PancakeSwap Burns Over $25 Million Worth of CAKE Tokens
PancakeSwap Burns Over $25 Million Worth of CAKE Tokens
🔥 Massive CAKE Burn!
PancakeSwap, a leading decentralized exchange, has burned 8,924,466 CAKE tokens, worth approximately $25 million. The burn was fueled by trading fees from various platforms, including AMM V2 ($332k), AMM V3 ($448k), Perpetual and Position Manager ($1k), Prediction ($145k), Lottery ($69k), and NFT ($1k). Compared to the previous week, trading fees from AMM V2 decreased by 31%, while AMM V3 saw a 78% increase. The Prediction and Lottery platforms also experienced changes, with a 17% increase and a 27% decrease, respectively. The burn is part of PancakeSwap's token economics, which aims to maintain the value and scarcity of the CAKE token.
🔥 9,219,752 $CAKE just burned - that’s $27M! 💰 Trading fees (AMM V2): 189k CAKE ($564k) +64% 💰 Trading fees (AMM V3): 91k CAKE ($271k) -8% 🔮 Prediction: 48k CAKE ($142k) +20% 🎟️ Lottery: 28k CAKE ($85k) +51% 🔒 NFT: 0.5k CAKE ($2k) -86% % change from last week is in CAKE
🔥 8,924,466 $CAKE just burned - that’s $25M! 💰 Trading fees (AMM V2): 119k CAKE ($332k) -31% 💰 Trading fees (AMM V3): 160k CAKE ($448k) +78% 💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 0.2k CAKE ($1k) -29% 🔮 Prediction: 52k CAKE ($145k) +17% 🎟️ Lottery:
🔥 8,904,817 $CAKE just burned - that’s $24M! 💰 Trading fees (AMM V2): 171k CAKE ($457k) +28% 💰 Trading fees (AMM V3): 90k CAKE ($241k) -37% 💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 0.3k CAKE ($1k) -61% 🔮 Prediction: 44k CAKE ($119k) -16% 🎟️ Lottery:
🔥 8,927,968 $CAKE just burned - that’s $27M! 💰 Trading fees (AMM V2): 134k CAKE ($403k) -29% 💰 Trading fees (AMM V3): 143k CAKE ($432k) +58% 💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 0.9k CAKE ($3k) 🔮 Prediction: 53k CAKE ($159k) +11% 🎟️ Lottery: 23k
PancakeSwap Burns - Explanatory AMA
PancakeSwap hosted an AMA to explain their token burning mechanism and future plans: - Regular CAKE burns continue through trading fees and lottery - New burning mechanisms being explored to maintain token sustainability - Team addressing community concerns about inflation Key updates: - Burn rate adjustments planned for Q2 2024 - Integration with Magma protocol to enhance efficiency - Focus on sustainable tokenomics Community members can track burn statistics on [PancakeSwap Analytics](https://pancakeswap.finance/info)
Decentralized Science (DeSci) - A New Research Paradigm
Decentralized Science (DeSci) represents a transformation in scientific research using blockchain technology. The initiative aims to: - Make research more transparent and accessible - Enable direct funding through DAOs - Foster open collaboration among researchers - Remove traditional institutional barriers DeSci builds on similar principles as DeFi, using blockchain to democratize access to scientific research and funding. This could significantly impact how research is conducted, shared, and funded globally. Learn more: [PancakeSwap Blog](https://blog.pancakeswap.finance/articles/what-is-decentralized-science-de-sci-a-new-approach-to-scientific-research)
PancakeSwap Head Chef's Upcoming Speaking Engagements
PancakeSwap's Head Chef has a busy schedule of high-profile appearances: - **BSC News Interview**: Exclusive interview on March 28th at 1PM UTC - **Web3 Festival Events in Hong Kong**: - ZK Connect co-hosted event with Brevis (April 5th) - Keynote speech on DeFi and ZK technology (2:05-2:25 PM UTC+8) - Location: Soho House, Hong Kong - **Crypto Finance Forum**: - Keynote on PancakeSwap's DeFi innovations - April 6th, 10:05-10:20 AM UTC+8 - Stage 1 presentation [Web3 Festival Details](https://www.web3festival.org/hongkong2025) [ZK Connect Event Registration](https://lu.ma/z75uwkls)
PancakeSwap Adds New Trading Pairs to Perpetuals V2
PancakeSwap has expanded its Perpetuals V2 offering with several new trading pairs: - **$SIREN** (@genius_sirenBSC) - **$PARTI** (@ParticleNtwrk) - **MUBARAK** - **BANANAS31** All new pairs offer up to *25x leverage* on BNB Chain. In related news, 24,790 CAKE tokens were distributed to revenue-sharing pool participants. Trading is now available at [PancakeSwap Perpetuals](https://perp.pancakeswap.finance/en/futures/v2/BTCUSD?theme=light&chain=bsc) *Pool participants can claim rewards at [Cake Staking](https://pancakeswap.finance/cake-staking?chain=bsc)*
PancakeSwap Launches $50,000 Merlin Trading Competition
PancakeSwap has announced a new trading competition in partnership with Merlin Layer 2, running from March 26 to April 14. The prize pool includes: - $45,000 in tiered lucky prizes for web traders - $5,000 dedicated to Telegram Swap Bot traders Traders can participate by trading $MERL on PancakeSwap's platform. This competition follows their recent $75,000 EOS Network trading event. [Trade $MERL here](https://pancakeswap.finance/swap?inputCurrency=BNB&outputCurrency=0xa0c56a8c0692bD10B3fA8f8bA79Cf5332B7107F9) [Learn more about the competition](https://blog.pancakeswap.finance/articles/pancake-swap-x-merl-trading-competition-50-000-in-rewards)