Interesting#DEFIdata observation! @PancakeSwap#CAKEAfter changing the economic model, burning began to increase. Last week, more than 9 million tokens were burned, and the overall deflation was 257,000.
Compared with the largest DEX #UNI, the current trading volume is only 3 times different. UNI is 1.8 billion/week and CAKE is 600 million/week, which is 3 times the difference. But here comes the problem. Comparing the market value, UNI MC has a market value of 2.9 billion and CAKE MC has a market value of 513 million. The difference is 6 times.
So cz_binance, which is supported by my cousin, seems to be underestimated? ! Cake is backed by binance’s huge traffic and has natural advantages. Coupled with the recent launch of the wallet, the built-in default DEX should be CAKE! look forward! Not intended as investment advice. DYOR.
#BBW2023