OKX Banner
BTC $78,699.00 (-0.56%)
ETH $2,494.20 (+1.13%)
BNB $702.76 (+0.73%)
XRP $1.41 (-2.70%)
SOL $101.16 (+3.96%)
TRX $0.34 (-0.58%)
HYPE $81.05 (-1.05%)
DOGE $0.09 (+0.05%)
ZEC $782.81 (-0.44%)
RAIN $0.02 (-2.37%)
LINK $11.55 (+0.94%)
LEO $9.30 (-0.05%)
XMR $439.93 (-0.82%)
ADA $0.21 (-1.56%)
XLM $0.18 (-1.24%)
BCH $267.93 (-0.75%)
CC $0.12 (-2.63%)
LTC $49.91 (-1.14%)
GRAM $1.39 (-3.15%)
HBAR $0.08 (-1.59%)

Pancakeswap Burns 6,945,320 CAKE Tokens This Week

Share on X icon · Published 3년 전 on December 6, 2022 · Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,945,320 CAKE tokens (worth $28 million) this week.

Pancakeswap Burns 6,945,320 CAKE Tokens This Week

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,945,320 CAKE tokens (worth $28 million) this week. The decentralized exchange generated $781k (192k CAKE tokens) in trading fees for its Swap and Perpetual market. The Predictions and Lottery markets generated 70k CAKE ($287k) and 31k CAKE ($126k), respectively. The NFT marketplace generated 623 CAKE ($3k).

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 2% today and is currently trading at $3.963.

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