The PancakeSwap community will consider passing 88% of transaction fees to liquidity providers and reducing the daily CAKE emission from 22,500 to 7,000.
Decentralized cryptocurrency exchange PancakeSwap has launched a new governance vote that could significantly alter the distribution of fee revenues and the production speed of the CAKE token. If the proposal, dubbed “The Flip,” is accepted, 88% of transaction fees in the V3 and Infinity pools will go to liquidity providers.
In the current system, the share received by liquidity providers ranges from 66% to 68% in most pools. The new model aims to give users who provide capital to the pools a higher share of transaction fees.
Another important part of the proposal concerns CAKE emissions. The plan is to gradually reduce the daily amount of CAKE tokens produced from 22,500 tokens to 7,000 tokens. This change represents a reduction of approximately 69%. Lower emissions may reduce the amount of new tokens entering the market, but it alone does not guarantee an increase in the CAKE price.
Voting began on October 21st and will continue until October 24th. If the proposal is accepted by the community, implementation is expected to begin gradually in November. Therefore, the announced rates are not yet in effect.
Prior to the vote, PancakeSwap’s total locked assets increased by approximately 19 percent in a week, rising from $2.02 billion to $2.4 billion. The majority of this increase occurred in V3 pools, where locked assets rose from approximately $336 million to $739 million.
PancakeSwap also accounts for approximately 71% of the decentralized exchange volume on BNB Chain. With a trading volume reaching $4.67 billion over the last seven days, the change in fee distribution is significant for both liquidity providers and CAKE holders.
*This is not investment advice.
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Decentralized exchange PancakeSwap’s total value locked (TVL) grew nearly 19% over the past week, adding about $380 million as the protocol moves toward a major overhaul of how it distributes trading fees to liquidity providers.
According to DefiLlama, PancakeSwap’s TVL climbed to $2.4 billion on Wednesday, up from about $2.02 billion on Oct. 14. The increase was concentrated in its V3 liquidity pools, where TVL more than doubled to about $739 million from $336 million over the same period.
The growth coincided with PancakeSwap opening a governance vote on a proposal called “The Flip,” which would increase liquidity providers’ share of swap fees on V3 and Infinity pools to 88%, up from 66%-68% on most pools.
The proposal would also gradually reduce daily CAKE token emissions by approximately 69%, from 22,500 to 7,000 tokens. Voting opened on Wednesday, Oct. 21, and will run until Oct. 24, with implementation expected to begin in November if approved.
PancakeSwap leads BNB Chain trading as tokenized stocks expandPancakeSwap accounted for approximately $4.67 billion in decentralized exchange trading volume on BNB Chain over the past seven days, representing about 71% of the network’s total, according to DeFiLlama. The network also hosts most of PancakeSwap’s liquidity, accounting for roughly $2.33 billion of its $2.40 billion in TVL.
The activity comes amid broader growth across BNB Chain’s DeFi ecosystem. That network’s TVL climbed approximately 8.3% over the past seven days to $5.84 billion, according to DeFiLlama. Decentralized exchange trading volume also surged 40.2% to $6.54 billion over the same period, even as its stablecoin market capitalization declined 0.6% to $13.1 billion.
Beyond crypto, BNB Chain has also seen an expansion in tokenized equities, a market in which PancakeSwap has an established presence. The decentralized exchange began supporting Binance’s bStocks in June, allowing users to trade tokenized US stocks onchain.
On Oct. 15, Binance announced that bStocks surpassed $1 billion in assets under management, approximately four months after launching. The company reported more than $40 billion in cumulative trading volume and said 11.2% of bStocks’ value was deployed in DeFi in early October.
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On October 14, PancakeSwap’s core team — known as the Kitchen — published a governance proposal called “The Flip: Liquidity Should Get Paid More.” If it passes, liquidity providers on PancakeSwap v3 and Infinity would keep 88% of swap fees instead of the roughly 66–68% they earn today, while CAKE emissions would fall by about 69%, from 22,500 to 7,000 tokens per day. The plan, set out on PancakeSwap’s governance forum, is an attempt to fund liquidity through real trading volume rather than newly minted CAKE.
The change would apply to every v3 fee tier and Infinity pool across all 11 chains PancakeSwap supports — BNB Chain, Ethereum, Arbitrum, Base, Solana, Robinhood, Monad, Arc, zkSync, Linea and opBNB — with the remaining 12% of fees going to the Treasury. The older v2 pools, whose fees are hard-coded and which still send 23% of swap fees to CAKE burns, would stay unchanged.
How the 88/12 Split Changes What LPs and Traders Get Based on 2025 volume, the Kitchen estimates LPs would have earned about $62 million more in fees under the new split — roughly $880 of every $1,000 in pool fees, up from the $660–$680 they keep today. Traders would pay the same fee tiers, but the proposal argues deeper liquidity works in their favor: the Kitchen projects up to about 30% more liquidity in the same pools, 20–25% less price impact per trade, and less room for sandwich attacks and other MEV.
There is a caveat on existing Infinity pools. Because their LP fees are fixed at creation, a lower protocol fee would cut the total swap fee instead — a 1% pool, for example, would become roughly 0.76%, with about 0.67% going to LPs and 0.091% to the protocol.
The 69% CAKE Cut: Deflation Funded by Fees, Not New Supply The second half of the proposal is a sharp reduction in token emissions. Post-veCAKE emissions would drop from 22,500 to 7,000 CAKE per day — about 15,500 fewer CAKE minted daily, or roughly 5.7 million fewer per year. The remaining 7,000 daily CAKE would go to a new discretionary ecosystem fund the Kitchen calls “the Pantry,” rather than being burned.
CAKE is already ahead of its Tokenomics 3.0 schedule: supply is down 11.5% since that April 2025 proposal, and the Kitchen says v2 burns alone keep the token net-deflationary at roughly 190,000 CAKE per week — about 9.9 million, or ~3%, per year. That pace would clear the remaining ~31.6 million CAKE needed to hit the 2030 supply-reduction target around the end of 2029.
What Still Has to Happen: The Vote and the Risks “The Flip” is still a discussion, not a decision. It must pass a Snapshot vote, and if approved the Kitchen plans to begin implementation in November 2026 and finish by the end of January 2027. The projections are estimates: the $62 million LP figure assumes 2025 trading volume repeats, and the liquidity and price-impact improvements depend on LPs actually adding the capital the higher fee share is meant to attract.
The trade-off is also structural. Giving LPs 88% leaves the Treasury with 12%, and the 7,000 daily CAKE the proposal keeps minting flows to a discretionary fund rather than to holders or a burn. For the multi-chain DEX and its token, the question the vote will settle is whether trading fees alone can sustain the liquidity that record trading volume has historically depended on incentives to maintain.
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The proposal, still up for forum discussion, would also shrink daily CAKE emissions by about 69%, and early forum replies show holders worried about the token's burn.
PancakeSwap proposes giving LPs 88% of swap fees while cutting CAKE emissions
Posted October 15, 2026 at 7:01 am ET.
PancakeSwap’s core team wants liquidity providers on its newer pools to keep far more of the trading fees they generate, and to rely less on freshly minted CAKE to attract them.
In a forum post published on Oct. 14, the team, which posts as The Kitchen, laid out a plan it calls “The Flip.” Under the plan, liquidity providers on v3 and Infinity pools would take home 88% of swap fees on each of the 11 chains PancakeSwap supports, among them BNB Chain, Ethereum, Base and Solana. LPs on most pools currently keep between 66% and 68%. The remaining 12% would go to the PancakeSwap Treasury.
