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 ($167k) -16% 🎟️ Lottery:
Backpack Token Withdrawals Now Open, PancakeSwap Liquidity Pools Launch
**$BP Token Now Withdrawable** Backpack has opened withdrawals for its $BP token, allowing users to provide liquidity on PancakeSwap. **Key Features:** - Liquidity providers can earn 1% trading fees - Additional CAKE token incentives available - BP/SOL and BP/USDC pools launching once BP goes live on Solana Users can now actively participate in DeFi activities with their BP tokens through PancakeSwap's liquidity pools across multiple chains.
PancakeSwap Expands to 250+ Tokenized Assets Including ETFs and Stocks
**PancakeSwap now offers 250+ tokenized real-world assets on BNB Chain**, powered by Ondo Finance. The platform added 60+ new assets including: - Crypto spot ETFs - Commodity ETFs - Global equity ETFs - Individual stocks across AI, clean energy, defense, biotech, and industrial sectors This expansion builds on the platform's existing 200+ tokenized RWAs, including gold (GLDon) and silver (SLVon) tokens. All trades remain **fee-free**.
PancakeSwap Hits $100B Volume Milestone on Base
PancakeSwap has officially surpassed **$100 billion in total trading volume** on Base, processing over 157,000 transactions. This milestone comes just one month after the platform reached $90B in volume on the network. **Key achievements on Base:** - Operates the #1 volume pool (cbBTC-WETH) with $100M+ in 24-hour trading - WETH-USDC pool leads all Base DEXs with $78.8M daily volume - PancakeSwap X integration provides deeper liquidity and zero gas swaps on select pairs The platform's broader PancakeSwap Infinity product has accumulated $100B in volume across all chains in just 10 months, serving over 4.4 million users. The team emphasized their focus on continued development alongside builders, liquidity providers, and the growing community.
PancakeSwap Distributes 40,000 OP Tokens Across Base Network Liquidity Pools
PancakeSwap has allocated 40,000 OP tokens as incentives across multiple liquidity pools on the Base network. The distribution targets several stablecoin and wrapped asset pairs including: - EURC-USDC - cbBTC-USDC - DAI-USDC - Additional Base pools Liquidity providers can now earn enhanced yields by participating in these pools. The incentive program is powered by Brevis ZK's Incentra platform. This follows recent incentive distributions including 20,000 OP tokens across 14 Base pools earlier this month, and 18 Monad pools offering yields exceeding 700% APR. [Participate in Base pool incentives](https://incentra.brevis.network/?chainid=8453&type=3&status=4)
PancakeSwap Infinity Introduces Programmable Hooks for Custom Pool Behavior
**PancakeSwap Infinity** now enables developers to program pool behavior directly through **Hooks**. **Key Features:** - Dynamic fee structures - Limit order functionality - Automated trading strategies - Custom reward mechanisms The system operates **permissionlessly**, allowing builders to implement any logic or use case without restrictions. This opens up unlimited possibilities for creating and trading on customized terms. Hooks represent a significant expansion of DeFi infrastructure, giving developers granular control over liquidity pool mechanics while maintaining the platform's decentralized nature.