Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 562k CAKE ($1.30M). The deflation figure comes after AMM V2 burned 83k CAKE ($424k), down 41%, and AMM V3 destroyed 457k CAKE ($1.06M), up 60%. Other Sources (Prediction, Perpetual, etc.) burned 71k CAKE ($164k), down 8%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 1.4% today and is currently trading at $2.422.
