OKX Banner
BTC $62,656.00 (-1.70%)
ETH $1,868.31 (-1.30%)
BNB $604.19 (-1.10%)
XRP $1.00 (-0.40%)
SOL $75.23 (-1.20%)
TRX $0.33 (-0.50%)
HYPE $55.63 (-3.50%)
DOGE $0.07 (-1.10%)
RAIN $0.01 (+5.60%)
LEO $9.19 (-2.50%)
ZEC $482.76 (-1.40%)
XMR $397.09 (-1.00%)
ADA $0.18 (-3.40%)
LINK $8.79 (-0.30%)
XLM $0.16 (-0.40%)
BCH $200.66 (-6.50%)
CC $0.10 (-0.40%)
GRAM $1.32 (-0.50%)
USDG $1.00 (+0.00%)
LTC $43.74 (-1.60%)

Pancakeswap Burns $21 Million Worth Of CAKE Tokens

Twitter icon  •  Published 4 years ago on July 5, 2022  •  Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,835,261 CAKE tokens (worth $21 million) this week.

Pancakeswap Burns $21 Million Worth Of CAKE Tokens

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,835,261 CAKE tokens (worth $21 million) this week. The decentralized exchange generated $1 million (242k CAKE tokens) in trading fees for its Spot and Perpetual market and $3k (1k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 141k CAKE ($441k) and 29k CAKE ($91k), respectively. 

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by more than 2% today and is currently trading at $3.150

NY Governor Candidate Vows to Kill the BitLicense
Next article NY Governor Candidate Vows to Kill the BitLicense
OKX Banner

Author

Read Hassan Maishera's articles →
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
Cybet Banner
OKX Banner