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PancakeSwap: The supply of CAKE decreased by 472,000 in April, marking the eighth consecutive month of reduction

Bitget2024/05/09 05:08

The official announcement from PancakeSwap states that as of May 6, 2024, PancakeSwap has successfully destroyed 0.123% of the total CAKE supply, marking eight consecutive months of reduction in the total CAKE supply with a decrease of 2,575,069 CAKE tokens. In April 2024, the net minting amount for PancakeSwap was -472,010. This negative net minting indicates that more CAKE tokens were destroyed than minted during that month.

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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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