PancakeSwap's Q2 began on a happy note with the launch of v3. Nonetheless, Q1 also ended well, as was evident from its network stats. But can we expect CAKE's price to respond positively to these developments?
As per the blog, in the month of March, CAKE’s trading volume reached $7.5 billion and the number of unique traders touched 1.6 million.
PancakeSwap’s burning activity was also high as suggested by the number of tokens burned. The blog stated that more than 28 tokens worth $108 million were burned last month. worth over $4 million was brought back from the market to be burnt in March. It was also mentioned that the total number of CAKE holders reached 1.3 million.’s pools section in March. Apart from this, PancakeSwap took quite a few steps ahead of the v3 launch, including the Farm multipliers adjustments proposal.
The aim of the proposal was to redirect rewards to high-value, high-performing farms—optimizing the network’s emissions. Coming back to the present, the latest development in the PancakeSwap ecosystem was the result of its Ambassador program.
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