Oh là là! PancakeSwap’s CAKE Supply Takes a Tasty Tumble 🍰

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Les Points Essentiels

  • Ah, our beloved PancakeSwap plans to chop the CAKE supply from a hefty 450 million to a mere 400 million, reserving 50 millions for future culinary masterpieces!
  • Around 350 million of these delectable tokens are already circulating, and voilà! An impressive 8.19% of them went poof in 2025 through various magical means such as fees, lotteries, and farming.
  • The community sings praises akin to a choir of angels, and a final decision shall be made by an on-chain vote aimed at achieving a splendid 4% annual deflation.

The illustrious PancakeSwap has announced its intention to reduce the maximum supply of its scrumptious CAKE tokens from 450 million to a slimmed-down 400 million. This delightful move, unveiled on X, is designed to keep those tokens as rare as a fine vintage while still saving a few crumbs for future endeavors.

Currently, we find ourselves with about 350 million CAKE tokens in circulation. So, after this whimsical change, a mere 50 million will remain for the platform’s growth and escapades.

🥞 Ah, the Grand Proposal to Trim CAKE Supply

With the grand unveiling of CAKE Tokenomics 3.0, we’ve achieved a magnificent net burn of approximately 8.19% in 2025

And so, the Kitchen proposes to:
🔹 Reduce CAKE’s max supply from 450M to 400M CAKE

🤝 Your thoughts…

– PancakeSwap (@PancakeSwap) January 13, 2026

In a delightful blog post, our dear ChefMaroon, the sage of business development, remarked, “While this leaves us with ~50M CAKE between the current circulating supply (~350M) and the new max supply (400M), consider it a buffer we don’t anticipate needing. But if the wind blows favorably, we might just dip into it.” Thus far, the community has responded with applause, users showering support like confetti at a wedding.

How PancakeSwap Reduced Its CAKE Supply

Our gastronomic journey began in April 2025 when PancakeSwap decided to bolster its deflation system with the introduction of Tokenomics 3.0. At that time, the daily token emission was trimmed from a dizzying height to a modest 22,500 tokens, and they bid adieu to the veCAKE staking model.

This culinary twist led to a reduction of circulating supply from 380 million to 335 million tokens, and the platform upped the ante on token burns from trading fees, lottery spoils, and initial farm offerings, keeping the deflation trend alive and well. For instance, a staggering 715,000 CAKE disappeared in just one week! Voilà!

PancakeSwap has also amassed around 3.5 million CAKE in its Ecosystem Growth Fund, ready to nourish development before considering any further emissions. It appears the protocol is determined not to return to an inflationary feast, showcasing its commitment to a refined and controlled supply. The latest proposal is now up for an on-chain vote, aiming for a 4% annual deflation rate to keep the token economy as healthy as a freshly baked croissant.

PancakeSwap’s Recent Flourishes and Ambitious Plans

Last year, in 2025, PancakeSwap experienced a surge in activity sharper than a chef’s knife! The platform managed a jaw-dropping $2.36 trillion in trading volume-a staggering 619% increase from the previous year-with 35.37 million unique traders joining the feast. By the end of 2025, its total value was a glorious $2.45 billion, though it has since settled at a humble $2.38 billion.

The platform has spread its wings across ten blockchains and recently launched the fanciful PancakeSwap Infinity, featuring flexible liquidity pools. They also introduced CAKE.PAD, a token access platform that flambéed over 157,000 CAKE! Quel délice!

This proposal is but a chapter in the long and savory history of managing CAKE tokens. Back in 2023, the maximum supply was sliced from 750 million to 450 million through a community vote. In essence, this reduction has kept the token’s value protected over time, ensuring that PancakeSwap’s economy remains steady and predictable, like a well-crafted soufflé!

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2026-01-13 22:26