Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 513k CAKE ($1.4M). The deflation figure comes after AMM V2 burned 167k CAKE ($460k), up 41%, and AMM V3 destroyed 427k CAKE ($1.18M), down 17%. AMM Infinity also destroyed 2.1k CAKE ($5.9k). Other Sources (Prediction, Perpetual, etc.) burned 67k CAKE ($183k), down 16%.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 3.47% today and is currently trading at $2.861.
