To make the supply dynamics of the $CAKE token more transparent and clear, PancakeSwap has introduced a new metric that tracks the net burn of $CAKE. This metric shows the actual reduction in supply by taking into account the number of $CAKE tokens that are burned versus the number that are minted. With this development, PancakeSwap is hoping to give its users a much clearer view of how the supply of its native token is changing—at least as it relates to the net supply changes. The introduction of this net burn metric also gives us better insight as to the
The post PancakeSwap Introduces Net $CAKE Burn Metric, Enhancing Transparency in Token Supply Management appeared first on The Merkle News.
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PancakeSwap’s 2024 trading volume surged to $310 billion, driven by DeFi growth, layer-2 adoption and user-focused upgrades.
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Pancakeswap’s Springboard provides an all-in-one platform for creating and launching tokens on the BNB Chain. Springboard for Tokens on BNB Chain Pancakeswap, a decentralized exchange (DEX) on the BNB Chain has launched Pancakeswap Springboard, a single platform that eliminates the need for coding and enables developers, creators, and projects to quickly deploy their project’s tokens. […]
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PancakeSwap’s head chef, Chef Kids, told Cointelegraph that SpringBoard is an ecosystem rather than a platform to launch tokens.
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PancakeSwap’s new Telegram bot lets users trade over 3,000 tokens from the app, highlighting DeFi’s growing accessibility.
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NFT trading volume on BNB Chain increased 283% quarter-on-quarter in Q3, driven by whales as average daily buyers fell over 50%, according to Messari.
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Gasless swaps could ease the DeFi onboarding process, bolstering mass crypto adoption among new holders.
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The liquidity management app’s team had previously stated that some strategies would be “delisted,” but the new deposit block affects all strategies.
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PancakeSwap announces its v4 update to improve liquidity provision, interoperability, and scalability, aiming to resolve AMM shortcomings.
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Upcoming Binance Launchpad incentives, CZ’s upcoming release and BNB Chain’s use cases outside of DeFi appear to be behind BNB’s rally.
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