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PancakeSwap: CAKE supply decreased by 472,000 in April, which has been decreasing for 8 consecutive months

CointimeCointime2024/05/09 04:55
By:Cointime

PancakeSwap announced that as of May 6, 2024, they have successfully burned 0.123% of the total supply of CAKE, marking eight consecutive months of decreasing total supply, with 2,575,069 CAKE tokens being destroyed.In April 2024, PancakeSwap had a net mint of -472,010 tokens. This negative net mint indicates that more CAKE tokens were burned than minted during that month.

0

Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.

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