Hassan Maishera
On Monday, the Pancakeswap team told its community via X that it had a deflation of 508k CAKE ($984k). The deflation figure comes after AMM V2 burned 183k CAKE ($354k), up 15%, and AMM V3 destroyed 426k CAKE ($825k), down 21%. Other Sources (Prediction, Perpetual, etc.) burned 79k CAKE ($152k), up 4%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 2% today and is currently trading at $1.992.
