OKX Banner
BTC $64,357.00 (+0.40%)
ETH $1,911.95 (+1.00%)
BNB $601.54 (-0.20%)
XRP $1.00 (+1.00%)
SOL $76.97 (+1.90%)
TRX $0.33 (+0.30%)
HYPE $58.64 (-1.20%)
DOGE $0.07 (+0.30%)
RAIN $0.01 (-0.10%)
ZEC $504.09 (-0.70%)
LEO $9.23 (-2.40%)
XMR $410.35 (-0.80%)
LINK $9.62 (+1.90%)
ADA $0.18 (+1.10%)
XLM $0.16 (+0.90%)
BCH $203.14 (+0.10%)
GRAM $1.32 (+0.70%)
CC $0.09 (-1.20%)
USDG $1.00 (+0.00%)
LTC $44.43 (+0.20%)

Pancakeswap Burns 8,180,543 CAKE Tokens This Week

Share on X icon · Published 2 years ago on January 3, 2024 · Hassan Maishera

The Pancakeswap team told its community via X (formerly Twitter) on Monday that it has burned 8,180,543 CAKE tokens (worth $29 million) this week.

Pancakeswap Burns 8,180,543 CAKE Tokens This Week

The Pancakeswap team told its community via X (formerly Twitter) on Monday that it has burned 8,180,543 CAKE tokens (worth $29 million) this week. The decentralized exchange generated 124k CAKE ($443k) in trading fees for its V2 Swap and Perpetual market, down by 6% from the previous week. Pancakeswap also generated 128k CAKE ($457k for V3, up by 63%. The Predictions and Lottery markets generated 35k CAKE ($125k) and 25k CAKE ($88k)), respectively. The NFT marketplace generated 7k CAKE ($3k), up by 42% 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 1% today and is currently trading at $3.537.

Bitcoin Tops $64K as Listed Miners Cut Power 21% for AI
Next article Bitcoin Tops $64K as Listed Miners Cut Power 21% for AI
OKX Banner

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
Follow us on Google News
Cybet Banner
OKX Banner