PancakeSwap destroyed more than 1.38 million CAKE in June, and the total supply has decreased for ten consecutive months

Odaily News According to official news, PancakeSwap issued a statement saying that as of July 3, PancakeSwap had destroyed 0.101% of the total supply of CAKE tokens in June, and the total supply of CAKE has been reduced for ten consecutive months. In June, a total of 997,924 CAKEs were minted and 1,386,355 CAKEs were destroyed; the net minting amount was -388,431 CAKEs, indicating that the amount of CAKE destroyed that month was more than the amount of CAKE minted.