Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 576k CAKE ($1.34M). The deflation figure comes after AMM V2 burned 154k CAKE ($358k), down 16%, and AMM V3 destroyed 492k CAKE ($1.15M), up 8%. Other Sources (Prediction, Perpetual, etc.) burned 83k CAKE ($194k), up 18%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 4.8% today and is currently trading at $2.572.
