Bitcoin
Bitcoin (BTC)
$62,114.00 -0.57908
Bitcoin price
Ethereum
Ethereum (ETH)
$2,433.26 0.18826
Ethereum price
BNB
BNB (BNB)
$582.85 1.6884
BNB price
Solana
Solana (SOL)
$142.65 -0.98226
Solana price
XRP
XRP (XRP)
$0.532542 0.35887
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000175 0.28836
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000096 0.32284
Pepe price
Bonk
Bonk (BONK)
$0.0000208 -1.37095
Bonk price
Bitcoin
Bitcoin (BTC)
$62,114.00 -0.57908
Bitcoin price
Ethereum
Ethereum (ETH)
$2,433.26 0.18826
Ethereum price
BNB
BNB (BNB)
$582.85 1.6884
BNB price
Solana
Solana (SOL)
$142.65 -0.98226
Solana price
XRP
XRP (XRP)
$0.532542 0.35887
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000175 0.28836
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000096 0.32284
Pepe price
Bonk
Bonk (BONK)
$0.0000208 -1.37095
Bonk price
Bitcoin
Bitcoin (BTC)
$62,114.00 -0.57908
Bitcoin price
Ethereum
Ethereum (ETH)
$2,433.26 0.18826
Ethereum price
BNB
BNB (BNB)
$582.85 1.6884
BNB price
Solana
Solana (SOL)
$142.65 -0.98226
Solana price
XRP
XRP (XRP)
$0.532542 0.35887
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000175 0.28836
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000096 0.32284
Pepe price
Bonk
Bonk (BONK)
$0.0000208 -1.37095
Bonk price
Bitcoin
Bitcoin (BTC)
$62,114.00 -0.57908
Bitcoin price
Ethereum
Ethereum (ETH)
$2,433.26 0.18826
Ethereum price
BNB
BNB (BNB)
$582.85 1.6884
BNB price
Solana
Solana (SOL)
$142.65 -0.98226
Solana price
XRP
XRP (XRP)
$0.532542 0.35887
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000175 0.28836
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000096 0.32284
Pepe price
Bonk
Bonk (BONK)
$0.0000208 -1.37095
Bonk price

Pancakeswap community backs 300m CAKE token supply cut

pancakeswap-community-backs-300m-cake-token-supply-cut
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Pancakeswap community backs 300m CAKE token supply cut

Pancakeswap gains overwhelming community support for 300 million CAKE token supply reduction, bolstering market presence across chains.

Pancakeswap, the third-largest decentralized exchange globally, recently witnessed a near-unanimous community vote on a governance proposal to reduce the CAKE token supply by 300 million, shifting it from 750 million to 450 million. The resounding support of 97.8% underscored the community’s confidence in this move, aimed at enhancing market share across various chains and sustaining the VECAKE model.

Post-vote, CAKE displayed impressive performance, surging 42.6% against the U.S. dollar over the past week and achieving a notable 62% increase for the month. However, a minor 2.4% dip against the greenback occurred in the last day.

Pancakeswap community backs 300m CAKE token supply cut - 1
7-day price chart of CAKE from December 22 – December 29

Presently, CAKE boasts a market capitalization of $872 million, constituting 0.05% of the $1.75 trillion crypto economy. Pancakeswap, with $1.66 billion in total value locked, has witnessed a 16.8% increase in the past month, reinforcing its standing in the decentralized exchange arena.

Despite CAKE’s monthly surge, it remains 91.8% below its all-time high of $43.96 per coin in April 2021. CAKE’s current 24-hour intraday trading range fluctuates between $3.49 and $3.83 per unit.