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Fewer Tokens Minted The proposal pairs the fee change with a cut in daily CAKE emissions from 22,500 to 7,000, which the team described as an effective reduction of about 69%. That means 15,500 fewer CAKE created each day, or roughly 5.7 million a year. The 7,000 CAKE still issued daily would fund a new ecosystem pool called the Pantry, which the team said it would spend on marketing, partnerships and seeding liquidity in new pools.
“Growth is paid for by activity on the platform, not by minting more CAKE,” the post said.
By the team’s math, LPs on v3 and Infinity would have collected about $62 million more in fees on 2025 trading volume under the new split. Fee tiers for traders would stay the same. The v2 pools, whose fees are hard-coded, would not change and would keep sending 23% of their swap fees to the CAKE burn.
For existing Infinity pools, where LP fees were locked in at creation, the smaller protocol cut would lower the total fee instead. A 1% pool, for example, would drop to about 0.76%.
The team argued that “v2 alone keeps CAKE net deflationary,” pointing to an average net supply drop of about 190,000 CAKE per week over the past 10 weeks. It said that pace keeps CAKE on track for the roughly 20% supply reduction by 2030 set under Tokenomics 3.0, which passed in April 2025, with supply already down 11.5% since then.
Holders Push Back Most early replies on the thread were critical, and several commenters said burns would shrink. “v3 and Infinity stop burning CAKE. Why don’t you state this clearly?” wrote a user posting as Juapia, who suggested routing part of the 12% to burns.
Another user, matrdolfo, who said they have held CAKE since 2021, wrote that they were “fundamentally opposed to the final outcome.” A third, PancakesLover, wrote, “I would personally vote against this change.”
CAKE traded at $2.20 on Oct. 15, down about 6.8% over 24 hours, according to CoinGecko data.
In December 2023, PancakeSwap’s community voted to cut CAKE’s maximum supply from 750 million to 450 million. Holders approved a second cut in January 2026, lowering the cap to 400 million in a Snapshot vote that closed Jan. 19.
If The Flip passes, rollout would start in November and wrap up by the end of January 2027, according to the proposal. The plan has not yet gone to a Snapshot vote, and the team said it “will review all feedback before publishing the final proposal for voting.” No vote date has been set.
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AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
PancakeSwap has proposed raising the LP share of v3 and Infinity swap fees to 88% and cutting daily $CAKE emissions by about 69% to 7,000. CZ has backed the plan.
PancakeSwap has proposed a bigger cut of swap fees for liquidity providers (LPs) and a sharp reduction in new $CAKE issuance. @cz_binance has backed the plan on X, writing: "More liquidity rewards. Less emission."
@PancakeSwap's core team, known as the Kitchen, calls the plan "The Flip." According to the proposal on PancakeSwap's forum, LPs on v3 and Infinity would keep 88% of swap fees across all 11 supported chains, up from around two-thirds on most pools today. The remaining 12% would go to the Treasury, and v2 would stay unchanged.
What changes for LPs and $CAKEOn emissions, the proposal would cut effective $CAKE issuance by about 69%, from 22,500 to 7,000 tokens per day. The forum post says those 7,000 tokens would go to the Pantry, a new ecosystem growth fund. The Kitchen argues that with LPs keeping more fees, emissions are no longer needed at today's level.
The fee increase would differ by pool. Reporting by The Defiant notes that PancakeSwap's fee documentation lists LP shares of 66% to 68% on EVM v3 pools and 84% on Solana v3 pools. The same report says existing Infinity pools work differently: their LP fees are fixed at creation, so lowering the protocol charge would reduce the total swap fee rather than raise the LP share.
The Kitchen estimates v3 and Infinity LPs would have earned about $62 million more if the new split had applied to 2025 trading volume, according to DeFi Prime. That figure is a historical simulation, not a forecast of future revenue.
v2 burn stays, vote still aheadThe v2 fee structure, which includes a mechanism that buys back and burns $CAKE, would remain intact, Crypto Briefing reports. The same report cites a net $CAKE supply reduction of roughly 15% to 16% as of October 2026, with supply falling from about 392 million tokens in September 2023 to around 330 million. The forum post says $CAKE stays on track for a 20% supply reduction by 2030 under the proposal.
The plan is still at the discussion stage. The Kitchen intends to review forum feedback before publishing a final proposal for a Snapshot vote, and no changes have passed yet, DeFi Prime reports. TechFlow reports that, if approved, the adjustments are scheduled to begin in November 2026 and be fully deployed by the end of January 2027.
Sources:
PancakeSwap Forum: The Flip proposal discussion
DeFi Prime: PancakeSwap proposes 88% LP fee share and lower $CAKE emissions
The Defiant (via Cryptonews): PancakeSwap Proposes 88% LP Fee Share and 69% CAKE Emissions Cut
PancakeSwap wants to give liquidity providers a much bigger slice of the pie. A new discussion-stage proposal would send 88% of trading fees from its v3 and Infinity pools directly to the people supplying the liquidity.
The rest would flow to the protocol treasury. Meanwhile, the CAKE emissions picture is getting leaner too, with the plan framed around a roughly 69% total cut to emissions.
What the proposal actually changes
PancakeSwap’s newer pool designs, v3 and Infinity, use concentrated liquidity. That means LPs can park their capital in specific price ranges instead of spreading it thin across every possible price.
Under the plan, 88% of the fees those pools generate would go to LPs. The remaining share would be directed to the treasury rather than elsewhere in the system.
The older v2 pools are left alone. Their existing fee structure, which includes a mechanism that buys back CAKE and burns it, stays intact.
The emissions side ties back to earlier changes. Tokenomics 3.0, introduced in April 2025, reduced daily CAKE emissions by roughly 44%, from about 40,000 tokens to around 22,500. Factoring in the latest proposal, the cumulative reduction comes to roughly 69%.
It is worth stressing that this is still at the discussion stage. Nothing has been voted through yet.
The deflation scoreboard so far
As of October 2026, the protocol reports a net CAKE supply reduction of roughly 15-16%. Supply has fallen from about 392 million tokens in September 2023 to around 330 million.
The protocol has recorded 37 consecutive months of net burns since September 2023, meaning more CAKE has been destroyed than created every single month in that stretch.
Weekly data from mid-October 2026 points the same direction, with approximately 529,000 CAKE burned in a recent period against lower emissions.
The broader framework behind all this goes by the name “The Kitchen.” Tokenomics 3.0 set a target of around 4% yearly deflation, funded by buybacks drawn from protocol revenue.
On the product side, Infinity has become a serious volume engine. Its pools have logged cumulative trading volume of more than $150 billion.
On some chains, Infinity already hands LPs up to 90% of fees. Robinhood Chain is one example. So the 88% figure for v3 and Infinity is less a radical leap and more a move toward standardizing a generous split across the board.
Background: from farm token to fee machine
PancakeSwap is one of the largest decentralized exchanges operating mainly on BNB Chain. For years, the main lever protocols pulled to attract LPs was token emissions. PancakeSwap’s recent tokenomics overhauls have been an attempt to replace that subsidy with real trading fees.
What this means for LPs, CAKE holders and the treasury
For CAKE holders, cutting emissions reduces new supply hitting the market, which supports the deflationary narrative. Keeping the v2 burn intact preserves at least one direct link between trading activity and token destruction.
Sending the non-LP share of v3 and Infinity fees to the treasury, rather than into buybacks, is a choice worth watching. A treasury can fund development, partnerships, or future burns, but holders will want clarity on how those funds get used.
Lower emissions mean fewer token rewards for LPs, so the higher fee share partly compensates for that lost income. Whether the trade is a net gain for LPs depends heavily on how much volume the pools keep generating.
The key things to watch are the governance discussion itself, any changes to the 88% figure as the community weighs in, and whether a formal vote follows. After that, the real test is whether LP deposits and trading volume in v3 and Infinity pools respond to the new split.
