OKX Banner
BTC $78,737.00 (-0.81%)
ETH $2,482.97 (-0.31%)
BNB $700.36 (-0.82%)
XRP $1.40 (-3.22%)
SOL $104.02 (-1.29%)
TRX $0.34 (+0.78%)
HYPE $83.01 (+0.53%)
DOGE $0.09 (-2.25%)
ZEC $786.71 (-0.35%)
RAIN $0.02 (+1.08%)
XMR $469.15 (+2.55%)
LINK $11.63 (-0.89%)
LEO $9.45 (+1.15%)
ADA $0.21 (-3.66%)
XLM $0.18 (-2.59%)
BCH $254.10 (-5.48%)
CC $0.11 (-4.22%)
GRAM $1.39 (-0.51%)
LTC $48.70 (-2.28%)
HBAR $0.08 (-2.50%)

Pancakeswap Burns 7,040,800 CAKE Tokens

Share on X icon · Published 4년 전 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.

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