CAKE is structurally deflationary. Supply is down 14.5% from peak and has fallen for 35 straight months since Sep 2023, with a share of protocol fees converted into CAKE buybacks and burned every week. Deep dive from @CoinMarketCap →

► $CAKE Bull Thesis BNB Chain is heating up and $CAKE | @PancakeSwap is one of the most mispriced large-cap tokens right now. The major shift that makes $CAKE more attractive than before is Tokenomics 3.0. – Emissions cut to residual levels – Weekly buybacks and burns funded by real revenue AMM v2, v3, Infinity, Perps, Prediction, Lottery, Pads… all of them feed the engine. Result after 35 consecutive months of net supply reduction: -> Peak supply ~392M → current ~334M -> 57.2M CAKE permanently removed (~14.6% from peak) -> July alone: minted 674k, burned 1.94M → net −1.27M -> Recent weeks still printing −200k to −345k net This is the same structural deflation model that has already survived a full cycle. If you missed $HYPE and $PUMP, don’t overlook $CAKE. Scale is still elite: – $4.2T+ cumulative volume – 190M+ all-time users – ~$2.1B TVL – $4T volume on BNB Chain alone – $114B+ on Base – Live across 11+ chains including Robinhood Chain The other important shift is the product stack. > Tokenized RWA already crossed $1B volume in July. > New bStocks dropping every week (Netflix, Super Micro, ASML, SK Hynix, Apple, Amazon, TSMC…). > Stock Terminal is scanning 1,000+ tokenized assets for best price. > New Perps with full orderbook (up to 200x) — 20% of Perps revenue goes straight to CAKE burns. Meanwhile the valuation is still stuck in 2023. > Holders revenue ~$59M annualized > Fees ~$270M > Over 14.5% of peak supply already burned ngmi if you’re still looking at $CAKE through a 2023 lens.

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.

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🥞 Weekly CAKE Stats Net CAKE Mint: -447k CAKE (-$643k) Total Product Burns: 600k CAKE ($864k) +21% 🔥 Burn Breakdown: ➤ AMM v2: 292k CAKE ($420k) +33% ➤ AMM v3: 268k CAKE ($386k) +17% ➤ AMM Infinity: 10.5k CAKE ($15k) -42% ➤ Other Sources (Prediction, Perpetual, etc.): 29k CAKE ($42k) -0% Proof of burn 🔍 Burn Dashboard 📊

The world's assets are moving onchain, via PancakeSwap. 600+ tokenized stocks, ETFs, & more on @solana are now tradable directly on PancakeSwap's Tokenized Stock Terminal. Tokenized assets, on the internet capital markets. →

Bringing the world's assets onchain, and making the closing bell optional. 5 more tokenized assets now trade 24/7, directly on PancakeSwap. ◦ $COINon — Coinbase ◦ $MSTRon — Strategy ◦ $TQQQon — ProShares UltraPro QQQ (3x Nasdaq-100) ◦ $AMZNon — Amazon ◦ $ORCLon — Oracle Powered by @Ondo. Trade them →

PancakeSwap keeps bringing more of the world's markets onchain, and the catalog keeps growing. Last week's most-swapped tokenized assets on PancakeSwap 👀 ◆ $QQQB — Invesco QQQ (Nasdaq-100) ◆ $SPCXB — SpaceX ◆ $SPYB — S&P 500 ◆ $NVDAB — NVIDIA ◆ $SKHYB — SK Hynix

This week in the PancakeSwap ecosystem 🥞 → PancakeSwap brought 10 new tokenized bStocks onchain (Netflix, Super Micro, Coherent & more), now live and tradable around the clock on @BNBCHAIN → $USDY, @Ondo's tokenized U.S. Treasury, launched on PancakeSwap via @BNBCHAIN → @CoinMarketCap deep dive spotlights CAKE as a structurally deflationary asset, 14.5%+ of peak supply burned → The agentic era is here: PancakeSwap is a track partner in @BNBCHAIN's "Build the Era" hackathon, inviting builders to create smarter-liquidity AI agents → $QUID (@squidrouter) went live on PancakeSwap — swap and add liquidity to the QUID-USDC pool to start earning on @base → New trading competition with @squidrouter: trade $QUID on PancakeSwap for a shot at the 666,667 $QUID prize pool → Two new Syrup Pools launched with @grvt_io — stake $GRVT to earn $CAKE, or $CAKE to earn $GRVT → Weekly CAKE Burn Recap: 496k CAKE ($705k), net emission -345k CAKE (-$490k)

