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Pancakeswap Burns 6,945,320 CAKE Tokens This Week

Hassan Maishera - Cryptowisser
2022-12-06 07:59
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The Pancakeswap team told its community via Twitter on Monday that it has burned 6,945,320 CAKE tokens (worth $28 million) this week. The decentralized exchange generated $781k (192k CAKE tokens) in trading fees for its Swap and Perpetual market. The Predictions and Lottery markets generated 70k CAKE ($287k) and 31k CAKE ($126k), respectively. The NFT marketplace generated 623 CAKE ($3k).
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens.
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