PancakeSwap, the leading DEX on Binance Smart Chain, has announced that it will retain its native CAKE token as a deflationary asset instead of using it as an incentive token. The DEX has regular burns and deflation to maintain the token's value. CAKE has experienced stability and has returned to levels not seen since 2022. Other DEXs have been adopting a model of tokenized incentives, but PancakeSwap believes this would lead to token inflation for CAKE. The primary engine for CAKE's future growth is the upcoming launch of PancakeSwap V4, which will introduce new trading conditions and restrictions. PancakeSwap is already a multi-chain DEX and has recently joined the top 10 daily fee producers.



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