PancakeSwap's CAKE token is stabilizing after a 30% drop in October, buoyed by BNB Chain's growth and new tokenized asset offerings. The BNB Chain has surpassed TRON in stablecoin user activity, boasting over 190 million active wallets. PancakeSwap's trading volume has surged 61% since late 2024, accounting for nearly half of BNB Chain's $1.7 trillion DEX volume in Q3. On October 29, PancakeSwap introduced tokenized Apple and Tesla stocks in collaboration with Ondo Finance, offering zero fees for the first 30 days. Despite a slight price dip post-announcement, CAKE is stabilizing near the 78.6% Fibonacci level at $2.38, though it remains below the 200-day EMA at $2.53. A move above this level could indicate a stronger recovery.