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PancakeSwap (CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion. The crypto crackdown by regulators targeting Binance's stablecoin BUSD triggered a decrease in the stablecoin supply.
PancakeSwap has recently emerged as the market's leading DEX by the number of daily active users. Ergo, the question – Is this enough to support a sentiment shift among CAKE holders?
After the successful launch of Market Maker Integration on Ethereum, PancakeSwap have been listening to your feedback and are pleased to announce that they are “extending this feature to BNB Smart Chain.
As part of its latest burning round, popular decentralized exchange (DEX) PancakeSwap removed about 7.15 million CAKE tokens out of circulation. The burned tokens were worth $27 million in value.
PancakeSwap burned 7,153,999 CAKE tokens as the Decentralized Exchange (DEX) prepares for the V3 launch scheduled in April.
Key Points: PancakeSwap, a decentralized trading platform, has reported that they have conducted a significant burn of CAKE tokens worth around 27 million US dollars (equivalent to 7,153,999 CAKE tokens). The burn was executed using fees accumulated from various operations, including trades, lotteries, NFT market, and prediction markets.
PancakeSwap V3 will offer new features such as improved liquidity provisioning, competitive trading fees, trading incentives and enhancement for yield farming tools.
This innovative platform quickly became one of the most popular DEXs on Binance's Smart Chain (BSC), allowing users to trade various cryptocurrencies with high-speed transactions and low fees.
The April upgrade promises more competitive trading fees and improved liquidity provisioning.
BNB Chain's leading decentralized finance (DeFi) protocol PancakeSwap [CAKE], has announced that it will be launching its third iteration in the first week of April, marking a significant milestone for the popular decentralized exchange (DEX).
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform's yield farming experience.
PancakeSwap [CAKE] has been setting up its game in terms of network performance over the last few months. Dune's data revealed that the total number of transactions on PancakeSwap has been on an uptrend since the beginning of this year, after a disappointing Q4 2022.
Decentralized exchange PancakeSwap is set to upgrade to its third iteration in the first week of April on the BNB Chain.
The ever-evolving crypto space is home to a host of promising and competent projects. One such project is Pancake Swap, which boasts its native token “CAKE”. The DeFi token has been one of the exemplary cryptocurrencies in the DeFi space.
Token Terminal's data revealed that PancakeSwap's [CAKE] revenue increased considerably over the last 90 days.
According to a tweet by BNB chain, PancakeSwap [CAKE] became the most used dApp on the network. PancakeSwap stood first in the list of top 15 dApps on the BNB Chain, accounting for 62% of the total users.
PancakeSwap removed more than seven million CAKE tokens out of circulation as part of its burn program, intended to add deflationary pressure on the coin. The tokens burned were worth $30 million in value.
PancakeSwap [CAKE] posted its January 2023 recap on 17 February, in which it highlighted the state of the network during the first month of 2023. As per the report, PancakeSwap reached quite a few milestones during January.
With 1.37 million users in the last 30 days, PancakeSwap led as the decentralized finance (DeFi) protocol with the most active users in the last month, data from CryptoRank revealed.
The last four months' price action on the Pancakeswap coin displays a V-shaped recovery in the daily time frame chart. This type of recovery reflects rapid and strong growth in bullish momentum after a period of decline.
This article will provide a PancakeSwap price prediction, and speculate on whether can PancakeSwap reach the $100 mark.
Brain teaser challenge: This puzzle game allows players to boost their mental capacity and lateral thinking skills by trying to figure out a solution to a problem. As fun as they are, brain teaser challenges are often taken to determine whether someone has a high or low intelligence quotient.
PancakeSwap [CAKE] posted about 9% gains after the FOMC announcement. However, its price action in the same period chalked a bearish pattern which could suggest a possible drop in the next few hours/days.
Amid the negative sentiment in the crypto market, the Pancakeswap coin recently reverted from the $4.124 resistance and triggered a minor correction phase. However, this downfall could benefit the coin prices by recuperating the bullish momentum and validating sustainability above higher levels.