The 37-month net burn streak is the other number to keep an eye on. With v2 still handling the burn, a meaningful shift of volume toward v3 and Infinity could change how quickly CAKE supply shrinks from here.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
At 07:48 UTC on October 14, 2026, PancakeSwap’s Kitchen opened forum post 3031 with The Flip proposal. It would give liquidity providers 88% of swap fees on v3 and Infinity, leave 12% for the Treasury, and cut daily $CAKE emissions from 22,500 to 7,000.
The proposal is still a discussion draft. The Kitchen plans to review forum feedback before publishing a final proposal for a Snapshot vote. No fee split or emissions change has passed yet.
The design joins two decisions that PancakeSwap previously handled with separate incentives. One reallocates trading revenue from the protocol to LPs. The other removes most of the token emissions now used after veCAKE. LPs would rely more heavily on fees generated by actual swaps, while the Kitchen would retain a smaller protocol share and a new emissions budget for ecosystem spending.
The 88/12 fee split
Every v3 fee tier and Infinity pool on PancakeSwap’s 11 supported chains would move to an 88/12 split. LPs on most pools currently retain around two-thirds of the fees they generate. The proposal therefore moves roughly one-third more fee revenue to LPs at the same trading volume.
The change would apply automatically to every v3 and Infinity position. LPs would not need to claim, stake or lock anything new. Fees would continue accruing to positions through the existing process, but a larger portion would go to the LP.
PancakeSwap illustrates the split with a pool that generates $1,000 in swap fees. Under The Flip, its LPs would keep $880. The Kitchen estimates that v3 and Infinity LPs would have received about $62M more if the proposed split had applied to PancakeSwap’s 2025 volume. That estimate is a historical simulation, not a forecast of future revenue. It depends on future volume and liquidity being comparable with the period PancakeSwap used.
The redistribution also changes which part of the system pays for liquidity. Under the proposed split, the Treasury accepts a smaller portion of swap fees so positions receive more of the revenue already produced by trading. The separate emissions cut then reduces the amount of newly minted $CAKE available as an incentive. PancakeSwap describes the combined goal as funding growth through platform activity instead of new supply. This makes pool volume more important to LP compensation and leaves the Treasury with the stated 12% protocol share on v3 and Infinity.
The automatic application matters operationally. A v3 or adjustable Infinity LP would not have to exit a position, enter a new staking contract or make a separate claim to receive the new share. The proposal says fees would accrue as they do now. That removes a migration step, but it does not make every position equally profitable. The Kitchen’s $62M estimate aggregates the result across the prior year’s volume. It does not allocate that amount among fee tiers, chains or individual LP ranges.
The proposal keeps the published fee tiers unchanged for new and adjustable pools, so a trader using those pools would pay the same listed fee. PancakeSwap argues that the richer LP share could support up to 30% more liquidity because providers add capital until returns return to a competitive level. It projects that deeper pools could cut price impact by as much as 20% to 25% for the same trade. Those outcomes are estimates in the proposal, not guaranteed consequences of the fee switch.
Existing Infinity pools need separate treatment. Their LP fees were fixed when each pool was created. For those pools, lowering the protocol fee would lower the total swap fee instead of increasing the LP portion. PancakeSwap gives the example of a pool with a 1% fee falling to about 0.76%, with 0.67% going to LPs and about 0.091% going to the protocol. The proposal does not say that existing positions in those pools will be recreated with a higher LP rate.
PancakeSwap v2 would remain outside the change because its fees are hard-coded. The proposal says v2 sends 23% of swap fees to burn and remains the protocol’s main $CAKE burn engine. Keeping v2 unchanged preserves that burn route while v3 and Infinity move to the new split.
For LPs, the immediate mechanism is clear: eligible positions receive a greater share of each fee without a migration or a new lock. Actual dollar income would still depend on pool volume, capital concentration, position range and the amount of competing liquidity. The proposal supplies a protocol-wide historical estimate, not a return estimate for any position.
For traders, the direct effect differs by pool. Published fee tiers stay the same where the split can be adjusted, while qualifying legacy Infinity pools may have a lower total fee. Any reduction in price impact depends on LPs adding enough capital after the economics change. PancakeSwap also expects deeper pools to leave less room for sandwich attacks and similar MEV because those strategies profit from price impact.
Emissions move to the Pantry
The Flip would cut post-veCAKE emissions by about 69%. Daily issuance would fall from 22,500 $CAKE to 7,000 $CAKE, reducing minting by 15,500 $CAKE per day and about 5.7M $CAKE per year. The remaining daily emissions would go to a new ecosystem fund called the Pantry rather than being distributed through the current emissions program.
The Kitchen says it would deploy the Pantry flexibly for marketing, partnership deals and bootstrapping liquidity in new pools. The draft does not set fixed allocations among those uses. It also does not describe spending caps, recipient-selection rules or a separate Pantry approval process. Those omissions matter because the proposal would concentrate the remaining emissions in a fund administered by the Kitchen. The final governance text can answer whether Pantry spending will require public proposals, reporting or other controls.
The emissions cut is paired with the larger fee share on purpose. PancakeSwap’s stated model is to make trading fees the primary way it attracts liquidity instead of minting more $CAKE for that role. LP compensation would therefore become more sensitive to organic trading activity. The Pantry would preserve a smaller token budget for pools or partnerships that the Kitchen decides need direct support.
The proposal places the cut against Tokenomics 3.0, which passed in April 2025 and targeted a roughly 20% supply reduction by 2030. PancakeSwap says supply has declined 11.5% in the 18 months since that vote. Using the average net burn from the previous 10 weeks, it reports a decline of about 190,000 $CAKE per week after emissions, equivalent to about 9.9M $CAKE or 3% per year.
That burn rate is backward-looking. PancakeSwap projects that maintaining it would remove the remaining 31.6M $CAKE needed to reach the Tokenomics 3.0 target around the end of 2029. The calculation depends on v2 activity, burns and the proposed emissions level continuing at the assumed pace. The draft says v2 alone would keep supply net deflationary, but the realized path will vary with usage.
For $CAKE holders, the change would reduce new supply while creating a discretionary destination for all remaining daily emissions. That trade is different from a complete end to issuance. The Pantry would still receive 7,000 $CAKE each day, and the value of that budget would depend on how the Kitchen deploys it. Holders assessing the proposal need both sides of the mechanism: less minting overall and more centralized discretion over what is still minted.
Governance and rollout
The forum post starts the governance process rather than completing it. The Kitchen asked LPs, traders and $CAKE holders to submit feedback, then said it would review the comments before publishing the final proposal for a Snapshot vote. The Snapshot text may therefore differ from the current forum draft.
If voters approve the final version, implementation is scheduled to begin in November 2026 within two weeks of passage. PancakeSwap expects a rollout lasting about three months and finishing by the end of January 2027. The team plans to announce each chain as it goes live, so the economics may change network by network rather than at one instant.
That sequence gives operators two checkpoints. The first is the final Snapshot proposal, where the Pantry’s controls and the treatment of existing Infinity pools can be compared with the discussion draft. The second is each chain announcement, which determines when positions on that network begin using the new split. Until the vote passes and a chain goes live, LPs should not model the 88% share as active revenue.
The unresolved governance question is how much discretion the final proposal gives the Kitchen over the Pantry. The forum draft names possible uses but no allocation, reporting or approval rules. The next formal milestone is the Snapshot vote, followed, if approved, by the first chain implementation in November 2026.
PancakeSwap (CAKE) burned 529K CAKE ($1.28M) last week against roughly 150K in new emissions, cutting net supply by 379K tokens. Here is where the burns came from.
@PancakeSwap destroyed 529K $CAKE (about $1.28M) over the past week, while new emissions came to roughly 150K tokens. That left the supply of PancakeSwap's native token down by a net 379K CAKE, worth about $912K.
Where the burns came fromThe v2 trading pools drove the biggest share at 270K CAKE, up 24% on the week. Burns from v3 pools fell 24% to 192K CAKE, while the newer Infinity pools added 41.3K CAKE.
The weekly figure is in line with recent readings.
Why CAKE burns more than it mintsThe pattern reflects a deliberate redesign of the token's economics.
Supply limits have since tightened further.
Burns are funded by product usage rather than by treasury sales. That link to trading activity helps explain why burn totals move with volume across the v2, v3 and Infinity pools.
The track record is also long. Weekly numbers still vary, so a single week of net burns says little on its own about the longer trend.
Sources:
Cryptowisser: PancakeSwap burns $1.28M in CAKE as weekly deflation continuesAMBCrypto: PancakeSwap tightens CAKE supply ceiling following tokenomics overhaulTokenomics.com: PancakeSwap tokenomics and CAKE burns
PancakeSwap Infinity has crossed $150 billion in cumulative trading volume. The milestone comes about a year and a half after the upgraded decentralized exchange went live in April 2025.
From $113 billion to $150 billion Infinity is the major upgrade of PancakeSwap’s exchange, previously known as v4. By April 2026, the platform had logged more than $113 billion in volume across over 250 million transactions.
As of October 2026, cumulative volume had pushed past $150 billion. Put simply, the platform added tens of billions of dollars in trading in roughly six months.
Daily volume in Infinity pools runs between $270 million and $290 million, with stablecoin pairs and meme and token pairs on BSC doing much of the heavy lifting.
Most of that trading flows through a CLAMM, or centralized liquidity automated market maker, design. An automated market maker is essentially a vending machine for tokens: instead of matching buyers with sellers, traders swap against a pool of assets that liquidity providers deposit, and a formula sets the price.
Hooks, gas savings, and a multichain map Infinity’s selling point is customization. The protocol supports “hooks,” which let developers attach their own logic to a liquidity pool.
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As of April 2026, Infinity hosted approximately 60,000 hooked liquidity pools.
The protocol also supports native token handling and lower gas costs for transactions.
Infinity started on BNB Chain, PancakeSwap’s longtime home base, and later expanded to Base. It then added Robinhood Chain in July 2026 and Arc in September 2026.
The 90/10 fee split The Robinhood Chain and Arc launches came with a change in economics. On those networks, fees from Infinity pools are split 90% to liquidity providers and 10% to the protocol.
Liquidity providers are the people who deposit tokens into pools so others can trade against them. They earn a cut of trading fees in exchange for taking on risk, and a 90% share is a clear pitch to attract them.
Background: how PancakeSwap got here PancakeSwap built its name on BNB Chain, where it became a go-to venue for swapping tokens. The Infinity upgrade, rolled out in April 2025, was designed to modernize that foundation with hooks, cheaper transactions, and native token support.
The April 2026 numbers served as a halfway marker of sorts. Hitting $113 billion and 250 million transactions in the first year showed real usage, and the climb past $150 billion suggests the pace did not fade after the launch glow wore off.
What this means for traders, LPs, and rival DEXs For liquidity providers, the 90/10 split on Robinhood Chain and Arc is the headline incentive.
For traders, the steady $270 million to $290 million in daily volume signals a venue with consistent activity, especially for the stablecoin and meme pairs where Infinity sees the most action.
For competing exchanges, the hooks model raises the stakes. With approximately 60,000 hooked pools already live, PancakeSwap is betting that flexibility, not just cheap swaps, is what keeps developers and liquidity loyal.
The next markers to track are straightforward: growth in hooked pool counts, daily volume trends outside BNB Chain, and whether the 90/10 model spreads to other networks.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
@PancakeSwap Infinity has crossed $150 billion in cumulative trading volume, a milestone that underlines the protocol's rapid ascent as one of the most active decentralized exchanges in non-custodial finance.
From $113B to $150B in Six Months The protocol then added roughly $37 billion more in the months that followed, bringing the total past $150 billion by October 2026.
The protocol's modular architecture, which supports customizable hooks and singleton contract design for gas efficiency, has helped attract consistent, high-velocity turnover across its concentrated liquidity pools.
Pushing Into Robinhood Chain With a 90/10 Fee Split The Robinhood Chain expansion arrived with a notably LP-friendly fee structure.
Sources:
Crypto Briefing: PancakeSwap Infinity passes $150 billion in total trading volume
Crypto Economy: PancakeSwap Gives LPs 90% of Fees on Robinhood Chain
PancakeSwap Blog: How Infinity Continues to Power New Possibilities in DeFi
Ondo Finance has launched a new onchain product category: Ondo Intelligent Portfolios, curated portfolios delivered as single onchain transferable tokens. @PancakeSwap has moved quickly to integrate the offering, adding support for @Ondo's Intelligent Portfolios directly within its Stock Terminal.
Three Institutional-Grade Tokens, One TerminalThe three portfolio tokens are built on investment strategies customized by BlackRock for Ondo, addressing three key investment needs: income, diversification, and thematic exposure. $BLKHIon represents the Ondo High Income Powered by BlackRock strategy, $BLKDIGon covers Ondo Diversified Growth Powered by BlackRock, and $BLKGRWon delivers the Ondo High Growth Powered by BlackRock strategy.
The three tokens mark the first time eligible onchain investors can access exposure to such BlackRock-powered strategies through a single token. Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, these onchain portfolios are accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.
Each portfolio token is issued by Ondo Global Markets and tokenized by Ondo Finance. Investors mint or redeem a single token to hold a weighted basket of tokenized assets, without buying, weighting, or rebalancing individual positions themselves. Holdings, weights, and every rebalance are visible onchain, and the tokens are transferable peer-to-peer across wallets, exchanges, and DeFi protocols.
From Asset Listing to Wealth ManagementThe integration signals a meaningful shift in how PancakeSwap positions itself. Rather than simply listing individual assets, the DEX is now offering users access to complete, managed portfolio strategies within a single interface.
The product features smart contract rebalancing and onchain integration, supporting ecosystem growth and DeFi expansion. The format also unlocks programmatic rebalancing, full composability with DeFi, complete onchain transparency, and multiple asset classes within a single token.
Ondo Finance Acting CEO and President Ian De Bode described the launch as "an important milestone in the development of onchain investment products," adding that eligible investors in supported jurisdictions can now obtain exposure to diversified portfolio allocations through a single token.
BlackRock's model portfolio business had reached $9.8 trillion in assets under management by June 2026, making the tokenization of even a narrow slice of those strategies a significant development for the DeFi sector.
Sources
Ondo Finance Official Press Release via PR Newswire
Crypto Times: Ondo Launches Three Tokenized Portfolios Built on BlackRock Strategies
Crypto Briefing: Ondo Partners With BlackRock to Develop Tokenized Intelligent Portfolios
PancakeSwap announced its first Pre-Access project on X platform is pPOLY, a token issued by Paimon Finance, with the subscription period running from 17:00 Beijing Time on September 21 to 17:00 on September 24. pPOLY is a tokenized Special Purpose Vehicle (SPV) product launched by Paimon, designed to provide investors with exposure to assets related to Polymarket. It should be noted that pPOLY is neither Polymarket’s official platform token nor directly equivalent to Polymarket stocks. As previously reported, Binance Wallet launched its Pre-Access service, allowing users to gain indirect exposure to popular private companies via tokenization ahead of their potential listings. The service is accessed through Binance Wallet, operates on a fully on-chain, self-custody model, and its first project is set to be announced soon. Users can boost their Pre-Access quota via Alpha points and on-chain bStocks trading volume and holdings.
PancakeSwap has named $pPOLY, a Polymarket pre-access token issued by Paimon Finance, as the inaugural project on its newly launched Pre-Access Portal. The announcement, made on September 21, marks the first live campaign on a platform designed to give retail DeFi users exposure to private companies before they reach public markets.
What Is the Pre-Access Portal? The Pre-Access Portal is a time-bound subscription product hosted by PancakeSwap. Each campaign is a time-bound subscription event, with third-party providers arranging the underlying tokenized exposure. During the campaign window, eligible users can subscribe to indirect, tokenized exposure to a specific private company before a potential public listing.
The portal launched on September 20, 2026, and is described as fully on-chain and self-custodial, accessible through Binance Wallet. The concept targets a long-standing gap in retail finance. The core idea is to let everyday DeFi users access pre-IPO opportunities that have historically been locked behind venture capital deals and institutional gatekeeping.
$pPOLY: The First Campaign The debut asset is $pPOLY, the Paimon Polymarket SPV Token. Paimon Finance has officially announced the launch of the $pPOLY token, with pre-access subscriptions open until September 24. The project is hosted by PancakeSwap and aims to provide tokenized, indirect exposure ahead of a potential public listing.
The subscription window opened on September 21 at 9 AM UTC and runs through September 24 at 9 AM UTC. Investors can access the offering via PancakeSwap and Binance Wallet. The token is deployed on BNB Smart Chain and priced at $15.50, with a total offering size of $4.8 million, according to reporting from Wublock123.
It is important to note the nature of the product. The Pre-Access Portal offers tokenized, indirect exposure only. It does not confer equity or shares in, and does not imply endorsement by, partnership with, or confirmed IPO plans of, the named company, which is not a party to and has no involvement in this offering. In other words, $pPOLY represents exposure to a special purpose vehicle (SPV) linked to Polymarket, not a direct stake in the prediction market platform itself.
Polymarket, founded in 2020, is one of the best-known prediction market platforms in crypto. The token's launch via PancakeSwap's new portal reflects a broader push by DeFi platforms to bring structured private-market products on-chain, extending access beyond institutional investors.
PancakeSwap’s first Pre-Access project, pPOLY, opened for subscriptions at 17:00 today and sold out rapidly. A total of 309,677.42 pPOLY tokens were offered at a subscription price of $15.5, with a total issuance size of approximately $4.8 million, corresponding to an implied valuation of $15.5 billion.
Binance Wallet has launched access to PancakeSwap’s Pre-Access campaigns, allowing eligible users to subscribe to third-party tokens designed to provide indirect economic exposure to private companies before a possible public listing.
Summary
Binance Wallet now provides access to PancakeSwap campaigns offering indirect tokenized private-company exposure before listings. Pre-Access Tokens do not provide direct shares, voting rights, dividends, governance rights, or shareholder status. Allocations depend on Alpha Points, Trencher Badge status, and each user’s bStocks On-Chain Tier level. Binance Wallet says PancakeSwap and third parties control subscriptions, allocations, claims, refunds, and settlement processes. The first Pre-Access project remains unannounced, with campaign-specific pricing, eligibility, and settlement terms still pending. Binance’s FAQ, published Sept. 20, makes clear that Binance Wallet does not issue, sell or operate the products. PancakeSwap hosts the campaigns and token sales, while third-party providers may use funds, special purpose vehicles, protocols, smart contracts or other arrangements to structure the underlying exposure.
Binance Wallet gives access, but users do not buy company shares A Pre-Access Token can “provide eligible users with indirect exposure” to a private company or related asset, according to Binance Wallet. The product does not place users directly on the private company’s shareholder register and does not give them ownership of the target company’s shares.
Participants receive no voting, dividend, information, governance or standard shareholder rights through the token. Binance says the exposure may instead take contractual, synthetic or other indirect forms, depending on the structure chosen by the third-party provider behind a particular campaign.
Each PancakeSwap campaign is expected to set its own subscription price, implied valuation, eligibility conditions, timeline, allocation method and settlement rules. Binance warns that the stated subscription price may differ materially from a future IPO price, market value, redemption value or conversion value.
The implied valuation carries the same qualification. It may differ from the company’s most recent funding valuation, secondary-market price or eventual IPO valuation, and Binance Wallet says it does not independently verify or guarantee that figure.
The structure follows a growing market for tokenized exposure to private companies. Ascrypto.news previously reported on pre-IPO token structures, such products can range from contractual claims to synthetic exposure and do not necessarily provide the legal rights associated with owning the underlying shares.
Alpha Points and bStocks activity can raise allocations Participation through Binance Wallet requires a Keyless Wallet and an eligibility check. Users can enter an available campaign through the Pre-Access section, review its rules and submit a subscription amount directly from their self-custodied wallet.
Final allocations depend on three factors identified in Binance’s current rules: Alpha Points, Trencher Badge status and the user’s bStocks On-Chain Tier. Higher Alpha Points and a higher bStocks tier can increase the allocation, while Trencher Badge holders receive an additional allocation. PancakeSwap retains control of the final campaign rules.
Binance introduced its Trencher certification in April for active onchain traders using Binance Wallet Keyless addresses. Its rules say assessments can consider wallet trading volume, activity, community engagement and other criteria, while a badge can be revoked for conduct such as wash trading or volume manipulation.
bStocks provide another connection between Binance’s existing tokenized-equity products and Pre-Access allocations. Binance describes bStocks as tokenized securities that provide economic exposure to listed stocks or ETFs without giving holders direct ownership of the underlying shares.
Binance launched bStocks, the products initially brought tokenized U.S. equity exposure into Binance’s onchain ecosystem, including support for self-custody and DeFi use.
Binance Research later found that bStock listings expanded from five to 25 in less than a month, while their onchain market capitalization reached roughly $300 million during the period covered by its July study.
Pre-Access expands an existing private-market token trend Binance Research had examined the private-market access gap four days before the Pre-Access FAQ appeared. Its Sept. 16 research estimated that roughly 1,300 private companies carried valuations above $1 billion, representing close to $4.7 trillion in aggregate value.
The same report said tokenized pre-IPO products on Republic and PreStocks had reached only around $41 million in market capitalization as of Sept. 15. Binance Research described such instruments as contractual claims or economic-exposure vehicles whose holders generally lack voting rights and can remain exposed to fees, dilution, lockups, counterparty failures and legal restrictions.
Private-company derivatives have developed faster than tokenized ownership-style products. Binance Research put combined open interest in Anthropic and OpenAI pre-IPO perpetuals above $160 million in September, compared with roughly $1 million in April.
Other platforms have entered the same market through different structures. Coinbase’s pre-IPO perpetuals tied to companies including SpaceX, OpenAI and Anthropic. Those contracts are derivatives and do not convey private-company ownership.
However, Kraken’s OpenAI and Anthropic products in September, noting that contract holders receive no voting rights, dividends or direct claims on the companies’ assets.
PreStocks has taken a tokenized route. Crypto.news reported on its Solana launch in 2025, when the platform introduced tokens referencing private companies such as SpaceX, OpenAI and Neuralink through Jupiter.
Settlement can remain uncertain even after an IPO A company completing an IPO does not automatically convert a Pre-Access Token into listed shares. Binance says users may continue holding or trading the token where legally and technically supported, but conversion into a tokenized real-world asset or another settlement form can be delayed, restricted or unavailable.
The token can trade at a premium or discount to the listed company’s shares after an IPO because its secondary-market price depends on supply, demand, liquidity, lockups, transfer restrictions and product-specific rules. Binance expressly says it does not guarantee that a target company will complete an IPO.
