PancakeSwap Burns Over $40 Million Worth of CAKE Tokens
PancakeSwap Burns Over $40 Million Worth of CAKE Tokens
🔥 Massive CAKE Burn - Millions Gone!
PancakeSwap, a leading decentralized exchange, has burned 9,122,074 CAKE tokens, worth approximately $40 million. The burn was facilitated through various platform activities, including trading fees from the Automated Market Maker (AMM) V2 and V3, prediction markets, lottery, and non-fungible token (NFT) sales. The trading fees from AMM V2 contributed 178,000 CAKE tokens ($781,000), a 46% increase from the previous week, while AMM V3 trading fees accounted for 179,000 CAKE tokens ($783,000), a 9% decrease. The prediction market generated 38,000 CAKE tokens ($167,000), a 16% decrease, and the lottery contributed 28,000 CAKE tokens ($123,000), a 25% increase. NFT sales added 700 CAKE tokens ($3,000), a 20% increase. The burn is part of PancakeSwap's tokenomics and is aimed at reducing the circulating supply of CAKE tokens.
🔥 9,122,074 $CAKE just burned - that’s $40M! 💰 Trading fees (AMM V2): 178k CAKE ($781k) +46% 💰 Trading fees (AMM V3): 179k CAKE ($783k) -9% 💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 0.4k CAKE ($2k) -67% 🔮 Prediction: 38k CAKE ($167k) -16% 🎟️ Lottery:
PancakeSwap Achieves 27 Consecutive Months of CAKE Supply Reduction
**PancakeSwap continues deflationary streak** with 27 straight months of net CAKE supply reduction in November. **Key November highlights:** - Burned 4.47M CAKE tokens while minting only 652K - Net reduction of 3.82M tokens (-1.086% of total supply) - Deflation driven by trading fees, lottery, predictions, and CAKE.PAD **Platform expansion:** - Launched on Monad network with faster trades and lower fees - Added v2 + v3 liquidity provisioning - Integrated Zap feature in Infinity for one-click liquidity **Global community growth:** - Hosted meetups in Nigeria, Hong Kong, and Vietnam - Over 300 attendees across three events The sustained token burn demonstrates PancakeSwap's commitment to creating deflationary tokenomics through platform utility.
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).
New BGSC Syrup Pool Launch on PancakeSwap
PancakeSwap has launched a new Syrup Pool featuring $BGSC (Bugscoin). - Users can now stake their CAKE tokens to earn $BGSC rewards - Pool is accessible via [PancakeSwap's pool interface](http://pancakeswap.finance/pools) This follows recent successful pool launches including the $BFG pool from BetFury Gaming. As with all Syrup Pools, early participants typically benefit from higher initial APR rates.