How PancakeSwap Executes a Swap, Where Liquidity Comes From, and What Traders on BNB Chain Should Really Know
What happens between clicking “Swap” and your token balance changing — and why does it sometimes cost you more than the on-screen price? If you trade on PancakeSwap (or any AMM on BNB Chain), the short answer is: a few smart-contract mechanics, liquidity incentives, and network-level frictions all collide. Unpacking those pieces clarifies practical choices: […]