Hassan Maishera
On Monday, the Pancakeswap team told its community via X that it had a deflation of 531k CAKE ($1.14M). The deflation figure comes after AMM V2 burned 160k CAKE ($342k), down 7%, and AMM V3 destroyed 539k CAKE ($1.15M), down 4%. Other Sources (Prediction, Perpetual, etc.) burned 75k CAKE ($161k), up 20%.
Pancakeswap added that they have also launched the CAKE Burn Dashboard. This will allow tracking CAKE stats all in one place, including CAKE Burn, CAKE Emissions, CAKE Deflation, and more.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 3% today and is currently trading at $2.085.
