PancakeSwap Burns 1.46M CAKE Tokens Worth $3.71M This Week
PancakeSwap Burns 1.46M CAKE Tokens Worth $3.71M This Week
🔥 CAKE burns up
PancakeSwap burned 1.46M CAKE tokens valued at $3.71M this week, marking a 3% increase from the previous period.
Burn breakdown by platform:
- AMM v2: 538k CAKE ($1.37M) - down 20%
- AMM v3: 800k CAKE ($2.04M) - up 26%
- AMM Infinity: 24.7k CAKE ($62.9k) - up 39%
- Other sources: 94k CAKE ($239k) - down 5%
The protocol maintained a net mint of -1.28M CAKE (-$3.25M), indicating continued deflationary pressure.
AMM v3 led the burns with the highest volume, while v2 activity declined. The smaller AMM Infinity showed strong 39% growth.
🥞 Weekly CAKE Stats Net CAKE Mint: -1.28M CAKE (-$3.25M) Total Product Burns: 1.46M CAKE ($3.71M) +3% 🔥 Burn Breakdown: ➤ AMM v2: 538k CAKE ($1.37M) -20% ➤ AMM v3: 800k CAKE ($2.04M) +26% ➤ AMM Infinity: 24.7k CAKE ($62.9k) +39% ➤ Other Sources (Prediction, Perpetual,
🥞 Pancakes Meet DeFi
Hong Kong web3 community meetup scheduled for **November 22** brings together pancakes, DeFi discussions, and networking opportunities. **Featured Projects:** - Brevis ZK - B² Network - EnHeng456 - TinTinLand The casual gathering combines food with blockchain conversations in Hong Kong's growing crypto scene. **Event Details:** - Date: November 22 - Format: Community meetup - RSVP: [Register here](https://luma.com/80qgbv5j) Previous token giveaway concluded with **1,700 winners** receiving project tokens.
WhiteBridge Network CAKE.PAD Ends with $221M Committed, WBAI Now Trading
The **WhiteBridge Network CAKE.PAD** has officially concluded with massive participation: - **67,074,200 CAKE** ($221M) committed by users - **142,532% oversubscription** rate achieved - **67,074.2 CAKE** ($221K) will be burned **What's Next:** Participants can now: - Claim their **$WBAI tokens** from the launchpad - Receive **CAKE refunds** for excess commitments - Start **trading WBAI** on PancakeSwap The token launched at **$0.008** with a total pool of **20 million WBAI** tokens. The extreme oversubscription demonstrates strong community interest in WhiteBridge Network's AI-focused blockchain project. [Claim tokens and refunds](https://pancakeswap.finance/cakepad) | [Trade WBAI](https://pancakeswap.finance/swap?outputCurrency=0x635d44F246156ed1080CB470877256c847673f19)
PancakeSwap Launches AITECH Syrup Pool with $250K Birthday Trading Event
**PancakeSwap introduces new staking opportunity** with AITECH token integration. **Key Details:** - Stake $AITECH tokens to earn $CAKE rewards - Partnership with AITECHio, an exchange layer for compute, DePIN, AI, DeFAI & RWA sectors - Available through [PancakeSwap pools](https://pancakeswap.finance/pools) **Birthday Trading Party:** - $250,000 total prize pool celebration - ~$80,000 in $AITECH tokens available as rewards - [Join the trading event](https://pancakeswap.finance/swap?outputCurrency=0x2D060Ef4d6BF7f9e5edDe373Ab735513c0e4F944&chain=bsc) **What is AITECH?** AITECH operates as an exchange layer that powers various emerging sectors including artificial intelligence, decentralized physical infrastructure networks (DePIN), and real-world assets (RWA). *Explore the new staking pool and birthday celebration rewards on PancakeSwap today.*
PancakeSwap Launches Social Login with Live AMA Upcoming
PancakeSwap has introduced Social Login functionality, enabling users to connect using social media accounts including Google, Telegram, Discord, and X (Twitter). The feature implements non-custodial wallets with signless transactions. A live AMA session with Product Manager @chef_kcal is scheduled for August 5th at 12 PM UTC on [YouTube](http://youtube.com/watch?v=pxQcKWtm6W0) to explain the new features. Key Updates: - Non-custodial wallet integration - Signless transaction capability - Multiple social platform support - Live Q&A session upcoming Learn more about Social Login implementation in the [official blog post](http://blog.pancakeswap.finance/articles/sociallogin).