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PancakeSwap destroyed more than 1.38 million CAKE in June, and the total supply has decreased for ten consecutive months

PancakeSwap destroyed more than 1.38 million CAKE in June, and the total supply has decreased for ten consecutive months

Odaily2024/07/04 06:06
By:Odaily
Odaily News According to official news, PancakeSwap issued a statement saying that as of July 3, PancakeSwap had destroyed 0.101% of the total supply of CAKE tokens in June, and the total supply of CAKE has been reduced for ten consecutive months. In June, a total of 997,924 CAKEs were minted and 1,386,355 CAKEs were destroyed; the net minting amount was -388,431 CAKEs, indicating that the amount of CAKE destroyed that month was more than the amount of CAKE minted.
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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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