Vavada Banner
BTC $78,082.00 (+0.70%)
ETH $2,331.00 (+0.70%)
XRP $1.43 (-0.30%)
BNB $632.59 (-0.73%)
SOL $86.56 (+0.44%)
TRX $0.32 (-0.03%)
DOGE $0.10 (+0.13%)
HYPE $41.51 (+1.04%)
LEO $10.28 (+0.27%)
ADA $0.25 (+0.25%)
BCH $454.27 (-0.14%)
XMR $376.42 (+2.01%)
LINK $9.40 (-0.05%)
ZEC $357.13 (+0.72%)
CC $0.15 (-1.94%)
XLM $0.17 (-2.11%)
M $4.32 (+3.63%)
LTC $56.14 (-0.52%)
AVAX $9.42 (+0.03%)
HBAR $0.09 (+1.19%)

Pancakeswap Burns Additional 8,927,968 CAKE Tokens this Week

Twitter icon  •  Published 2 years ago on April 23, 2024  •  Hassan Maishera

The Pancakeswap team told its community via X on Monday that it has burned 8,927,968 CAKE tokens (worth $27 million) this week.

Pancakeswap Burns Additional 8,927,968 CAKE Tokens this Week

The Pancakeswap team told its community via X on Monday that it has burned 8,927,968 CAKE tokens (worth $27 million) this week. The decentralized exchange generated 134k CAKE ($403k) in trading fees for its V2 Swap and Perpetual market, down by 29% from the previous week. Pancakeswap also generated 143k CAKE ($432k) for V3, up by 58%. The Predictions and Lottery markets generated 53k CAKE ($159k) and 23k CAKE ($70k), respectively. The NFT marketplace generated 400 CAKE ($1k), down by 30% 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 less than 1% today and is currently trading at $3.007.

REAL Partners With RWA Inc. to Advance Infrastructure for Tokenized Real-World Assets
Next article REAL Partners With RWA Inc. to Advance Infrastructure for Tokenized Real-World Assets
OKX Banner

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
OKX Banner