Counterparty performance creates another layer of risk. If the underlying exposure cannot be delivered, any refund, unwind, replacement or compensation will depend on PancakeSwap and the relevant third-party provider. Binance Wallet does not guarantee a recovery.
Its risk warning states that trading, redemption, conversion or settlement “may be unavailable, delayed, restricted, suspended, or cancelled.” If a private company or another party challenges the structure, participants could face a forced unwind or partial or total loss of value.
Funds can likewise be locked, reserved or transferred under each campaign’s smart-contract and product rules after subscription. Where a campaign becomes oversubscribed, allocations may be reduced, prorated, rejected, delayed or canceled.
First PancakeSwap Pre-Access project remains unnamed PancakeSwap has opened the Pre-Access portal, but no target private company had been identified in official materials reviewed on Sept. 20. Reports citing the launch said the first project would be revealed later, without a confirmed announcement date.
Each eventual campaign page is expected to disclose its company and token details, subscription asset, price, implied valuation, eligibility requirements, allocation structure, claim process and risk terms. Investors who receive allocations will hold the resulting token in their own self-custodial wallets, subject to the product’s transfer and trading restrictions.
Binance Wallet’s existing disclaimer says its wallet services are provided by Binance Barbados Limited and are not supervised by the Financial Services Regulatory Authority or another regulator. Separate bStocks products follow their own legal structure, including an approved prospectus framework in Abu Dhabi Global Market, and should not be treated as legally identical to Pre-Access Tokens.
Binance’s FAQ directs participants to the individual PancakeSwap campaign documents for the final allocation, refund and settlement terms. Until the first campaign is disclosed, no subscription price, target private company, token structure, fundraising amount or campaign deadline has been officially announced.
Multicoin Capital Co-founder: Crypto market is slightly overheated, may face a correction and consolidation.
Multicoin Capital co-founder Tushar Jain wrote in a recent article that current cryptocurrency market sentiment is slightly exuberant, and he would not be surprised if a pullback or period of consolidation follows. He advised investors to adopt a longer time horizon and avoid overtrading, as accurately judging every short-term top or bottom is nearly impossible. A more viable approach, he noted, is holding high-quality assets and waiting for investment theses to gradually materialize.
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Are AI-Generated Web Pages Even Usable? Tencent Launches an Evaluation That Automates Web Interaction for Testing
Beating AI Insight News Brief: Tencent Hunyuan has partnered with Tsinghua University and Peking University to launch IWC-Bench, a benchmark specifically designed to evaluate the real usability of AI-generated web pages. Most existing web generation assessments focus on code or screenshots. A page may look visually appealing and have functional code, but issues like unclickable buttons, failed form submissions, or errors when switching pages are hard to detect via static checks. IWC-Bench operates more like a real human acceptance test: it uses an agent to actually open web pages, click buttons, input content, switch pages, and verify which functions work in practice. It evaluates three aspects separately: page aesthetics, operational smoothness, and whether required user functions are implemented. The benchmark includes 369 real user needs and 5088 acceptance criteria, with 17 models generating a total of 6273 web applications. In an additional comparison of 197 manual reviews, IWC-Bench aligned with human choices in 168 cases, achieving an 85.3% consistency rate. The results confirm that a web page "looking good" is not equivalent to being "actually usable". GPT-5.6-Sol has the highest page aesthetics score but ranks only sixth in usability; for individual web pages, visual appeal is largely unrelated to usability, with a correlation coefficient of just 0.36 between the two.
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StonkFun: Cumulatively distributed over $60 million in rewards to its ecosystem holders.
Solana-based token launch platform StonkFun announced that it has distributed over $60 million in rewards to ecosystem holders. On September 19, the platform recorded $1,247,924 in revenue, with $749,636 allocated to buybacks and 2.93 million STONK tokens burned.
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Fetch.ai releases preliminary analysis of the vulnerability incident, and has disabled the affected wallets and smart contracts.
Fetch.ai has released an on-chain analysis report on the recent exploit incident. The report traces the full attack path, starting from the leaked signature key to the flow of funds to the attacker’s wallet addresses used for cashing out. Fetch.ai emphasized that the current release is not the final analysis. It has, in collaboration with SingularityNET, deactivated the affected wallets and contracts. The investigation remains ongoing, with additional updates to be announced in due course.
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Current funding rates on mainstream CEXs and DEXs show that the market's bearish momentum is easing.
According to data from Coinglass, after Bitcoin surged past $80,000 and entered a consolidation phase, funding rates on major centralized (CEX) and decentralized (DEX) exchanges indicate a weakening bearish sentiment in the market. Detailed funding rates are shown in the attached chart. BlockBeats Note: Funding rates are fees set by crypto trading platforms to maintain a balance between contract prices and their underlying asset prices, typically applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders; trading platforms do not collect this fee. The funding rate adjusts the cost or return of holding a contract for traders, ensuring the contract price stays aligned with the underlying asset price. A funding rate of 0.01% is the benchmark. A rate above 0.01% signals broad bullish sentiment in the market, while a rate below 0.005% indicates widespread bearish sentiment.
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ZEC’s intraday pullback has impacted four whales that chased the rally, with its price now less than 5% away from the ten-million-level liquidation wall.
According to TradingBeats, ZEC is trading at approximately $1,445.2, down around 7.7% over the past 24 hours. On Hyperliquid, the long position at address 0xcbab has voluntarily reduced its ZEC holdings by about $5.245 million today, yet still holds roughly $12.921 million in long positions, with its liquidation price roughly 4.92% below the current level. This address currently holds 8,933.8 ZEC, at an average entry price of approximately $1,477.48, with an unrealized loss of about $279,000. Its liquidation price stands at $1,374.16. In the same segment, the address starting with 0xabf6 still holds 1,976.18 ZEC in long positions, valued at roughly $2.857 million, with an estimated liquidation price of $1,380.28, some 4.49% below the current price. The combined liquidation risk of these two addresses' long positions, totaling around $15.778 million, is concentrated in the $1,374 to $1,380 range. Before reaching this concentrated risk zone, two additional long positions have closer liquidation thresholds: Address 0xc46a holds a ZEC long position worth approximately $1.642 million, with an estimated liquidation price of $1,411.99, about 2.30% below the current price; Address 0x421e holds a ZEC long position of roughly $558,000, with an estimated liquidation price of $1,397.31, some 3.31% below the current price. The four addresses collectively hold around $17.978 million in ZEC long positions.
Binance Wallet just opened a door that most retail investors assumed was permanently locked. The exchange’s wallet arm announced the launch of Pre-Access campaigns, a new subscription-based system built on PancakeSwap that gives users indirect, tokenized exposure to private companies before they hit public markets.
How the Pre-Access system works PancakeSwap hosts a dedicated Pre-Access Portal where eligible users can subscribe to time-bound campaigns. Each campaign represents tokenized exposure to a private company that may eventually pursue an IPO.
Third-party providers handle the actual tokenized assets. PancakeSwap supplies the portal and infrastructure. Binance Wallet serves as the primary access point for users.
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To participate, users need to pass eligibility checks and formally accept risk disclosures. There are specific rules governing allocation limits, claims, and refunds for each campaign.
One notable detail: users can boost their participation quotas through Alpha points and on-chain bStocks activity. This creates an incentive loop where active Binance ecosystem participants get preferential access to pre-IPO opportunities.
No specific companies or assets have been named yet. The first project announcement is expected to come through PancakeSwap’s communication channels soon.
From token launches to IPO exposure This isn’t the first collaboration between Binance Wallet and PancakeSwap, but it represents a significant shift in what the partnership actually does. Previously, the two focused on token generation events. Pre-Access campaigns shift the target entirely, from crypto-native tokens to tokenized representations of traditional equity.
