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Pancakeswap Burns 7,072,029 CAKE Tokens Last Week

Hassan Maishera - Cryptowisser
2022-09-20 15:02
The Pancakeswap team told its community via Twitter on Monday that it has burned 7,072,029 CAKE tokens (worth $30 million) last week. The decentralized exchange generated $1.52 million (361k CAKE tokens) in trading fees for its Swap and Perpetual market and $9k (2k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 76k CAKE ($319k) and 44k CAKE ($184k), respectively.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by more than 1.2% today and is currently trading at $4.356.
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