PancakeSwap announced the results of the latest round of burning CAKE, the decentralized exchange's native token. According to the data presented, 6.95 million tokens were burned, whose equivalent value at current prices is $28 million.

So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.

PancakeSwap secured the #3 rank in terms of trading volume according to Coingecko on 23 October. However, the DEX may still have a long way to get to the top. Inspite of its declining TVL, CAKE, with the help of its increasing social engagements and rapid integrations, may show some growth in the coming quarter.

Cryptocurrency is reshaping the current economy in ways that have never been seen before, and it is predicted that it will eventually replace the physical money exchange system. With their peer-to-peer and encrypted transaction methods, cryptocurrencies have largely benefited from people’s constant need to secure their money. One prescribed way is to connect Trust Wallet to Pancakeswap to streamline your blockchain experience and fully concentrate on developing your skills.

Developers cite business development opportunities, protocol expansion and the technical capabilities of the Aptos chain as the main reasons for the proposal.

The PancakeSwap price today is $3.07 USD with a 24-hour trading volume of $56,209,444 USD. PancakeSwap is down 1.54% in the last 24 hours. The trading volumes have increased slightly over the past day amid increased selling activity whereas the Volume to Market Cap Ratio stands at 0.1242 for the altcoin.

PancakeSwap’s CAKE token is at a crucial crossroads battling long-term resistance above the $4.50 mark. Updated Sep. 28, 4:00 PM UTC: BeInCrypto has detected unusual activity in this article. It does not represent an endorsement for PancakeSwap. Our only aim is to provide our readers with valuable information about some lower-cap cryptocurrencies.

PancakeSwap didn’t manage to have a satisfactory performance in the last seven days due to the price drop witnessed by the token. However, that may change in the days to come.

There are many DeFi protocols in the crypto world, but PancakeSwap is famous because it is a food-themed DeFi protocol that aims to Automated Market Making (AMM) as a liquidity provider. AMM is a decentralized exchange protocol that uses mathematical formulas to set asset prices.

The developers of the largest decentralized exchange built on the BNB Beacon Chain (formerly BSC) network initiated an important vote in accordance with which it is proposed to reduce the number of native CAKE tokens being sent to farm pools directly on PancakeSwap.

The recent buying endeavors pushed PancakeSwap [CAKE] above the constraints of the EMA ribbons as the price action continued to gradually grow.

CAKE token is more of an exchange token also used for governance purposes. The ranking of #76 position is merely based on its in-circulation supply of CAKE tokens, which is 19% of its total supply. PancakeSwap has a total value locked (TVL) of $3,088,813,752, but the market cap is limited to just $532,308,510. PancakeSwap is similar to Uniswap, which is part of the decentralized exchange platforms that enable swift change in token assets without delay. CAKE helps its ecosystem extract the best value from different exchanges based on its liquidity pool.

It’s been a turbulent time for cryptocurrency. Economic uncertainty has caused serious volatility surrounding the prices of the most established cryptocurrencies.

PancakeSwap (CAKE) is trading inside a long-term bullish pattern, but it has yet to confirm that it will break out from it.

With its distinctive uses and design, Big Eyes Coin (BIG) aims to outdo the likes of PancakeSwap (CAKE) and Cardano (ADA), who have been stagnating in recent months

PancakeSwap today announced the integration of Chainlink Keepers on the BNB Chain mainnet to help secure its CAKE Prediction Market.

CAKE, the native token of the largest decentralized exchange in Binance's ecosystem, PancakeSwap, has unexpectedly captured the CoinMarketCap trends. Although the current price action of CAKE is nothing special, the reason for increased interest in the token seems to be the impressive performance of the DEX itself. Read more on U.Today https://u.today/cake-sparks-investors-interest-with-56-increase-in-pancakeswaps-trading-volume

Does the domination of PancakeSwap have negative effects on BNB Chain and crypto? What are the issues with a dominating DEX? Learn more in this article!

PancakeSwap makes things more interesting while adding a pinch of automation in the CAKE Prediction Market through Chainlink Keepers

Summary: Revenue is one of the most important metrics to gauge the health of crypto protocols, helping us answer the most important questions as crypto investors: