Digital Currency
Add as a preferred source on GoogleThe reduction equaled 0.339% of total supply. Part of the platform's weekly fee revenue funds CAKE purchases for burning.
The PancakeSwap token (CAKE) supply contracted by 1,116,211 tokens in October as burns outpaced new issuance, extending the run of monthly net declines to 38 months.
The October tally records 1,790,527 CAKE burned and 674,316 minted. The difference represented 0.339% of total supply.
A weekly burn update before October's figures counted 37 months of consecutive net declines. Some of the platform's weekly fee revenue funds CAKE purchases for burning.
The snapshot counted funds held in DeFi venues such as lending pools, not all stablecoins in circulation.
The reported tally combines the two tokens across multiple decentralized finance venues rather than measuring a single pool.
The proposed markets have not launched and aim to make decentralized finance products more predictable while increasing liquidity.
