PancakeSwap Released Monthly Report for October

PancakeSwap released its October CAKE burn report, marking the 38th consecutive month in which burns exceeded minting. The protocol minted 674,316 CAKE and burned 1,790,527 CAKE, reducing net supply by 1,116,211 CAKE, or 0.339%.Refer to the official tweet by CAKE: BURN REPORT — October 2026October marked 38 straight months of PancakeSwap burning more than it minted.🥧 Minted: 674,316 CAKE🔥 Burned: 1,790,527 CAKE📉 Net supply: −1,116,211 CAKE🔻 Supply burned: −0.339%Full Burn Report ↓CAKE InfoPancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It uses an automated market maker (AMM) model, which allows users to trade directly with a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. Users can also earn rewards by providing liquidity or staking LP tokens. The native utility token of PancakeSwap is CAKE, which can be used for staking to earn rewards, participating in lotteries, and voting in governance decisions.