Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 646k CAKE ($1.54M). The deflation figure comes after AMM V2 burned 180k CAKE ($427k), up 17%, and AMM V3 destroyed 517k CAKE ($1.23M), up 5%. Other Sources (Prediction, Perpetual, etc.) burned 87k CAKE ($207k), up 4%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 1.1% today and is currently trading at $2.242.
