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Pancakeswap Burns 6,827,850 CAKE Tokens This Week

Hassan Maishera - Cryptowisser
2022-11-29 07:47
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The Pancakeswap team told its community via Twitter on Monday that it has burned 6,827,850 CAKE tokens (worth $27 million) this week. The decentralized exchange generated $1 million (356k CAKE tokens) in trading fees for its Swap and Perpetual market. The Predictions and Lottery markets generated 59k CAKE ($229k) and 43k CAKE ($168k), respectively. The NFT marketplace generated 469 CAKE ($2k).
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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