Rather than parking assets on a centralized exchange, the entire framework keeps tokenized holdings in users’ own wallets. Binance has been building out its on-chain TradFi toolkit through products like bStocks, which offers tokenized versions of publicly traded stocks. Pre-Access campaigns extend that logic backward in the corporate lifecycle, catching companies before they list rather than after.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Locked liquidity is designed to stop a token creator from removing the assets that support trading. It does not prevent prices from falling when buyers sell. MemeToro is developing a public launch system that would record liquidity terms before funding and direct successful rounds toward PancakeSwap through smart contracts.
What Locked PancakeSwap Liquidity Means A PancakeSwap liquidity pool normally contains a new token and a paired asset such as BNB or a stablecoin. Traders use this pool to buy or sell without relying on a traditional order book.
When liquidity is supplied, liquidity provider tokens represent control over the pool’s deposited assets. Locking those LP tokens prevents a creator from withdrawing the liquidity before an agreed date or condition.
This addresses a common rug-pull method. If a developer controls unlocked LP tokens, that person may remove the paired asset and leave buyers holding a token that is difficult to sell.
Locked liquidity does not create demand or stable prices. A memecoin can still fall close to zero if holders sell and few buyers remain.
How MemeToro Plans to Make Liquidity Verifiable MemeToro’s launch manifest is designed to publish the liquidity percentage, paired asset, funding rate, wallet caps and round conditions before users contribute. The completed document would receive a digital fingerprint called a hash.
FairLaunchEscrow.sol can store that hash inside each round. Users could then compare the contract record with the published manifest to check whether the advertised terms match.
The escrow restricts contributor funds to two routes:
Funds return to contributors if refund conditions apply. Funds move to the launch executor for liquidity after a successful round. There is no direct route to a developer treasury. The contract also lacks an owner, administrator and upgrade path.
These rules make the funding path easier to inspect, but final PancakeSwap execution is still under development.
What Remains Before On-Chain Liquidity Launches MemeToro has published 1,373 lines across 17 files in its first fair-launch contract update. The Foundry tests cover caps, deadlines, funding thresholds, refunds and claims.
The release does not yet include the completed executor that will deploy tokens, create PancakeSwap pools and manage LP tokens. Testnet deployment and an independent security review also remain pending.
This is an important limitation. Current code proves that the escrow rules are public, but it does not prove that every future launch already has locked PancakeSwap liquidity.
Before using the platform, buyers should inspect the final executor, LP lock address, lock duration and deployed contract. They should also confirm that the reviewed code matches the live bytecode.
Verification only works when the complete transaction path is visible.
Stage 7 prices $MT at $0.00430. MemeToro displays $0.05186 as a planned launch price, but public trading may open above or below that level.
Purchasing $MT does not mean a buyer directly owns the liquidity of future memecoins. $MT is intended to support access, funding, staking and rewards across the broader platform.
FAQs Does Locked Liquidity Stop Token Prices From Falling? No. It prevents a specific liquidity withdrawal risk, but normal selling pressure can still reduce the price sharply.
Is MemeToro Already Adding Liquidity to PancakeSwap? Not yet through the new fair-launch system. The executor and automated liquidity process remain under development.
What Should Buyers Check On-Chain? They should check the token contract, pool address, paired asset, LP holder, lock duration, contract privileges and matching launch manifest.
Milestone Week for PancakeSwap@PancakeSwap is closing out a strong week across its ecosystem, racking up several milestones that reinforce its standing as one of the largest decentralized exchanges in the world. The protocol officially crossed 200 million total users, a mark that puts it in rare company within decentralized finance.
On the tokenomics side, @PancakeSwap confirmed its 36th consecutive month of net $CAKE deflation. In August alone, The sustained burn rate reflects the structure put in place under Tokenomics 3.0, which
Tokenized Equities Gaining Real TractionPerhaps the most notable development this week is the volume flowing through @bstocksfinance pairs on the platform. @PancakeSwap processed roughly $75M in tokenized equity volume in a single 24-hour window, covering names including $NVDA, $TSLA, and $AAPL. That figure sits within a broader trend that has moved quickly.
The category itself has scaled sharply:
Taken together, the user milestone, the unbroken deflation streak, and the growing share of tokenized equity volume paint a picture of a protocol that continues to diversify well beyond simple token swaps. Whether the momentum holds will depend on liquidity depth and broader market conditions, but for now the numbers back up the narrative.
Sources:
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX trading volume for tokenized stocks
PancakeSwap Blog: bStocks Are Live on PancakeSwap
Tokenomics.com: PancakeSwap Tokenomics and CAKE Burns
PancakeSwap has hit a notable milestone in its token supply management strategy, recording 36 consecutive months in which $CAKE burns exceeded new token issuance. The streak began in September 2023 and ran through August 2026, marking three full years of unbroken net deflation.
August Burns Outpace Issuance by a Wide Margin In August alone, PancakeSwap burnt 2.75 million CAKE while generating only 674,316 new tokens, resulting in a net supply reduction of more than 2 million CAKE for the month. Cumulatively, nearly 59.7 million CAKE has now been removed from peak supply.
For context, the 33rd consecutive month of supply reduction, reported in May 2026, showed a cumulative removal of 51,046,024 CAKE since September 2023, illustrating how quickly the pace of burns has accelerated over the summer months.
How the Burn Mechanism Works The burn process is fueled by protocol activity, with fees collected from spot trading, perpetual contracts, IFOs, prediction markets, and lotteries regularly used to buy back and burn CAKE. Burned tokens are sent to a dead wallet, permanently removing them from circulation.
In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE," passing a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield and reduced token emissions. The veCAKE staking system was later retired, daily emissions were cut from around 40,000 tokens to 22,500, and more revenue streams were redirected into buybacks.
PancakeSwap's target is an annual deflation rate of at least around 4% and a total CAKE supply reduction of around 20% by 2030. CAKE now has a hard cap set at 400 million, following a proposal put forward in January 2026 to decrease the cap from 450 million to 400 million, which was successfully passed.
The three-year streak adds weight to PancakeSwap's case that its deflationary model is self-sustaining, driven by real protocol usage rather than one-off treasury actions. Whether that supply discipline translates into lasting price support will depend on how demand holds up across the broader DeFi market.
Sources:
PancakeSwap Blog: May 2026 CAKE Burn Report
PancakeSwap Docs: CAKE Tokenomics
KuCoin: PancakeSwap Cuts CAKE Max Supply to 400M
@PancakeSwap recorded approximately $75 million in single-day trading volume for @bstocksfinance tokens, with activity spanning names including SpaceX, Nvidia, Tesla, Apple, and GameStop, as well as index products tracking the Nasdaq-100 and S&P 500, according to data from rwa.xyz.
What Are bStocks? bStocks are not conventional shares. Instead, holders receive an interest in securities the issuer holds.
Rapid Growth on BNB Chain The $75 million daily figure is part of a broader surge in on-chain equity activity. The full bStocks range now carries $624 million in value across 72 assets, all on @BNBChain, with the holder count climbing to over 981,000, up roughly 370% in the past month, per rwa.xyz data.
Sources
PancakeSwap: bStocks Are Live on PancakeSwap
PR Newswire: Binance Exchange Launches bStocks Tokenized Securities
Crypto Briefing: BNB Chain hits all-time high for tokenized stocks
After successfully flipping $2, CAKE surged to a high of $2.28 for the first time since December 2025. As of this writing, PancakeSwap was trading around $2.26, marking a 13.4% surge on the daily charts.
At the same time, trading volume climbed 112% to 110%, pointing to increased market participation. Even more so, the altcoin’s turnover rose to a record high of $25 million, according to CoinAnk data.
