Has PancakeSwap delivered a masterclass in deflation?
The supply of
@PancakeSwap's $CAKE token is down nearly -15% from all-time high supply.
That works out to a reduction of 58M $CAKE tokens since Q3 2023, those tokens currently worth more than $94M.
A share of every protocol fee is used to buy $CAKE from the market and burn it... a strategy that clearly works.