Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 415k CAKE (-$1.08M). The deflation figure comes after AMM V2 burned 164k CAKE ($425k), up 62%, and AMM V3 destroyed 316k CAKE ($820k, down 23%. AMM Infinity also destroyed 4.5k CAKE ($11.7k). Other Sources (Prediction, Perpetual, etc.) burned 83k CAKE ($216k), up 15%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 1.5% today and is currently trading at $2.625.
