This week, the CAKE token of the PancakeSwap ecosystem has shown a positive deflationary trend. Data shows that the net CAKE minting amount is -753,000 coins, worth approximately $2.72 million. Meanwhile, the various product lines have cumulatively burned 894,000 CAKE, amounting to $3.24 million, a decrease of 20% compared to last week.
The specific destruction details are as follows: 1. The Automated Market Maker (AMM) V2 version contributed to the destruction of 169,000 CAKE, worth $612,000, a year-on-year decrease of 37%. 2. The AMM V3 version performed outstandingly, destroying 642,000 CAKE, equivalent to approximately $2.32 million, with only a slight decline of 14%. 3. The AMM Infinity model has destroyed 6,200 CAKE, worth $22,600, with a significant decrease of 54%. 4. Other channels, including prediction markets and contract trading, have destroyed a total of 77,000 CAKE, valued at $277,000, with a relatively small decrease of 6%.
Overall, although the destruction data has declined to varying degrees, the total destruction of CAKE still exceeds the minting amount, which is beneficial for maintaining its deflationary attributes. The strong performance of AMM V3 is particularly noteworthy, showing user preference for this version. The future value trend of CAKE will continue to be influenced by these fundamental factors.
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HashBard
· 4h ago
lol classic cake... burning tokens like a medieval witch hunt but price still sleeps fr fr
Reply0
MonkeySeeMonkeyDo
· 4h ago
This data is beautiful in V3!
View OriginalReply0
MetaverseVagabond
· 4h ago
Deflation is a good thing, keep going.
View OriginalReply0
VirtualRichDream
· 4h ago
v3 is so powerful, it can surge forward.
View OriginalReply0
AmateurDAOWatcher
· 4h ago
To be honest, the data doesn't mean much.
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wRuyi
· 4h ago
A wolf in sheep's clothing
View OriginalReply0
BrokenDAO
· 4h ago
The data looks good for now, but the governance mechanism is always a hidden danger. Who can guarantee that malicious proposals won't arise?
This week, the CAKE token of the PancakeSwap ecosystem has shown a positive deflationary trend. Data shows that the net CAKE minting amount is -753,000 coins, worth approximately $2.72 million. Meanwhile, the various product lines have cumulatively burned 894,000 CAKE, amounting to $3.24 million, a decrease of 20% compared to last week.
The specific destruction details are as follows:
1. The Automated Market Maker (AMM) V2 version contributed to the destruction of 169,000 CAKE, worth $612,000, a year-on-year decrease of 37%.
2. The AMM V3 version performed outstandingly, destroying 642,000 CAKE, equivalent to approximately $2.32 million, with only a slight decline of 14%.
3. The AMM Infinity model has destroyed 6,200 CAKE, worth $22,600, with a significant decrease of 54%.
4. Other channels, including prediction markets and contract trading, have destroyed a total of 77,000 CAKE, valued at $277,000, with a relatively small decrease of 6%.
Overall, although the destruction data has declined to varying degrees, the total destruction of CAKE still exceeds the minting amount, which is beneficial for maintaining its deflationary attributes. The strong performance of AMM V3 is particularly noteworthy, showing user preference for this version. The future value trend of CAKE will continue to be influenced by these fundamental factors.