Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 518k CAKE ($1.28M). The deflation figure comes after AMM V2 burned 123k CAKE ($303k), down 25%, and AMM V3 destroyed 479k CAKE ($1.18M), down 09%. AMM Infinity also destroyed 2.7k CAKE ($6.6k). Other Sources (Prediction, Perpetual, etc.) burned 65k CAKE ($160k), down 11%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 3.6% today and is currently trading at $2.362.
