Decentralized Exchange PancakeSwap Announces Massive CAKE Token Burn Amid Rising Trading Fees

Popular decentralized exchange PancakeSwap has recently announced the burn of over 9 million of its native $CAKE tokens in a move that destroyed over $19 million worth of tokens, in a move that helps to reduce their circulating supply. In a post on the microblogging platform X (formerly known as Twitter) PancakeSwap’s team broke down […]

Decentralized Exchange’s Native Token Surges Over 90% After Launching Position Manager Tool

Popular decentralized cryptocurrency exchange PancakeSwap has seen the price of its native $CAKE token surge by over 90% over the past week after rolling out a new position manager tool, which it describes as a tool “designed to enhance the user experience for liquidity providers.” The new feature, designed in partnership with decentralized finance protocol […]

Decentralized Exchange PancakeSwap to Reward $CAKE Stakers with Millions in Trading Fee Revenue

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. According to a recent announcement from the exchange the initiative, dubbed the Revenue Sharing Pool (RSP), will distribute a weekly 5% […]

PancakeSwap ($CAKE) Breaks $41, Setting New ATH, Now Up 6408% in 2021

On Thursday (April 29), the price of $CAKE, the governance token for PancakeSwap, which is the leading decentralized exchange on Binance Smart Chain (BSC), got as high as $41.53, setting a new all-time high. PancakeSwap is “a decentralized exchange running on Binance Smart Chain, with lots of other features that let you trade, earn and win […]