PancakeSwap: The supply of CAKE decreased by 472,000 in April, which has been reduced for 8 consecutive months

PancakeSwap officially issued a statement stating that as of May 6, 2024, PancakeSwap has successfully destroyed 0.123% of the total supply of CAKE, marking the eighth consecutive month of reduction in the total supply of CAKE, a decrease of 2,575,069 CAKE.

In April 2024, PancakeSwap’s net minting volume was -472,010 coins. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

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