February closed with 30 straight months of net CAKE supply reduction and continued deflationary momentum. The burn train keeps rolling.
More than -44,788,821 CAKE has now been permanently burned, reinforcing a healthier, more sustainable token economy powered by real usage across PancakeSwap’s products. This consistency highlights the protocol’s maturity and our long-term approach to emissions and value creation.
Track every burn in real time on the Burn Dashboard
The Kitchen put out a new proposal for all Treasury-bound protocol fees from major stablecoin pools on PancakeSwap to be retained in stablecoins, while fees from non-stablecoin pools continue to be converted into CAKE. The aim of this proposal is to improve Treasury efficiency by removing redundant conversions.
The community voted in favor and the proposal was implemented on Mar 2, 2026. This change removes unnecessary conversions, improves Treasury operational efficiency, and keeps PancakeSwap's long-term tokenomics direction on track.
PancakeSwap has been absolutely cooking on Base, and this month’s stats speak for themselves:
#1 Volume Pools on Base: PancakeSwap’s cbBTC-WETH pool is the top volume pool on Base, blowing past $100M in 24-hour volumes. Consistently. That's not a one-off spike, that's PancakeSwap demonstrating it’s the preferred trading venue for core pairs.
$96B+ in Total Volume: PancakeSwap just crossed $96 billion in total volume on Base, with 140,000+ trades executed across the ecosystem. The growth on Base is only accelerating.
Base AI agent liquidity pools: now live on PancakeSwap with extra CAKE incentives. Whether you're into BNKR, CLANKER, MOLT, CLAWD, CLAWNCH, or KellyClaude, these pools are live and loaded with rewards.
13 New Incentivized Base v3 Pools: thirteen new incentivized v3 pools just landed on PancakeSwap, powered by Brevis Incentra. Provide liquidity and start stacking APRs. More pools, more yield, more opportunity.
PancakeSwap's Base CAKE.PAD mini-app has landed on the Base App. This is a seamless new entry point for users to access exclusive Base CAKE.PAD events directly within the Base App ecosystem. No extra steps, no friction, just more access to the action. Stay tuned for exclusive Base CAKE.PAD events dropping through the Mini App soon.
The LP experience on PancakeSwap just got a serious upgrade, as My Positions has been revamped with improved visibility into your rewards and performance, making it easier than ever to track exactly how your liquidity is working for you.
To our amazing community, this one's for you. The PFPancake Generator is now live, and you can create your very own PancakeSwap-themed profile picture for X in just a few clicks.
Show your PancakeSwap PFP and you might even get a follow from us. Get yours from the PFP generator now: https://pfp.pancakeswap.finance/
At Consensus Hong Kong, PancakeSwap joined Solana's Accelerate HK DeFi Panel, where our BD Chef shared how we have been expanding on Solana and building alongside one of the most vibrant ecosystems in the space.
PancakeSwap also joined BNB Chain and key partners in co-hosting a meet-up event that explored tokenization, emerging market shifts, onchain finance, and the future of DeFi.
That's a wrap on February! From 30 straight months of burns, to a brand new Base Mini App, product upgrades, AI agent pools, and global stages, the Kitchen is staying busy and there’s a lot more coming.
Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.
The Chefs 🥞