Hassan Maishera
On Monday, the Pancakeswap team told its community via X that it had a deflation of 705k CAKE ($1.18M). The deflation figure comes after AMM V2 burned 208k CAKE ($347k), up 52%, and AMM V3 destroyed 612k CAKE ($1.02M), down 4%. Other Sources (Prediction, Perpetual, etc.) burned 103k CAKE ($172k), up 13%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 8% today and is currently trading at $1.745.
