Data Recap

Overall

• Total Volume: $14.2B
• Average Daily Volume: $459M
• Unique Traders: 1.9M
• Unique Onsite Users: 3.6M
• Mini Program — Onsite Users: 80K
• Mini Program — Average Daily Users: 4.67K
• Pancake Protectors - Total CAKE Burned: 17.3K CAKE ($52K)
• Pancake Protectors - Average Daily active users: 10K

CAKE

• Total burned: 37.1M CAKE ($96M)
• Bought back from the market to burn: $2.9M
• N° of holders: 1,561,202 (MoM 2.36%)
• Effective CAKE Emission Rate: 1.36 CAKE/Block

*As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

🍽✅ Served In December

Max Supply Reduction: Another Step Road to Ultrasound CAKE

During December, we presented the proposal to reduce CAKE's maximum supply amount. The community voted and today our maximum supply amount has been reduced to 450M

We’re officially entering the deflationary era, journeying from CAKE Tokenomics v2.5 to the recent veCAKE launch!

🐰From community-driven innovations to ultrasound CAKE, we're on a mission for the next chapter of growth

📕Read the announcement in our Blog: https://blog.pancakeswap.finance/articles/pancake-swap-reduces-cake-maximum-supply-to-450-million-charting-a-course-for-deflationary-success

December 2023: PancakeSwap's CAKE Burn

In our December 2023 report, we dived into the CAKE token supply management world on PancakeSwap. Learn how PancakeSwap reduces the CAKE total supply through strategic burns and pursuit ultrasound CAKE.

We bring you a detailed blog post every month with all the burn data.

We take our deflationary commitment very seriously. Join us on our journey to ultrasound CAKE.
Take a look at December’s burn report here 👉https://blog.pancakeswap.finance/articles/december-2023-pancake-swap-s-cake-burn

Reaching new goals again and again!

We would like to share with you some of our milestones achieved during the month of December:

🎉BNB Chain and Ethereum just hit ATH in monthly trading volumes since v3 dropped, expect more ATH in 2024.

🎉zkSync Era is dazzling! Celebrating a fantastic $1.5 Billion in trading volume! 🎉$50M milestone on Polygon zkEVM 🎉Base PCS v3 hits 200M 🎉Hit $3 Billion trading on ETH

Thanks to all those who accompany us daily and help us achieve many accomplishments.

PancakeSwap Forum is here!

🗳️ In our new governance system, veCAKE holders will have voting rights, replacing vCAKE

💬 Discussions for all proposals will be held on our Forum and will still be voted on Snapshot

👉 Give it a visit http://forum.pancakeswap.finance

New Farms

veCAKE: Migration, AMAs and More!

During December, there was some important news in our recent entry into the veTokens structure:

📄 We proposed to migrate PancakeSwap’s voting rights from vCAKE to veCAKE, as part of our broader veCAKE push. The proposal passed, and now veCAKE will measure a user’s voting power in PancakeSwap’s governance system.

📄You can boost all BNB Chain v3 Farms with veCAKE now!
Read more here: https://t.me/PancakeSwapAnn/4487

📄veCAKE Community Workshop: Chef Bun and Chef Fran hung with the community, explaining the new veCAKE structure and all the benefits for the CAKE Holders. The presentation was recorded and you can relive it here: https://www.youtube.com/watch?v=woF8igzuMYM&t=572s&ab_channel=PancakeSwap

📄 veCAKE Gauges are now live on zkSync Era! With the inclusion of zkSync, the current Trading Allocation emission of 0.0131 CAKE/block directed towards zkSync Farms has been added to veCAKE emissions.

📄Community Proposals: We have increased the minimum veCAKE amount to raise a proposal. Now you need 10000 veCAKE to start a new proposal. Get your veCAKE here: https://pancakeswap.finance/cake-staking

If you are new to veCAKE, check out our documentation to learn more: https://docs.pancakeswap.finance/products/vecake

Perpetuals v2 updates!

Another month, more Perpetual Updates!!

🐰 PancakeSwap Perpetual v2 expands to Base and opBNB, Powered by APX Finance!

