Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 610k CAKE ($1.39M). The deflation figure comes after AMM V2 burned 163k CAKE ($371k), up 7%, and AMM V3 destroyed 525k CAKE ($1.20M), up 5%. AMM Infinity also destroyed 2.3k CAKE ($5.3k). Other Sources (Prediction, Perpetual, etc.) burned 73k CAKE ($167k) -11%, 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 up 2.1% today and is currently trading at $2.297.
