# PancakeSwap (CAKE) Supply & Demand: −1.49% Supply in 90 Days

*Live page: https://mrnasdog.com/research/cake · checked Oct 22 2026*

PancakeSwap (CAKE) supply changes **−1.49%** over the next 90 days and **−6.04%** over a year (checked Oct 16 2026).

- **Signal:** positive (by the law of supply and demand)
- **Score:** 8.5/10 — supply 5/5, demand 3.5/5
- **Supply growth:** −1.49% in 90 days · −6.04% in a year
- **How much people want it:** strong (3.5/5)
- **Price drivers:** 2 ▲ price up · 0 ▼ price down

## Supply: how much new CAKE is coming

PancakeSwap's weekly fee buyback burns about three CAKE for every new one: supply down 1.51% in 90 days.

Over the next 90 days CAKE supply changes −1.49%; across a full year, −6.04%. That puts supply at 5/5 (shrinking), #106 of 101 for new supply.

## Demand today

People's appetite for PancakeSwap is **strong**: 3.5/5, ranked #19 of 110.

A deeper CAKE demand breakdown is on the page for members.

## CAKE price drivers the score does not count

Besides supply and demand, we track 2 price drivers for PancakeSwap: 2 ▲ and 0 ▼ right now.

### ▲ BNB Chain trading

BNB Chain DEX trading is about a quarter of Oct 2025's peak

More BNB Chain trading → price up · Trading leaves BNB Chain → price down. Now: ▲ up side.

| Period | Value |
|---|---|
| Apr 2026 | $21.1B |
| May 2026 | $23.2B |
| Jun 2026 | $24.9B |
| Jul 2026 | $29.1B |
| Aug 2026 | $35.1B |
| Sep 2026 | $33.9B |

*Checked Oct 16 2026*

### ▲ Market share

PancakeSwap still handles about four in five BNB Chain DEX trades

Good for the price: PancakeSwap wins more trades. Bad for it: Rivals take trades. Today: the price-up case.

| Date | Share of BNB Chain DEX trading | Share of all DEX trading |
|---|---|---|
| Jul 31 2026 | 50.3% | 8.9% |
| Aug 31 2026 | 61% | 10.9% |
| Sep 30 2026 | 75.1% | 9.3% |
| Oct 15 2026 | 78.9% | 8.5% |

*Checked Oct 16 2026*

## PancakeSwap supply questions, answered

### Is PancakeSwap (CAKE) inflationary or deflationary?

As of Oct 16 2026, PancakeSwap (CAKE) supply moves −1.49% in 90 days and −6.04% in a year, so CAKE is deflationary. Burns or buybacks take out more CAKE than is created.

### What is the CAKE inflation rate in 2026?

PancakeSwap (CAKE) supply shrinks −6.04% over the next 12 months and −1.49% over the next 90 days (checked Oct 16 2026).

### When is the next CAKE token unlock?

No dated PancakeSwap (CAKE) unlock is scheduled in the next 90 days (checked Oct 16 2026). New CAKE still arrives: about 1.77M CAKE in 90 days.

### Does PancakeSwap burn or buy back CAKE?

Yes. In our count, about 6.51M CAKE is expected to leave the market over the next 90 days through burns, buybacks or locks (checked Oct 16 2026). How it works: Swap fees buy CAKE every week and burn it: 7.15M CAKE in 13 burns, about $14.0M. At today's price the same dollars burn about 6.50M in the next 90 days, more than three times what is added.

### Where does new CAKE supply come from?

In our count, about 1.77M new CAKE reaches the market over the next 90 days (checked Oct 16 2026). How it works: Farm rewards kept about 1.61M new CAKE in 90 days (most of each block's mint is burned straight back), and old locks returned 0.73M. Nothing vests; the team's ecosystem wallet (5.57M) only took coins in.

### How much CAKE is in circulation?

PancakeSwap (CAKE) has about 318M coins in circulation as of Oct 16 2026; the next 90 days change that by −1.49% (−6.04% over a year).

### Does CAKE have more new supply than STX, NIGHT or XDC?

Over the next 90 days (checked Oct 16 2026): CAKE −1.49%, STX +1.27%, NIGHT 0.00%, XDC +0.09%. CAKE has the least new supply of these 4 coins.

## Go deeper on PancakeSwap

- Every CAKE unlock and burn, explained: https://mrnasdog.com/research/cake/inflation
- Compare CAKE supply with 100+ coins: https://mrnasdog.com/token-supply
- The MrNasDog Pressure Framework: https://mrnasdog.com/research/pressure-framework/full

*Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice.*