🔥 PancakeSwap just accelerated its supply-reduction engine.
@PancakeSwap burned 365,000 $CAKE worth approximately $690K over the past week, marking a 27% increase in its weekly burn.
But the bigger story is the net supply impact.
214,000 CAKE removed from circulation after accounting for new token issuance.
Here's where the burns came from:
• V2 trading pools: 154,000 CAKE • V3 trading pools: 171,000 CAKE • Infinity pools: 10,700 CAKE
$CAKE is trading around $1.87, with approximately 340M tokens in total supply against a 400M supply cap.
The takeaway?
PancakeSwap's trading activity is translating into meaningful supply reduction.
If demand holds while net issuance remains negative, the tokenomics become increasingly interesting for long-term investors.
Real usage. Real burns. A shrinking supply.
The deflationary narrative is heating up. 🥞
@PancakeSwap burned 365,000 $CAKE worth approximately $690K over the past week, marking a 27% increase in its weekly burn.
But the bigger story is the net supply impact.
214,000 CAKE removed from circulation after accounting for new token issuance.
Here's where the burns came from:
• V2 trading pools: 154,000 CAKE • V3 trading pools: 171,000 CAKE • Infinity pools: 10,700 CAKE
$CAKE is trading around $1.87, with approximately 340M tokens in total supply against a 400M supply cap.
The takeaway?
PancakeSwap's trading activity is translating into meaningful supply reduction.
If demand holds while net issuance remains negative, the tokenomics become increasingly interesting for long-term investors.
Real usage. Real burns. A shrinking supply.
The deflationary narrative is heating up. 🥞
