Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 551k CAKE ($1.17M). The deflation figure comes after AMM V2 burned 154k CAKE ($329k), up 46%, and AMM V3 destroyed 459k CAKE ($977k), up 30%. Other Sources (Prediction, Perpetual, etc.) burned 85k CAKE ($182k), up 25%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 4.3% today and is currently trading at $2.393.
