Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 460k CAKE ($854k). The deflation figure follows the burning of 184k CAKE ($342k) by AMM V2, up 0%, and the destruction of 157k CAKE ($291k) by AMM V3, down 38%. AMM Infinity also destroyed 40.6k CAKE ($75.4k). Other Sources (Prediction, Perpetual, etc.) burned 78k CAKE ($146k), down 39%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 3.8% today and is currently trading at $1.826.
