Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 1.11M CAKE (-$3.07m). The deflation figure comes after AMM V2 burned 271k CAKE ($745k), up 3%, and AMM V3 destroyed 750k CAKE ($2.06M), up 60%. AMM Infinity also destroyed 13.5k CAKE ($37.0k). Other Sources (Prediction, Perpetual, etc.) burned 81k CAKE ($223k), up 8%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 1.9% today and is currently trading at $2.520.
