Hassan Maishera
On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 565k CAKE ($1.47M). The deflation figure comes after AMM V2 burned 119k CAKE ($309k), down 0%, and AMM V3 destroyed 517k CAKE ($1.35M)), down 8%. AMM Infinity also destroyed 3.7k CAKE ($9.6k). Other Sources (Prediction, Perpetual, etc.) burned 79k CAKE ($205k), up 10%.
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% today and is currently trading at $2.623.
