PancakeSwap November Recap 2024

PancakeSwap November Data

• Total Value Locked (TVL): 2.19B
• Total Volume: $37.2B
• Average Daily Volume: $1.2B
• Unique Traders: 2.2M
• Unique Onsite Users: 2.3M
• veCAKE - Total CAKE Locked: 86.9M
• veCAKE - AVG Lockup Period: 66 (Weeks)

CAKE Token

• Total burned: 36.3M CAKE ($76.5M)
• Monthly Net Mint: -1,047,762 CAKE
• % of Supply Burned: -0.274%
• N° of holders: 1,794,443 (MoM 0.59%)
• 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 November

Monthly Burn Report

As part of our ongoing commitment to achieving Ultrasound CAKE, November marks the 15th consecutive month of reducing the total supply of CAKE. This month alone, we achieved a Net Mint of -1,047,762 CAKE, pushing the cumulative reduction to -6,733,209 CAKE. November is the month with the largest negative net emissions in our history!

Key CAKE Stats for November:

• 👨‍🌾Minted: 983,314
• 🔥Burned: 2,031,076
• 📉Net Mint: -1,047,762
• 🔻% of total supply burned: -0.274%

We’re on track with our goal, reducing the supply steadily each month. Stay tuned for more updates as we continue to burn CAKE and make progress toward Ultrasound CAKE!

Game-Changing Launch: Swap Bot on Telegram

In November, we took decentralized trading to the next level by launching the PancakeSwap Swap Bot on Telegram! This feature lets users trade over 3,000 tokens on the BNB Chain, including access to v2, v3, and Stableswap pools directly through Telegram.

The Swap Bot offers:

• Low trading fees
• Real-time transaction notifications
• Seamless mobile trading

Whether you're on the go or just prefer the convenience of mobile, the Swap Bot makes it easier than ever to swap tokens. Dive in now and experience the future of decentralized trading!

MEV Guard: Enhanced Security with One Click

Security is always a priority at PancakeSwap, and this month, we launched MEV Guard, powered by 48 Club. This feature protects users from MEV (Miner Extractable Value) attacks, including frontrunning and sandwiching, ensuring safer and more private trades.

Users can enable MEV Guard to secure their swaps, improve trade rates, and enjoy a smoother trading experience with just one click. It's part of our ongoing commitment to providing our global community with the best possible trading solutions.

Ready to trade with confidence? Start using MEV Guard today!

Community Votes to Relabel Multichain Warchest as Ecosystem Growth

In November, the PancakeSwap community overwhelmingly voted to relabel the Multichain Warchest as Ecosystem Growth, with over 87% of votes in support. This change expands the allocation’s purpose, enabling it to fund new products, initiatives, and ecosystem development.

This decision reflects the community's commitment to fostering innovation and ensuring PancakeSwap's continued growth. It also reinforces our dedication to flexibility and transparency in managing funds for the benefit of all users.

First PancakeSwap Meetup in Vietnam 🇻🇳

November marked a significant milestone as PancakeSwap hosted its first-ever meetup in Ho Chi Minh, Vietnam! Over 70 attendees joined us for an incredible event filled with engaging discussions about PancakeSwap's vision. The day was packed with fun activities, from dancing and laughter to exclusive merchandise giveaways, creating unforgettable memories for everyone present. It was a true celebration of community spirit and DeFi innovation. Curious to see the highlights? Watch the magic unfold here!

Thanks for reading! Join us on Twitter , Telegram, and in our Discord community!

The Chefs 🥞