BTC $68,703.00 (-2.24%)
ETH $1,971.79 (-4.39%)
XRP $1.47 (-10.28%)
BNB $613.50 (-2.63%)
SOL $85.28 (-4.64%)
TRX $0.28 (-0.66%)
DOGE $0.10 (-10.23%)
BCH $556.84 (-0.09%)
ADA $0.28 (-4.87%)
LEO $8.50 (+1.08%)
HYPE $29.78 (-3.39%)
LINK $8.79 (-3.34%)
CC $0.16 (+0.13%)
XMR $319.78 (-7.74%)
XLM $0.17 (-7.12%)
ZEC $284.95 (-6.57%)
HBAR $0.10 (-4.33%)
LTC $54.33 (-2.19%)
AVAX $9.27 (-2.97%)
SHIB $0.00 (-3.37%)
Back to News

Pancakeswap Burns 7,040,800 CAKE Tokens

Twitter icon  •  Published 3 years ago on August 9, 2022  •  Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 7,040,800 CAKE tokens (worth $32 million) this week.

Pancakeswap Burns 7,040,800 CAKE Tokens

The Pancakeswap team told its community via Twitter on Monday that it has burned 7,040,800 CAKE tokens (worth $32 million) this week. The decentralized exchange generated $2 million (439k CAKE tokens) in trading fees for its Spot and Perpetual market and $45k (10k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 117k CAKE ($532k) and 41k CAKE ($186k), 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 1% today and is currently trading at $4.461.

Animoca Brands Secures Dubai Crypto License to Expand Middle East Operations
Next article Animoca Brands Secures Dubai Crypto License to Expand Middle East Operations

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