May 2024: PancakeSwap's CAKE Burn
Ecosystem
2024-06-07

Our May 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.

CAKE Total Supply Reduction:

As of June 5th, 2024, PancakeSwap has successfully burned -0.059% of the CAKE total supply for May 2024. To calculate this percentage, we divided the total net mint of -228,551 CAKE by the initial total CAKE supply on May 6th 2024. This marks the ninth consecutive month of CAKE total supply reduction, with a cumulative -2,803,620 CAKE net mint over September, October, November, December 2023, January, February, March, April and May 2024.

Achieving CAKE Total Supply Reduction through Net Minting:

In May 2024, PancakeSwap achieved a net mint of -228,551. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

May Mint Breakdown

  • Farms: 807,193
  • CAKE Syrup Pool: 91,377
  • Other Product Usage: 123,962
  • Total May Mint: 1,022,532

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.

May Burn Categories

  • Swaps and Perpetual Trading Fees: 911,139
  • Prediction: 216,017
  • Pancake Protectors: 482
  • Lottery, NFT Market, Profile & Factory: 123,445
  • Total May Burn:1,251,083

Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of May and stretching into June receive a proportionate allocation between the two months.

Proof of Burn for May:

How does it work?
Learn basics of PancakeSwap
Trade tokens, earn rewards and play to win!