OKX Banner
BTC $78,832.00 (-0.30%)
ETH $2,493.85 (+1.03%)
BNB $701.95 (+0.78%)
XRP $1.41 (-2.76%)
SOL $101.24 (+4.21%)
TRX $0.33 (-0.99%)
HYPE $80.97 (-1.15%)
DOGE $0.09 (+0.18%)
ZEC $779.89 (-0.94%)
RAIN $0.02 (-2.34%)
LINK $11.55 (+0.86%)
LEO $9.27 (-0.43%)
XMR $441.14 (-0.44%)
ADA $0.21 (-0.91%)
XLM $0.18 (-0.91%)
BCH $266.44 (-0.17%)
CC $0.12 (-2.43%)
LTC $49.99 (-0.77%)
GRAM $1.40 (-2.74%)
HBAR $0.08 (-1.47%)

Pancakeswap Burns 6,945,974 CAKE Tokens

Share on X icon · Published 4年前 on August 2, 2022 · Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,945,974 CAKE tokens (worth $27 million) this week.

Pancakeswap Burns 6,945,974 CAKE Tokens

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,945,974 CAKE tokens (worth $27 million) this week. The decentralized exchange generated $2 million (413k CAKE tokens) in trading fees for its Spot and Perpetual market and $7k (2k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 108k CAKE ($426k) and 27k CAKE ($105k), respectively. 

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 6% today and is currently trading at $3.714.

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