👋 Friends, I wish everyone a wonderful day. 🌞
🥞 The recent activity around PancakeSwap and $CAKE
has been drawing attention.
🚀 In the video I prepared for you, I talked about both the PancakeSwap ecosystem, the recent rise, and some of the developments that caught my attention behind this movement.
📈 Of course, it would not be right to attribute the rise in an asset’s price to a single development. However, I think PancakeSwap’s recent move beyond being just a traditional DEX and its expansion into bStocks and tokenized assets is quite important.
🏦 Through PancakeSwap, it is now possible to access tokenized U.S. stocks known as bStocks on-chain. In addition, on the Stock Terminal side, the ecosystem has reached more than 1,000 tokenized assets, including tokenized stocks, ETFs, commodities, and indices.
🔥 On the other side, the CAKE burn mechanism and deflationary structure that I have been highlighting for a long time are also continuing.
📊 In August, approximately 2.75 million CAKE were burned, while only 674 thousand CAKE were issued. As a result, the net supply decreased by approximately 2.07 million CAKE, and PancakeSwap extended the streak of months in which CAKE supply declined on a net basis to 36 months, or exactly 3 years.
💡 In my opinion, this is the main point to follow on the PancakeSwap side, friends. On one hand, it is trying to expand its use cases through RWA and tokenized assets, while on the other hand, it continues its token economy aimed at reducing the CAKE supply.
🎥 In the video, I explained the recent rise, the bStocks move, and how CAKE’s burn mechanism works in more detail.
👀 I will continue to follow the developments on the PancakeSwap side. Especially, it will be interesting to see how this expansion on the tokenized assets + DeFi side will reflect on the ecosystem in the coming period. 🥞🚀
⚠️ Important Note: #PancakeSwap
🔸 This post is not investment advice; it is for informational purposes only.
🥞 The recent activity around PancakeSwap and $CAKE
has been drawing attention.
🚀 In the video I prepared for you, I talked about both the PancakeSwap ecosystem, the recent rise, and some of the developments that caught my attention behind this movement.
📈 Of course, it would not be right to attribute the rise in an asset’s price to a single development. However, I think PancakeSwap’s recent move beyond being just a traditional DEX and its expansion into bStocks and tokenized assets is quite important.
🏦 Through PancakeSwap, it is now possible to access tokenized U.S. stocks known as bStocks on-chain. In addition, on the Stock Terminal side, the ecosystem has reached more than 1,000 tokenized assets, including tokenized stocks, ETFs, commodities, and indices.
🔥 On the other side, the CAKE burn mechanism and deflationary structure that I have been highlighting for a long time are also continuing.
📊 In August, approximately 2.75 million CAKE were burned, while only 674 thousand CAKE were issued. As a result, the net supply decreased by approximately 2.07 million CAKE, and PancakeSwap extended the streak of months in which CAKE supply declined on a net basis to 36 months, or exactly 3 years.
💡 In my opinion, this is the main point to follow on the PancakeSwap side, friends. On one hand, it is trying to expand its use cases through RWA and tokenized assets, while on the other hand, it continues its token economy aimed at reducing the CAKE supply.
🎥 In the video, I explained the recent rise, the bStocks move, and how CAKE’s burn mechanism works in more detail.
👀 I will continue to follow the developments on the PancakeSwap side. Especially, it will be interesting to see how this expansion on the tokenized assets + DeFi side will reflect on the ecosystem in the coming period. 🥞🚀
⚠️ Important Note: #PancakeSwap
🔸 This post is not investment advice; it is for informational purposes only.
