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PancakeSwap destroyed more than 1.38 million CAKE in June, reducing the supply by about 388,000

PancakeSwap destroyed more than 1.38 million CAKE in June, reducing the supply by about 388,000

CointimeCointime2024/07/04 06:19
By:Cointime

On July 4th, PancakeSwap announced that as of July 3rd, it had successfully burned 0.101% of the total supply of CAKE tokens for June. The total supply of CAKE has decreased for ten consecutive months. In June, 997,924 CAKE tokens were minted and 1,386,355 CAKE tokens were burned, resulting in a net minting of -388,431 CAKE tokens, indicating that more CAKE tokens were burned than minted in that month.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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