🐰“Dumb Mode” was introduced on Base and opBNB! 📚 Curious to learn more about Dumb mode? Check it out here: https://docs.pancakeswap.finance/products/perpetual-trading/perpetual-trading-v2/dumb-mode

🐰We also hit $4 billion in total trading volume!

👉 Start trading now: https://perp.pancakeswap.finance/en/futures/v2/BTCUSD

PancakeSwap Protectors: Huge Expansion!

From PancakeSwap we know how much you like to play PancakeSwap Protectors. That's why, together with Mobox, we have expanded the game to not just one, not two, but four Blockchains!

Now you can enjoy your favorite heroes and prove yourself in battle on Base, Polygon zkEVM, zkSync Era and Arbitrum!

Deposit and withdraw your CAKE tokens seamlessly and unlock a new era of gaming possibilities.

👉Join the adventure now: https://protectors.pancakeswap.finance/

Introducing: Web3 Notifications on PancakeSwap - BETA now live

Powered by WalletConnect, we bring you all your DeFi updates in one place!

✅ Real-time updates ✅ Actionable alerts ✅ Customize your feed

👉 Get started: blog.pancakeswap.finance/articles/introducing-web3-notifications-on-pancake-swap

🥞 .cake domain names are coming soon!

Goodbye to lengthy, meaningless wallet addresses, and welcome to the era of engaging and memorable .cake domain names!

PancakeSwap proudly presents the .cake Name Service, powered by SPACE ID 3.0. This decentralized naming system will operate within the BNB Chain ecosystem, with each domain name represented by a BEP-721 token (an NFT). Once registered, it replaces your clunky wallet addresses across all protocols integrated with SPACE ID, including PancakeSwap.

📖 Read more here: https://blog.pancakeswap.finance/articles/introducing-the-cake-name-service-and-early-access-guidelines

🗺️ Traverse Adventurers! We're calling you!

We are thankful for your participation in our multichain journey across the various L2 chains! It's time to claim some exclusive NFTs! https://blog.pancakeswap.finance/articles/celebrating-traverse-claim-your-exclusive-nfts

🏝️ 1️⃣ Island Hopper Extraordinaire NFT: For adventurers who have claimed all 6 Island Hopper NFTs Claim here: https://galxe.com/PancakeSwap/campaign/GCPTEttsAF

🏆 2️⃣ Treasure Hunters NFT: Be among the top 333 on our Galxe leaderboard Claim here: https://galxe.com/PancakeSwap/campaign/GCP2EttsSt

🙏 Thanks for joining our journey! Stay excited for more PancakeSwap adventures in 2024! 🎉

PancakeSwap & DefiEdge: New Position Manager!

PancakeSwap & DefiEdge unite! Discover our Position Manager with DefiEdge’s ALO strategy across BNB Chain, zkSync Era, Arbitrum One, Polygon zkEVM, and Base!

Position Manager is one of our latest features launched in PancakeSwap. Forget about all the headaches that setting a v3 LP brings. Select the pair, deposit and go to enjoy your pancakes!

Bril Finance Position Manager Vaults are now live on zkSync Era and Ethereum PancakeSwap!

⚡️Supercharge your LP with extra CAKE incentives on zkSync here: https://pancakeswap.finance/position-managers?chain=zkSync

👉 Or Ethereum here: https://pancakeswap.finance/position-managers?chain=eth

PancakeSwap Community Meetup in Spain!

On December 15th the PancakeSwap community was present in Madrid, Spain.

Presentations, food, drinks and lots of crypto networking.

A big thank you to all the participants. Stay tuned for photos and videos!

Still Cooking - Coming Soon!

When you’re reading this, we have released our Q1 Roadmap for 2024!

You can read more about it here 👉 https://docs.pancakeswap.finance/roadmap

On January 9th we will do an AMA with The Kitchen to answer all of your questions regarding the Roadmap. Set your reminders here 👉https://www.youtube.com/watch?v=-Y7nSMSs8qc&ab_channel=PancakeSwap

Still hungry?

Join us on Twitter , Telegram, in our Discord server, or in our growing Reddit community!

Bon appétit!

The Chef's 🐰🥞