Kitchen Report: May 2026
Ecosystem
News
Campaigns
Product
2026-06-05

May CAKE Burn Recap

May closed with 33 straight months of net CAKE supply reduction and continued deflationary momentum.

More than -51,046,024 CAKE has now been permanently burned, reinforcing a healthier, more sustainable token economy powered by real usage across PancakeSwap’s products. This consistency highlights the protocol’s maturity and our long-term approach to emissions and value creation.

Track every burn in real time on the Burn Dashboard here.

🥞 Product Updates

New PancakeSwap Perpetuals is live - it’s simple enough for your first trade (via Simple Mode), and powerful enough for your best one (via Pro Mode). With our new Perps’ brand new engine powered by Aster, full order book, 200x leverage, and one tap trades on Simple Mode, Perps has never been easier. Try it out here: here*

Meet Chef AI 👨‍🍳, your AI-powered guide to everything PancakeSwap, on our new FAQ page. Ask anything about PancakeSwap from LP to Infinity to Perps, and get an answer, powered by AI. Check it out here

PancakeSwap has now integrated Hypernative’s Platform to detect exploit-level threats in real time across our AMM infrastructure, adding another layer to our security stack. Check out the full announcement here

xStocks are now live on Ethereum via PancakeSwap X, which means you can trade tokenized RWAs gas-free, with MEV-protection, and with better prices. Access it here

Finding hooked infinity Pools just got easier. On the Earn (LP) page, simply sort by hook type in the new “Pool Feature” heading. Discover them here

🌐 Ecosystem

PancakeSwap has crossed 5M+ traders on PancakeSwap Infinity in May. That’s 5 million traders getting the most out of every swap with better pricing, and tighter execution.

CAKE was added to Binance’s Proof of Reserves (PoR). The PoR mechanism allows anyone to check that their user assets are backed 1:1, check it out here

Users can now trade STRCon with zero fees, the latest addition to our lineup of 250+ tokenized RWAs on BNB

apxUSD and apyUSD are live on PancakeSwap, swap or add liquidity to earn yield on the first dividend-backed stablecoin protocol with Apyx

🥞 Dishes Served Hot

The Solstice (SLX) Trading Competition went live on May 26, and ends on June 9. With over 275,862 up for grabs, trade SLX pairs on PancakeSwap to win up to $1,000. Details here

Flip into yield with fresh pools and stablecoin yields you won’t find elsewhere, with our incentivized pools on Base, via Incentra. Check it out here

Weekly boosted APRs on selected Monad Liquidity Pools to provide liquidity and stack yield here

GITLAWB-WETH pool is incentivized with CAKE from PCS and USDC from gitlawb, distributed via Merkl, check it out here

🌍 Community

PancakeSwap’s latest community meetup co-hosted with Base Indonesia took place in Jakarta, Indonesia on May 8. The community scored PancakeSwap merch, met with fellow Base builders, and left with new alpha.

🇯🇵PancakeSwap’s new Japanese Ambassador, x.com/MaturiCrypto , joins our global ambassadors team!

Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord!

Stack'em,

The Chefs 🥞