massive and widely used, but BNB Chain concentration and multi-chain bridge exposure create a large blast radius if something goes wrong The largest decentralized exchange on BNB Chain, offering token swaps, yield farming, and even a lottery. It holds $2.3B in deposits across 10+ blockchains. Its B- grade comes from heavy concentration on a single chain and the expanded attack surface of running on so many networks.

The key risks identified for PancakeSwap are: (1) Over 80% of the $2.3B sits on BNB Chain alone -- any problem with that chain puts the majority of funds at risk (2) Running on 10+ blockchains means relying on many different bridges, and a single bridge hack could flood markets with fake CAKE tokens (3) Their Chinese social media account was hacked in October 2025 to promote scam tokens, showing operational security gaps

PancakeSwap scores 23/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 5/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 7/10, Regulatory Risk: 2/10, Vitality Risk: 2/10. The highest risk area is Scale Exposure at 7/10.

Among 111 rated DEX protocols on Hindenrank, PancakeSwap ranks #11 by safety (lowest risk score = safest). Its 23/100 risk score and B grade place it among the safer DEX protocols.

PancakeSwap scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.