PancakeSwap has removed $100 million in $CAKE from circulation

Popular decentralized exchange (DEX) PancakeSwap initiated its weekly burn program in early 2023. During the fourth week of the year, PancakeSwap burned as much as $109 million of its native $CAKE token. PancakeSwap’s burn program The goal of the number one DEX on the BNB Chain is to combat inflationary pressures on the token.  For this PancakeSwap, which has long dominated the BNB chain, has established its burn program. In total as of 2023, the decentralized exchange (DEX) has removed more or less 28 million $CAKE tokens, given the current value of the native token, the price converted to dollars