OKX Banner
BTC $79,554.00 (+1.14%)
ETH $2,505.42 (+1.44%)
BNB $707.13 (+0.52%)
XRP $1.43 (+0.46%)
SOL $104.46 (+7.16%)
TRX $0.34 (+0.64%)
HYPE $82.41 (-0.32%)
DOGE $0.09 (+1.96%)
ZEC $784.48 (-0.88%)
RAIN $0.02 (-0.49%)
XMR $470.57 (+6.64%)
LINK $11.78 (+2.67%)
LEO $9.32 (+0.43%)
ADA $0.21 (-0.14%)
XLM $0.19 (+0.57%)
BCH $269.46 (+0.59%)
CC $0.12 (-1.91%)
LTC $49.92 (-1.79%)
GRAM $1.40 (-1.40%)
HBAR $0.08 (+0.47%)

Pancakeswap Burns 6,721,328 CAKE Tokens This Week

Share on X icon · Published för 3 år sedan on August 30, 2022 · Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,721,328 CAKE tokens (worth $26 million) this week.

Pancakeswap Burns 6,721,328 CAKE Tokens This Week

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,721,328 CAKE tokens (worth $26 million) this week. The decentralized exchange generated $1 million (287k CAKE tokens) in trading fees for its Swap and Perpetual market and $9k (5k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 91k CAKE ($349k) and 32k CAKE ($121k), 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 6% today and is currently trading at $4.107.

LayerZero Launches ATLAS, a Backend for 24/7 Global Trading
Next article LayerZero Launches ATLAS, a Backend for 24/7 Global Trading

Author

Read Hassan Maishera's articles →
Hassan Maishera
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
Cybet Banner
OKX Banner