BTC $68,563.00 (-3.14%)
ETH $1,971.29 (-5.70%)
XRP $1.46 (-11.81%)
BNB $613.10 (-4.22%)
SOL $85.10 (-6.25%)
TRX $0.28 (-0.82%)
DOGE $0.10 (-12.06%)
BCH $557.71 (-0.60%)
ADA $0.28 (-6.77%)
LEO $8.49 (+0.92%)
HYPE $29.68 (-5.25%)
LINK $8.76 (-4.76%)
CC $0.16 (-0.82%)
XMR $316.89 (-10.07%)
XLM $0.17 (-8.60%)
ZEC $283.49 (-8.44%)
HBAR $0.10 (-6.04%)
LTC $54.17 (-4.08%)
AVAX $9.26 (-4.35%)
SHIB $0.00 (-5.32%)
Back to News

Pancakeswap Burns 6,839,989 CAKE Tokens This Week

Twitter icon  •  Published 3 years ago on November 8, 2022  •  Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,839,989 CAKE tokens (worth $33 million) this week.

Pancakeswap Burns 6,839,989 CAKE Tokens This Week

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,839,989 CAKE tokens (worth $33 million) this week. The decentralized exchange generated $1 million (214k CAKE tokens) in trading fees for its Swap and Perpetual market. The Predictions and Lottery markets generated 59k CAKE ($283k) and 30k CAKE ($146k), respectively. The NFT marketplace generated 1k CAKE ($4k).

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 5% today and is currently trading at $4.568.

X to Launch Smart Cashtags for In-Timeline Crypto Data Soon
Next article X to Launch Smart Cashtags for In-Timeline Crypto Data Soon

Author

Read Hassan Maishera's articles →
Hassan Maishera

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
BC.game Banner