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PancakeSwap Burns 8.8 Million CAKE Tokens Worth $17 Million to Boost Token Scarcity

PancakeSwap has executed a significant token burn, removing 8,820,499 CAKE tokens from circulation, a move valued at around 17 million dollars. Despite this development, PancakeSwap’s platform displays mixed performance across various channels, highlighting the complexities of the DeFi landscape. “Token burning is pivotal in creating scarcity, which could potentially benefit long-term token value if demand

PancakeSwap Burns 8.8 Million CAKE Tokens

PancakeSwap burned 8.8 million CAKE tokens, worth 17 million dollars. AMM Version 3 saw a 62% increase in transaction fees. Continue Reading: PancakeSwap Burns 8.8 Million CAKE Tokens

PancakeSwap announces 2.45M ZK (zkSync) tokens distribution to community

PancakeSwap announced it will distribute ZK tokens to the community through a reward program. The firm confirmed this in an official blog post. Between July 5th and August 5th, the firm will reallocate about 2.45 million zkSync (ZK) tokens.

PancakeSwap launches AI-powered Prediction Market on Arbitrum

Arbitrum users can now predict Ether price movements with PancakeSwap’s AI-powered market, leveraging Allora’s machine-learning data for accuracy.

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