PancakeSwap Burns $11 Million Worth Of CAKE Tokens In Significant Move
PancakeSwap, a prominent decentralized trading platform, executed a significant action on August 28 by destroying a substantial amount of its native CAKE tokens.
Keep up with what's happening in the crypto world in real-time.
PancakeSwap, a prominent decentralized trading platform, executed a significant action on August 28 by destroying a substantial amount of its native CAKE tokens.
In a recent development that has sent shockwaves through the decentralized finance (DeFi) sector, Julian Hosp, the forward-thinking CEO of Cake Group, has made a momentous announcement poised to reshape the DeFi community. With a strategic move that could potentially revolutionize the future of DeFiChain's native token, DFI, Hosp and his proficient team are taking a bold step to amplify its intrinsic value.
PancakeSwap announced the launch of V3 on the Ethereum layer-2 network Linea, as part of its attempts to generate additional revenue.
PancakeSwap, a leading decentralized finance (DeFi) platform, has officially launched its anticipated Version 3 (V3) on the Linea Mainnet. According to the announcement, the collaboration between PancakeSwap and Linea aims to provide a seamless trading experience with lower fees, increased liquidity provider returns, and enhanced capital efficiency.
A report suggests that 90% of crypto holders are currently at a loss. However, there are now fewer MKR holders at a loss compared to a year ago.
PancakeSwap v3, a popular multi-chain DeFi exchange, announced its launch on the Ethereum layer 2 network Linea on Aug. 24. The exchange's deployment on Linea introduces two new features.
PancakeSwap v3 introduces advanced Swap and Liquidity Provision functionalities, enabling users to trade tokens seamlessly and maximize capital efficiency.
Binance integrates PancakeSwap (CAKE) on Ethereum and Kyber Network (KNC) on Polygon networks, increasing liquidity and accessibility.
PancakeSwap's latest proposal seeks to deploy additional farms on Arbitrum One to increase liquidity and offer attractive APRs to liquidity providers.
As PancakeSwap continues to push its efforts toward becoming multichain, it has now gone live on Arbitrum One. CAKE's price action, however, remained bearish.
PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), initiated operations on the Ethereum (CRYPTO: ETH) scaling platform Arbitrum (CRYPTO: ARB) as part of its strategy to grow its clientele and revenue. PancakeSwap, which operates without intermediaries using smart contracts, was already functional on platforms such as BNB Chain (CRYPTO: BNB), Ethereum, Polygon zkEVM (CRYPTO: MATIC), zkSync and Aptos (CRYPTO: APT) blockchains.
PancakeSwap, the second-largest decentralized exchange protocol, has launched on Ethereum Layer 2 network Arbitrum One.
In the rapidly evolving landscape of decentralized finance (DeFi), innovation is the key to capturing the attention and loyalty of users. In a move that has sent shockwaves through the cryptocurrency community, PancakeSwap, a pioneering player in the world of decentralized exchanges (DEXs), has taken a groundbreaking step by integrating with the Ethereum scaling network, Arbitrum.
PancakeSwap, a leading decentralized trading platform, has announced a strategic partnership with software development firm bloXroute, aiming to combat the unwelcome presence of malicious MEV (Maximum Extractable Value) bots on the Ethereum blockchain.
The decentralized exchange has expanded to several networks this year in the search for new users and revenue streams.
Decentralized trading platform PancakeSwap has announced a partnership with software development company BloXroute to implement protection against the unwanted presence of Mev bots on the Ethereum blockchain.
Story Highlights PancakeSwap price can go as high as $3.437 by the end of 2023. CAKE with a potential surge could go as high as $22.329 by the end of 2030. The current price of one CAKE token is . The ever-evolving crypto space is home to a host of promising and competent projects.
CAKE short-sellers seek more ground amidst uncertainty after the U.S. debt rating downgrade by Fitch. When will bulls see respite?
In an unprecedented move that has the crypto community buzzing with excitement, PancakeSwap, a renowned decentralized exchange (DEX), has unveiled a groundbreaking initiative that promises to reshape the landscape of staking and rewards. Known as the Revenue Sharing Pool (RSP), this initiative is set to distribute a substantial portion of the trading fee revenue generated by the platform to Fixed-Term CAKE stakers.
In an ambitious move to incentivize its stakers popular decentralized exchange (DEX) PancakeSwap ($CAKE) is set to disburse a share of its trading fee revenue amounting to millions of dollars to CAKE token stakers.
Only after a few days of launch, PancakeSwap v3's volume on zkSync Era crossed the $10 million mark. CAKE's price also registered an uptick over the last seven days.
PancakeSwap announces the launch of v3 on Polygon zkEVM Mainnet Beta, introducing lower trading fees, increased capital efficiency and enhanced user experience.
PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), is set to share a portion of its trading-fee revenue with stakers of its native token to enable them to earn more rewards. The Revenue Sharing Pool (RSP) initiative will see Fixed-Term CAKE stakers receive 5% of the trading fee revenues from all PancakeSwap v3 pairs with 0.01% and 0.05% fee tiers on a recurring and weekly basis.
One of the largest DEXes in crypto is initiating a game-changing liquidity initiative for its community. Now, generous rewards are available not only on "incentivized" pools but for all CAKE stakers as well.