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 Infinity Security AMA with Leading Audit Firms
PancakeSwap is hosting a security-focused AMA on June 5th at 13:00 UTC featuring representatives from three prominent audit firms: Hexens, Zellic, and Cyfrin Audits. The session will explore: - Security architecture of PancakeSwap Infinity - Key lessons learned during development - Essential DeFi safety practices - Insights from the audit process This follows their previous Infinity AMA from May 12th, now focusing specifically on security measures. Watch live: [YouTube Stream](https://www.youtube.com/watch?v=w6SliIypyfw)
PancakeSwap Achieves Record-Breaking $173B Monthly Volume
PancakeSwap has reached a significant milestone with $173 billion in monthly trading volume, showcasing the growing adoption of accessible DeFi platforms. - Base network performance notably strong, jumping from $467M to $1.19B monthly volume - Represents a $727M increase and new monthly ATH on Base - Platform demonstrates success across multiple chains The growth highlights increasing mainstream acceptance of decentralized trading platforms when made user-friendly and accessible. [Read full report on The Defiant](https://thedefiant.io/news/defi/pancakeswap-hits-record-usd173-billion-in-monthly-volume)
PancakeSwap Enhances Liquidity Page with Comprehensive Pool Display
PancakeSwap has rolled out significant updates to its Liquidity page, now displaying all active liquidity pools instead of just Farms. Key improvements include: - Enhanced search functionality for pools using token address, name, pool type, and features - Complete visibility of trending and new tokens - Streamlined token search on Swap page covering all active liquidity pools These updates aim to simplify the process of finding and managing liquidity pools while improving the overall trading experience.
PancakeSwap's Meme2Million Campaign Burns $615K in Trading Fees
PancakeSwap's Meme2Million: Burn to Rise campaign has concluded with significant results: - 39 memecoins achieved $1M+ market cap - Total of $615,000 in trading fees burned - Campaign demonstrated successful token burn mechanics This follows a record-breaking month at their in-game marketplace with: - Trading volume: 2.83M - Burn fees: 123,142 - Monthly burn rate: 0.75% of circulating supply For detailed information, visit the [full recap](https://blog.pancakeswap.finance/articles/meme2-million-burn-to-rise-campaign-concludes)
PancakeSwap Hosts First Indonesian Meetup in Jakarta
PancakeSwap held its inaugural Indonesian community meetup in Jakarta on May 30th, 2025. The 4-hour event brought together DeFi enthusiasts and crypto community members from 2PM to 6PM. - Free merchandise distributed to attendees - Interactive DeFi discussions and networking - Games and community activities The event marks PancakeSwap's first physical presence in the Indonesian market, signaling growing interest in Southeast Asian DeFi adoption.