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 Launches Zap Feature on Infinity Pools for Simplified Liquidity Provision
**PancakeSwap has launched its Zap feature on Infinity pools**, allowing users to add liquidity using any single token. The new functionality automatically swaps tokens to the required balances and provides liquidity to desired pools, eliminating the need for users to manually balance token pairs. **Key features:** - Add liquidity with any token - Auto-swap to required token balances - Currently available on CLAMM Infinity pools - Works with pools without hooks This update simplifies the liquidity provision process by removing the complexity of managing multiple token balances. Users no longer need to hold specific token pairs to participate in liquidity pools. [Learn more about Zap](https://docs.pancakeswap.finance/earn/pancakeswap-pools/zap)
PancakeSwap Dominates Base with $122M cbBTC/WETH Trading Volume
**PancakeSwap has emerged as the top protocol on Base** for cbBTC/WETH trading, processing an impressive $122 million in 24-hour volume. This milestone reinforces **Base's position as a leading chain** for major token trading. The cbBTC/WETH pair continues to attract significant liquidity and trader interest. - cbBTC paired with major tokens like USDC and WETH maintains strong market presence - Base consistently leads in trading volume for major cryptocurrency pairs - PancakeSwap's multi-chain strategy proves effective across various networks The high trading volume indicates **growing institutional and retail interest** in Bitcoin-backed assets on Layer 2 solutions. [View live trading data](https://www.geckoterminal.com/base/pools/0xc211e1f853a898bd1302385ccde55f33a8c4b3f3)
🥞 CoinMarketCap Launches CMC20 Index Token on PancakeSwap
**CMC20**, a new tradable index token, is now available on **PancakeSwap** through BNB Chain. Built by **CoinMarketCap** and **Reserve Protocol**, CMC20 provides exposure to the **top 20 crypto assets** in a single token. Key features: - One-click access to diversified crypto portfolio - First tradable index token on BNB Chain - Potential for full integration into BNBFi ecosystem The launch represents a significant step toward simplified crypto investing, allowing users to gain broad market exposure without managing multiple individual tokens.
PancakeSwap Hosts USDD AMA on Decentralized Stablecoin Mechanisms
**PancakeSwap** is hosting a weekly AMA featuring **USDD** (@usddio) on November 18 at 7:00 AM UTC. The session will explore: - How crypto-backed, decentralized systems maintain USD pegs - Transparency improvements in DeFi protocols - USDD's role as a decentralized stablecoin The AMA will be hosted alongside @yvchiax and take place on PancakeSwap's Discord server. **Join the discussion** at [discord.gg/pancakeswap](http://discord.gg/pancakeswap) to learn about stablecoin mechanics and DeFi transparency.
PancakeSwap Highlights Binance Alpha Base Farms
**PancakeSwap Features Binance Alpha Base Edition Farms** PancakeSwap spotlights five new liquidity farming opportunities on Base network, all featuring Binance Alpha tokens paired with USDC: - **CYPR-USDC** - [Farm Link](https://pancakeswap.finance/liquidity/pool/base/0xf3fa2FaBc2D6174eE052D6b4Df04Df0A2424eB58) - **SAPIEN-USDC** - [Farm Link](https://pancakeswap.finance/liquidity/pool/base/0x225Ca8cF2CE1d643F65722a4C7c747A19442B8Ef) - **VFY-USDC** - [Farm Link](https://pancakeswap.finance/liquidity/pool/base/0xfeB6dF18A828d3952Ed634E357210ee06A06277D) - **RECALL-USDC** - [Farm Link](https://pancakeswap.finance/liquidity/pool/base/0xA5e1B9e1F2A951Fd6Dd904b90adb6BBe20Ef587B) - **AVNT-USDC** - [Farm Link](https://pancakeswap.finance/liquidity/pool/base/0xE5a710a5Ad8E6E666c2DE2416EC22cc14BDb8094) These farms represent the latest addition to PancakeSwap's weekly farming spotlight series. [Get farm updates on Telegram](https://t.me/pcsliquiditybuffet)