Bitcoin
Bitcoin (BTC)
$57,621.00 0.17735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,120.38 0.33322
Ethereum price
BNB
BNB (BNB)
$531.13 1.14299
BNB price
Solana
Solana (SOL)
$138.21 1.17305
Solana price
XRP
XRP (XRP)
$0.4715770 5.51045
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000164 0.9477
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -3.0307
Pepe price
Bonk
Bonk (BONK)
$0.0000222 -5.71287
Bonk price
Bitcoin
Bitcoin (BTC)
$57,621.00 0.17735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,120.38 0.33322
Ethereum price
BNB
BNB (BNB)
$531.13 1.14299
BNB price
Solana
Solana (SOL)
$138.21 1.17305
Solana price
XRP
XRP (XRP)
$0.4715770 5.51045
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000164 0.9477
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -3.0307
Pepe price
Bonk
Bonk (BONK)
$0.0000222 -5.71287
Bonk price
Bitcoin
Bitcoin (BTC)
$57,621.00 0.17735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,120.38 0.33322
Ethereum price
BNB
BNB (BNB)
$531.13 1.14299
BNB price
Solana
Solana (SOL)
$138.21 1.17305
Solana price
XRP
XRP (XRP)
$0.4715770 5.51045
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000164 0.9477
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -3.0307
Pepe price
Bonk
Bonk (BONK)
$0.0000222 -5.71287
Bonk price
Bitcoin
Bitcoin (BTC)
$57,621.00 0.17735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,120.38 0.33322
Ethereum price
BNB
BNB (BNB)
$531.13 1.14299
BNB price
Solana
Solana (SOL)
$138.21 1.17305
Solana price
XRP
XRP (XRP)
$0.4715770 5.51045
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000164 0.9477
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -3.0307
Pepe price
Bonk
Bonk (BONK)
$0.0000222 -5.71287
Bonk price

Pancakeswap community backs 300m CAKE token supply cut

pancakeswap-community-backs-300m-cake-token-supply-cut
Edited by
News
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.