35 months of deflation. 14.5%+ of peak supply burned. CAKE burns aren't a one-off flex — they're by design, making it one of the most robust tokenomics models in crypto. Don't take our word for it. Full breakdown on @CoinMarketCap →

Holy smokes... 1,944,441 $CAKE tokens burned in July. @PancakeSwap witnessed the permanent removal of a staggering 1.944M $CAKE tokens in the month of July, through the platform's supply reduction mechanisms. The tokens are worth some $2.73M at time of writing, the burn resulting in a net monthly supply reduction of −1,270,125 $CAKE tokens. PancakeSwap knows how to get supply burns done.

$CAKE BURN REPORT — July 2026 July marked 35 consecutive months of CAKE total supply reduction. 🥧 Minted: 674,316 CAKE 🔥 Burned: 1,944,441 CAKE 📉 Net supply: −1,270,125 CAKE 🔻 Supply burned: −0.38% Full Burn Report ↓

Monthly recap: July ☀ $1B in tokenized assets. $4T through BNB Chain. PancakeSwap live on Robinhood Chain. July was the tokenized assets supercycle. Highlights: ⬩ Crossed $1B in tokenized RWA volume — stocks, ETFs & bonds trading 24/7 on @BNBCHAIN ⬩ PancakeSwap AMM v2 & v3 + PancakeSwap X live on @RobinhoodCrypto Chain — 90+ tokenized assets, zero gas & MEV protection ⬩ SK Hynix goes onchain — tokenized via @Ondo, @xStocksFi & @binance bStocks on @BNBCHAIN & @ethereum ⬩ 40+ new tokenized US stocks added via @binance bStocks on @BNBCHAIN — Apple, Amazon, TSMC & more ⬩ Stock Terminal now auto-scans 1,000+ tokenized stocks for the best price across issuers & chains ⬩ Build AI trading agents on PancakeSwap V3 with @BNBCHAIN Agent Studio — they rebalance ranges & route to the best yield 24/7, prompt in, agent out ⬩ $4,000,000,000,000 in cumulative volume on @BNBCHAIN — crypto, tokenized stocks, ETFs & more ⬩ DTFs launch with @reserveprotocol — 5 Decentralized Token Funds putting the AI supply chain onchain on @BNBCHAIN ⬩ PancakeSwap now powers 36 tokenized US stocks & ETFs on @alloxdotai — onchain, 24/7 on @BNBCHAIN ⬩ XRP comes to DeFi — cbXRP-FXRP on @base & XRP-FXRP on @BNBCHAIN with @FlareNetworks & @ClearstarLabs ⬩ Tokenized Revolut pre-IPO ($CREV) live via @ColbFinance on @BNBCHAIN ⬩ 35 consecutive months of $CAKE deflation, -0.38% of supply burned for July 2026 Full Kitchen Report ↓

PancakeSwap is bringing traditional markets onchain, one asset at a time. 10 new bStocks just landed: → Astera Labs ($ALABB) → ASML Holding ($ASMLB) → AST SpaceMobile ($ASTSB) → Bitmine Immersion ($BMNRB) → Coherent Corp ($COHRB) → Credo Technology ($CRDOB) → IREN ($IRENB) → Netflix ($NFLXB) → Super Micro Computer ($SMCIB) → USA Rare Earth ($USARB) Now on @BNBCHAIN, tradable 24/7. Trade them →

The agentic era is here. PancakeSwap is bringing the liquidity to power it. @BNBCHAIN's Build the Era hackathon is now open and PancakeSwap is a track partner. Build period: Aug 5 - Sept 9. Build agents that deliver a real benefit to traders or LPs. Think smarter liquidity management, sharper yield discovery, safe automated swaps using PancakeSwap products, & more. Full challenge + requirements 👇

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