Hassan Maishera
On Monday, the Pancakeswap team told its community via X that it had a deflation of 557k CAKE ($1.04M). The deflation figure comes after AMM V2 burned 134k CAKE ($251k), down 36%, and AMM V3 destroyed 599k CAKE ($1.12M), down 2%. Other Sources (Prediction, Perpetual, etc.) burned 97k CAKE ($181k), down 6%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 2% today and is currently trading at $1.849.
