Our April 2025 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.
As of May 5, 2024, PancakeSwap has successfully burned -0.611% of the CAKE total supply for April 2025. To calculate this percentage, we divided the total net mint of -2,288,550 CAKE by the initial total CAKE supply on March 31, 2025. This marks the 20th consecutive months of CAKE total supply reduction, with a cumulative -16,923,316 CAKE net mint over September, October, November, December 2023, January, February, March, April, May, June, July, August, September, October, November, December 2024, January, February, March, April 2025.
In April 2025, PancakeSwap achieved a net mint of -2,288,550 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month.
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.
Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of February and stretching into April receive a proportionate allocation between the two months.