CAKE · burning more than it mints, by design.
CAKE is the token of PancakeSwap, a multi-chain DEX — ~352M circulating, with the max supply cut to 400M.
Sell pressure. Farm emissions of ~22,250 CAKE a day — the only new supply, cut from 40,000/day under the latest tokenomics.
Buy pressure. Trading-fee revenue funds a buyback-and-burn of ~500-760k CAKE a week — 32 straight months of net deflation.
Net. Supply is shrinking — the burn runs ahead of emission. A live monitor reads higher only because it now counts CAKE across several chains.
Farm emissions of about 22,250 CAKE per day (~2.0M over 90 days) — the only source of new CAKE, cut from 40,000/day under the latest tokenomics.
Fair-launch token — there is no investor or team vesting schedule, so this row is permanently zero.
No Foundation or team reserve releasing into the market on a discretionary basis.
No bankruptcy estate. veCAKE locks supply for governance, not as a sell-side source.
Trading-fee revenue (spot, perpetuals, IFO, prediction, lottery) funds a buyback-and-burn of roughly 500-760k CAKE per week (~7.5M over 90 days). The bought-back CAKE is burned — 32 consecutive months of more CAKE leaving circulation than entering.
Fee-funded burns are counted under the buyback-and-burn above, not double-counted here.
No separate Foundation accumulation programme.
veCAKE locking is governance-driven, not a programme with an announced lock quantum this window.
My research. My portfolio. Free.
Deep research weekly. My real holdings monthly.