Our June 2026 report explores the world of CAKE token supply management on PancakeSwap. Learn how PancakeSwap reduces the total supply of CAKE through strategic burns and the pursuit of ultrasound CAKE.
CAKE Total Supply Reduction:
As of July 6, 2026, PancakeSwap has successfully burned -0.521% of the CAKE total supply for June 2026. To calculate this percentage, we divided the total net mint of -1,749,587 CAKE by the initial total CAKE supply on July 6th, 2026. This marks the 34th consecutive month of CAKE total supply reduction, with a cumulative -52,795,610 CAKE since September 2023.
Achieving CAKE Total Supply Reduction through Net Minting:
In June 2026, PancakeSwap achieved a net mint of -1,749,587 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month.
June Mint Breakdown
Please note that we have excluded CAKE mints that directly contribute to burning, calculating the mint based on raw CAKE/block emission (including emission changes over the months) for a precise monthly mint estimate.
June Burn Categories
Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of July and stretching into September receive a proportionate allocation between the two months.