$CAKE is trading at $2.653—up 10.6% in the last 24 hours—with a 24-hour volume of $141.06 million and a market cap of $842.45 million. This rally has been driven by PancakeSwap’s recently resumed weekly CAKE token-burn program, which removed over 150 K $CAKE from circulation last Friday and tightened supply; the launch of CAKE V3 concentrated-liquidity vaults across BNB-side chains, which has drawn yield-hunters back into high-efficiency farms; and a broader BNB Chain DeFi revival, with DEX volumes hitting multi-month highs and rotating fresh capital into top-tier protocols like @PancakeSwap.