► $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.