Our June 2024 report explores the CAKE token supply management world on PancakeSwap. Learn how PancakeSwap reduces the total supply of CAKE through strategic burns and the pursuit of ultrasound CAKE.
As of July 3rd, 2024, PancakeSwap has successfully burned -0.101% of the CAKE total supply for June 2024. To calculate this percentage, we divided the total net mint of -388,431 CAKE by the initial total CAKE supply on June 3rd 2024. This marks the tenth consecutive month of CAKE total supply reduction, with a cumulative -3,192,051 CAKE net mint over September, October, November, December 2023, January, February, March, April, May, and June 2024.
In June 2024, PancakeSwap achieved a net mint of -388,431. This negative net mint indicates that more CAKE tokens were burned than minted during the month.
Total June Mint: 997,924
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.
Total June Burn: 1,386,355
Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of June and stretching into July receive a proportionate allocation between the two months.