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TechFlow news — PancakeSwap announced that as of May 6, 2024, it has successfully burned 0.123% of the total CAKE supply, marking eight consecutive months of declining CAKE supply, with a total reduction of 2,575,069 CAKE tokens.
In April 2024, PancakeSwap's net minting was -472,010 CAKE. This negative net minting indicates that more CAKE tokens were burned than minted during the month.
PancakeSwap officially announced that, as of May 6, 2024, a total of 0.123% of the CAKE's total supply has been successfully burned, marking eight consecutive months of reduction in the CAKE total supply, amounting to 2,575,069 CAKE tokens. In April 2024, PancakeSwap recorded a net minting of -472,010 CAKE. This negative net minting indicates that more CAKE tokens were burned than minted during the month.
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