OKX Banner
BTC $77,210.00 (+0.60%)
ETH $2,436.92 (+1.50%)
BNB $696.16 (+1.20%)
XRP $1.47 (+2.40%)
SOL $94.17 (+1.60%)
TRX $0.34 (-0.20%)
HYPE $80.42 (+2.70%)
DOGE $0.09 (+0.50%)
ZEC $832.64 (+4.20%)
RAIN $0.01 (-0.30%)
LEO $9.35 (+1.00%)
LINK $11.36 (-1.30%)
ADA $0.22 (-0.90%)
XMR $415.90 (-3.40%)
XLM $0.19 (+0.80%)
BCH $271.61 (+0.40%)
CC $0.12 (+1.60%)
GRAM $1.47 (+3.20%)
LTC $51.62 (-0.80%)
HBAR $0.08 (+2.20%)

Pancakeswap Burns Additional 9,219,752 CAKE Tokens this Week

Share on X icon · Published 2 years ago on April 16, 2024 · Hassan Maishera

The Pancakeswap team told its community via X on Monday that it has burned 9,219,752 CAKE tokens (worth $27 million) this week.

Pancakeswap Burns Additional 9,219,752 CAKE Tokens this Week

The Pancakeswap team told its community via X on Monday that it has burned 9,219,752 CAKE tokens (worth $27 million) this week. The decentralized exchange generated 189k CAKE ($564k) in trading fees for its V2 Swap and Perpetual market, up by 64% from the previous week. Pancakeswap also generated 91k CAKE ($271k)) for V3, down by 8%. The Predictions and Lottery markets generated 48k CAKE ($142k) and 28k CAKE ($85k), respectively. The NFT marketplace generated 500 CAKE ($2k), down by 86% 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 5% today and is currently trading at $2.654.

Ondo's Yield-Bearing USDY Token Expands to Binance Wallet
Next article Ondo's Yield-Bearing USDY Token Expands to Binance Wallet

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