Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 355k CAKE (-$864k). The deflation figure comes after AMM V2 burned 193k CAKE ($470k), up 17%, and AMM V3 destroyed 234k CAKE ($569k), down 32%. AMM Infinity also destroyed 1.8k CAKE ($4.5k). Other Sources (Prediction, Perpetual, etc.) burned 80k CAKE ($196k), down 9%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 0.01% today and is currently trading at $2.450.
