BTC $66,441.00 (-1.54%)
ETH $1,954.72 (-1.82%)
XRP $1.42 (-3.66%)
BNB $604.43 (-2.12%)
SOL $81.53 (-4.22%)
TRX $0.28 (-1.18%)
DOGE $0.10 (-2.09%)
BCH $556.82 (-1.12%)
ADA $0.27 (-2.61%)
LEO $8.52 (-1.88%)
HYPE $28.63 (-3.26%)
CC $0.17 (+0.22%)
XMR $330.28 (-0.73%)
LINK $8.60 (-2.59%)
XLM $0.16 (-2.65%)
RAIN $0.01 (-2.19%)
ZEC $263.91 (-10.93%)
HBAR $0.10 (-2.85%)
LTC $53.30 (-1.15%)
AVAX $8.85 (-3.12%)
Back to News

Pancakeswap Burns Another $21 Million Worth Of CAKE Tokens

Twitter icon  •  Published 3 years ago on July 12, 2022  •  Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,893,057 CAKE tokens (worth $21 million) this week.

Pancakeswap Burns Another $21 Million Worth Of CAKE Tokens

The Pancakeswap team told its community via Twitter on Monday that it has burned 6,893,057 CAKE tokens (worth $21 million) this week. The decentralized exchange generated $1 million (215k CAKE tokens) in trading fees for its Spot and Perpetual market and $13k (4k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 152k CAKE ($459k) and 47k CAKE ($141k), 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 more than 3% today and is currently trading at $3.150

Peter Thiel's Founders Fund Dumps ETHZilla Stake as Ether Treasury Companies Face Pressure
Next article Peter Thiel's Founders Fund Dumps ETHZilla Stake as Ether Treasury Companies Face Pressure

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