Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 627k CAKE ($1.46M). The deflation figure follows the burning of 222k CAKE ($515k) by AMM V2, up 91%, and the destruction of 298k CAKE ($691k by AMM V3, down 37%. AMM Infinity also destroyed 23.4k CAKE ($54.2k). Other Sources (Prediction, Perpetual, etc.) burned 84k CAKE ($196k), down 11%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 0.5% today and is currently trading at $2.300.
