Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 497k CAKE (-$1.26m). The deflation figure comes after AMM V2 burned 189k CAKE ($478k), down 2%, and AMM V3 destroyed 221k CAKE ($561k), down 5%. AMM Infinity also destroyed 6.1k CAKE ($15.6k). Other Sources (Prediction, Perpetual, etc.) burned 81k CAKE ($206k), up 1%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 3.4% today and is currently trading at $2.460.
