Update] PancakeSwap ($CAKE) Deflation Kicks In After Tokenomics 3.0
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PancakeSwap’s $CAKE is trading around $2.59, gaining momentum after launching Tokenomics 3.0. The update introduced a 450M supply cap, cut daily emissions from 40K to 22.5K CAKE, and shifted all v3 fees to a buy-and-burn model aiming to reduce supply by 20% by 2030.
In June 2025, over 3.26M CAKE were burned while only 652K were minted, resulting in a net deflation of 2.6M CAKE — the 22nd month of supply reduction. Weekly burns are averaging 339K CAKE (0.12% of supply).
However, governance concerns emerged when 8 wallets locked 25M CAKE to influence the Tokenomics vote, raising centralization fears. Despite this, PancakeSwap is expanding via cross-chain swaps to Arbitrum and zkSync Era, and rebranding to PancakeSwap Infinity.
Analyst forecasts see $CAKE trading between $1.44–$5.20 in 2025, but community trust and adoption will be key for its long-term growth.