Key Notes PancakeSwap just completed a more than 8.9 million CAKE burn. This process removes the token from circulating, creating scarcity that can impact price rallies. PancakeSwap is innovating with new tools to boost retail participation. Multi-chain decentralized exchange (DEX) PancakeSwap has announced a huge token burn. Taking to the X platform, PancakeSwap said it has successfully burned $19 million …
Read More »PancakeSwap burns CAKE worth $19m
PancakeSwap, the multi-chain decentralized exchange, has successfully burned 9 million of the native token CAKE. The DEX platform, available across multiple chains, including BNB Chain, Ethereum, Aptos, Base, Arbitrum, and Linea, announced the token burn on Jan. 13. PancakeSwap (CAKE) has performed similar actions multiple times in the past, as part of its efforts to manage CAKE supply. According to …
Read More »PancakeSwap Closes 2024 With $310B Trading Volume
Key Notes Arbitrum and Base dominate PancakeSwap’s growth, with over 3,500% YoY increase on each network. Platform ranks second among DEXs with $2.23B daily volume, behind only Uniswap. New SpringBoard feature enables code-free token launches, driving record single-day volume of $1.27B. PancakeSwap is closing 2024 with a $310 billion cryptocurrency trading volume. This figure is triggered by the growing interest …
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