BTC $66,830.00 (-1.08%)
ETH $1,956.09 (-1.28%)
XRP $1.37 (-1.69%)
BNB $600.17 (-2.34%)
SOL $79.96 (-2.03%)
TRX $0.28 (-0.16%)
DOGE $0.09 (+0.36%)
BCH $523.36 (+2.51%)
ADA $0.26 (-0.70%)
LEO $8.28 (-2.12%)
HYPE $30.42 (-1.17%)
XMR $339.42 (-0.16%)
CC $0.16 (-6.27%)
LINK $8.44 (-0.60%)
XLM $0.16 (-1.44%)
LTC $53.28 (-0.20%)
HBAR $0.09 (-1.74%)
ZEC $233.19 (-1.29%)
AVAX $8.88 (0.00%)
SHIB $0.00 (-0.30%)
Back to News

Pancakeswap Burns 7,675,532 CAKE Tokens this Week

Twitter icon  •  Published 1 year ago on June 25, 2024  •  Hassan Maishera

The Pancakeswap team told its community via X on Monday that it has burned 7,675,532 CAKE tokens (worth $16 million) this week.

Pancakeswap Burns 7,675,532 CAKE Tokens this Week

The Pancakeswap team told its community via X on Monday that it has burned 7,675,532 CAKE tokens (worth $16 million) this week. The decentralized exchange generated 147k CAKE ($312k) in trading fees for its V2 Swap and Perpetual market, up 56% from the previous week. Pancakeswap also generated 79k CAKE ($167k), down by 36%. The Predictions and Lottery markets generated 43k CAKE ($92k) and 33k CAKE ($69k), respectively. The NFT marketplace generated 2300 CAKE ($5k), up 119% from last week.

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 $2.146.

Coinbase Records $667M Loss in Q4 Amid Market Slump
Next article Coinbase Records $667M Loss in Q4 Amid Market Slump

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