PancakeSwap has once again become a hot topic of discussion after officially introducing CAKEPAD. This multi-chain platform is touted as a gateway for users to participate early in the launch of new tokens before they are listed on major exchanges.
The participation system offered is also more flexible, as it does not require long-term staking. Simply by staking CAKE or providing related liquidity, users can participate in the initial stages of token distribution.
The market responded quickly. Within 24 hours of the announcement, the price of CAKE saw a surge of more than 7%. The main catalyst came from the rule that all CAKE fees used in the CAKEPAD event would be permanently burned, reducing the token supply and intensifying deflationary pressures.
The logic is simple: the more limited the number of tokens on the market, the greater the opportunity for their value to increase. Furthermore, this burning policy is seen as PancakeSwap’s way of maintaining community interest and loyalty.
Market optimism was also fueled by the open admission of analyst CrediBULL Crypto to begin accumulating CAKE. He believes this asset is in an attractive phase for the medium to long term, even suggesting there’s a chance of a major rebound to new highs.
This view often spreads quickly among traders, and its psychological effect can encourage fresh capital inflows.
However, what makes PancakeSwap’s story even more solid is the data support. According to DefiLlama, the protocol’s Total Value Locked (TVL) currently stands at around $2.69 billion across various networks combined.
BNB Chain accounts for over $2.30 billion, with the remainder spread across Solana, Base, Arbitrum, Ethereum, and other layer-2s. This figure confirms PancakeSwap’s position as one of the largest DeFi protocols and remains a primary reference for liquidity. Such high TVL data isn’t just a number on a screen; it also reflects the level of user confidence in investing in this platform.
Furthermore, CNF previously reported on PancakeSwap’s launch of the V3 Liquidity Pool on Solana in early July. This product offers a concentrated liquidity model with ultra-low swap fees, starting at just 0.01%.
Liquidity providers on Solana can even enjoy up to 84% of total trading fees. For the efficiency-hungry Solana community, this feature is welcome news.
Furthermore, in early June, PancakeSwap also announced a partnership with WLFI to support the adoption of a USD1 stablecoin on the BNB Chain.
Through a multi-week bounty campaign, projects are required to create USD1 trading pairs and compete based on volume, pool size, and long-term contribution to the ecosystem. This strategy clearly expands PancakeSwap’s functionality beyond just a traditional token exchange to become a driver of new stablecoin adoption.
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