Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 516k CAKE ($1.27M). The deflation figure comes after AMM V2 burned 309k CAKE ($761k), up 100%, and AMM V3 destroyed 286k CAKE ($704k), down 38%. Other Sources (Prediction, Perpetual, etc.) burned 77k CAKE ($190k), down 10%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 4.9% today and is currently trading at $2.806.
