PancakeSwap Burns 44.​7M CAKE Tokens, Hits $96B Base Volume

🔥 44M tokens vanish

By PancakeSwap
Mar 12, 2026, 2:58 PM
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PancakeSwap marked its 30th consecutive month of reducing CAKE supply, with a cumulative 44.​7 million tokens burned.​ The platform processed over $96 billion in trading volume on Base, with the cbBTC-WETH pool leading activity.​

Key developments:

  • Stablecoin fee Treasury proposal approved and implemented
  • CAKE.​PAD Mini App launched on Base App
  • LP dashboard revamped for improved position tracking
  • Participated in Consensus Hong Kong events on Solana and BNB Chain

The supply reduction continues a trend from January, when the community voted to lower CAKE's max supply from 450M to 400M tokens.​

Sources

Monthly Recap: February A new proposal passed, $96B+ in Base volume, a revamped LP dashboard, CAKE.PAD goes live on Base App, and Consensus Hong Kong. Highlights 👇 • 30th consecutive month of net CAKE supply reduction with a cumulative -44,788,821 CAKE burned • Stablecoin

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