PancakeSwap CAKE token shifts toward deflationary model via supply burns

PancakeSwap's native token, CAKE, is undergoing a transition toward a deflationary model. In July, the platform burned 1,944,441 CAKE tokens, valued at approximately $2.73 million, resulting in a net monthly supply decrease of 1,270,125 tokens.

Analytic reports indicate that CAKE is moving away from an inflationary