Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHADec 5, 2024
Coins
PancakeSwap Debuts 'All-in-One' Pump.fun Contender SpringBoard as Alts Surge
Multichain decentralized exchange PancakeSwap launched SpringBoard, its code-free new token launch platform. SpringBoard is “an all-in-one platform that lets developers, creators, and projects easily create and launch their project’s tokens on BNB Chain PancakeSwap, with no coding,” according to a Dec. 4 announcement. “Whether you're building a meme coin, a community-driven project, or a DeFi project, SpringBoard simplifies the process with just a few clicks, from token creation to liquidity set...
Dec 28, 2023
Markets
PancakeSwap's CAKE Jumps 7% on Proposal to Slash Token Supply by 300 Million
CAKE, the native token of decentralized exchange (DEX) PancakeSwap, is up by almost 7%, following a proposal to reduce its maximum token supply. According to data from CoinGecko, PancakeSwap's CAKE is currently trading at $3.77, up 6.8% on the day and 40% in the last seven days. The proposal to slash the maximum supply of CAKE by 300 million to 450 million has garnered widespread support from the community of token holders, with over 90% voting in favor so far. A vote for the proposal went live...
Apr 27, 2023
DeFi
CAKE Drops 24% on the Week as PancakeSwap Community Mulls Slashing Staking Rewards
PancakeSwap’s native token has been flattened this past week. CAKE token has plummeted roughly 24.4% over the past seven days, per CoinGecko, as a proposed change to the project’s tokenomics looms large. PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain. The project recently forked Uniswap V3’s code and launched its version on Ethereum and Aptos. The core team introduced the proposal to reduce the token’s inflation rate to 3-5% from the current rates above 20%. In plain Englis...
May 20, 2021
The Projects
What is PancakeSwap? How to Use the Binance Smart Chain DEX
Unlike popular, centralized cryptocurrency exchanges like Binance and Coinbase that are operated by a single, corporate entity, decentralized exchanges (DEXs) allow for trading without an intermediary. Many such DEXs are based on Ethereum, where the bulk of the decentralized finance (DeFi) action takes place. However, as rival smart contract blockchains take root, comparable DEXs are springing up elsewhere, sometimes with unique twists. In the case of PancakeSwap, it’s built on Binance Smart Cha...
Apr 9, 2021
DeFi
The Top Performing DeFi Coins in Q1 Were Not on Ethereum
Decentralized finance (DeFi) continues to do exceptionally well in 2021. But the top performing assets so far this year are newcomers—and don’t even run on Ethereum. According to a Q1 Performance Recap report released today by cryptocurrency data provider Messari, the top two performing DeFi cryptos in the first quarter of 2021 were PancakeSwap and Terra. Two clear DeFi winners in Q1:$CAKE + 3,031%$LUNA + 2,784% pic.twitter.com/PRQUx8CZRn — Messari (@MessariCrypto) April 9, 2021 "DeFi" is sho...