PancakeSwap(@PancakeSwap):PancakeSwap has burned more CAKE than it has ever minted. That's the position since genesis — and every week, fee revenue buys more of it off the market and burns it. Supply is moving away from the 400M ceiling at roughly 4.3% a year, ahead of the ~4% target, with a stated path toward 268M by 2030.

2026.08.11 13:30

PancakeSwap has burned more CAKE than it has ever minted. That's the position since genesis — and every week, fee revenue buys more of it off the market and burns it. Supply is moving away from the 400M ceiling at roughly 4.3% a year, ahead of the ~4% target, with a stated path toward 268M by 2030.

CoinMarketCap@CoinMarketCap

2026.08.07 07:29

1/ New deep dive: we took apart @PancakeSwap 's on-chain ledger. Supply, burns, fees, and how $CAKE stacks up against every major DEX. The short version: CAKE is now a structurally deflationary asset (supply down 14.5% from peak) whose burn is funded by real fee revenue from the #2# DEX.