Source: CoinAnk When turnover rises during a market uptrend, it reflects intense buying pressure, suggesting the rally is backed by strong demand.
Is a shrinking supply driving the PancakeSwap rally? CAKE has recently shown strength driven by a successful deflationary mechanism. In fact, WallStreetX observed that CAKE has recorded 34 consecutive months of deflation.
Since peaking in 2023, the supply of CAKE tokens has been reduced by 53 million CAKE. This marked a 14.5% reduction to the tokens’ market supply.
Deflationary measures have acted as a major boost to market demand during periods of extended weakness. Often, reduced supply lowers market pressure, which has historically resulted in more gains on the price charts.
Demand also holds steady In addition to team deflationary commitment, investors have also continued to accumulate CAKE across the market.
On the derivatives market, for example, PancakeSwap’s Open Interest surged 39% to $51 million, while volume rose 115% to $89 million.
Source: Coinglass Open Interest rising alongside volume suggested increased activity as traders opened new positions, either long or shorts. Meanwhile, altcoin’s Long/Short Ratio held above 1 across major exchanges. Binance top traders were more bullish, with the ratio rising to 3.7.
Source: CoinAnk On the other side, the market saw more buying activity relative to sellers. According to Coinank data, the market delta has remained positive since mid-August, currently holding around 131.6k.
With demand holding strong across both the derivatives and spot, PancakeSwap is in a favorable situation.
Can the trend hold? A look at the momentum indicator showed that CAKE is currently holding strongly bullish. For starters, the Aroon Oscillator has held within an upward trajectory now around 92.
Aroon OSC holding at these elevated levels reflects intense bullish pressure, with the altcoin making highs more frequently.
Source: Tradingview Additionally, PancakeSwap’s Stochastic Momentum Index (SMI) has been on the rise, reaching 77 at press time. The SMI nearly hitting the overbought zone further confirms the intense buying pressure.
These prevailing market conditions indicate that CAKE is likely to make some more gains. If demand holds, PancakeSwap will clear $2.4 resistance and target a move to $3.00.
For the bullish outlook to hold, CAKE needs to hold $2; failure to do so, and the altcoin will most likely drop to $1.8.
Final Summary CAKE surged 13%, flipped $2, and rose to a 9-month high of $2.28. PancakeSwap has recorded 34 consecutive months of deflation, with supply falling by 53 million CAKE.
SHEIN went public on the Hong Kong Stock Exchange on September 1, 2026, and almost immediately, a tokenized version of its stock showed up on PancakeSwap. The decentralized exchange now lists $SHEINx, a synthetic tracker that gives DeFi users exposure to SHEIN’s equity price movements without touching traditional brokerage infrastructure.
The IPO behind the token SHEIN offered 280 million Class B shares at HK$48.56 each, raising roughly HK$13.6 billion, or about $1.7 billion. That priced the company at a $26.5 billion valuation, which sounds impressive until you remember that private market rounds once tagged the fast-fashion juggernaut at close to $100 billion.
The debut trading session reflected that caution. Shares dropped as much as 10% intraday before clawing back to close roughly flat. The following session brought further slippage. SHEIN also reported a deceleration in revenue growth, with only an 8% increase in 2025 compared to 20.7% the prior year, and posted a net loss in the first quarter of 2026 linked to changes in U.S. tariffs on low-value imports.
What $SHEINx actually is $SHEINx is not SHEIN stock. That distinction matters enormously.
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The token is a synthetic instrument, meaning it tracks the price of SHEIN’s Hong Kong-listed shares but does not confer ownership, dividends, or voting rights. The product comes from xStocks, a platform that has built out tokenized versions of over 700 equities and ETFs across Solana and EVM-compatible chains. PancakeSwap, which operates primarily on BNB Chain, is one of the venues where these tokens can be swapped.
Trading hours for $SHEINx align with the Hong Kong Stock Exchange’s session, running from 9:30 a.m. to 4:00 p.m. HKT. Outside those hours, the token doesn’t actively track live price movements, since the underlying market is closed.
The appeal is straightforward: someone sitting in Lagos, Buenos Aires, or Jakarta who wants exposure to SHEIN’s stock price can get it with a crypto wallet and a stablecoin balance. No brokerage application, no KYC queue for a Hong Kong securities account, no settlement delays.
The trade-off is equally straightforward: no investor protections, no recourse if the synthetic mechanism breaks, and liquidity that depends entirely on DeFi market makers rather than institutional order flow.
Tokenized equities are quietly becoming a real category Over 700 tokenized equities and ETFs across multiple chains is not a trivial number. It suggests the plumbing, including oracle feeds, market-hours logic, and liquidity pool design, has reached a level where new listings can be spun up almost as fast as a traditional exchange can onboard a new ticker.
For SHEIN specifically, the tokenized version introduces some notable dynamics. The company’s public float is restricted to approximately 5% following significant cornerstone allocations. That can create pricing friction for the synthetic token, since the reference market itself may not have deep enough liquidity to absorb large moves gracefully.
For SHEIN, the tokenized version is largely out of its control. The company did not issue $SHEINx and receives no proceeds from its trading. But the token’s existence does extend SHEIN’s investor base, at least indirectly, to a demographic that might never open a Hong Kong brokerage account.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@PancakeSwap has emerged as the dominant decentralized trading venue for tokenized equities, capturing a 37.3% share of total @bstocksfinance volume on @BNBChain in the past 24 hours. That figure places it ahead of every other decentralized platform competing in the same segment.
Largest Liquidity Share Among Decentralized Venues The trading activity reflects a broader surge in on-chain equity markets.
BNB Chain RWA Infrastructure Drives 24/7 Trading The mechanics underpinning bStocks give the product its edge in round-the-clock trading.
There are important limitations to note.
PancakeSwap's growing dominance in the bStocks segment reinforces BNB Chain's position as the leading blockchain for tokenized equities, even as the broader RWA landscape remains competitive.
Top Trading Venue and Tokenized Asset Expansion@PancakeSwap has logged what it describes as its most productive week of the quarter, capturing more than 41.4% of @Bstocksfinance volume to rank as the number one trading venue within that ecosystem. The milestone reflects a broader surge in tokenized equity trading on decentralized platforms.
To deepen its position, the protocol has added seven new tokenized asset pairs, including $SPYB, $SOXLB, and $DRAMB, to its native Shared Inventory Hook. The move is designed to meet growing retail demand for round-the-clock equities access on @BNBCHAIN and @Arbitrum.
Security Audit, New Yield Farms, and Ongoing CAKE DeflationDevelopment momentum has not slowed on the infrastructure side. @Bailsecurity is currently auditing the protocol's cross-chain technology ahead of the launch of new $DGAI-USDT and $TMX yield farm options, adding fresh earning opportunities for liquidity providers across networks.
Underpinning the protocol's longer-term economics is a consistent token burn programme. This week's burn totalled 762k $CAKE tokens worth $1.32M, extending the protocol's deflationary streak to 35 consecutive months.
Taken together, the volume leadership in tokenized equities, the expansion of the Shared Inventory Hook, new yield farm launches, and a sustained deflationary supply policy paint a picture of a protocol operating on several fronts simultaneously.
Sources:
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX trading volume for tokenized stocks
PancakeSwap Official Blog: June 2026 CAKE Burn Report
PancakeSwap Docs: CAKE Tokenomics
Crypto traders want a token that can move a real share price. The closest thing yet is on BNB Chain, where meme coins now trade directly against tokenized GameStop.
Binance says every tokenized share it issues is backed by a real one held at a custodian.
A token called memestock trades against GMEB, Binance’s tokenized GameStop, in a PancakeSwap pool created on August 12. The pool holds more than $200,000 and turned over $543,000 in a day.
MEMESTOCK Price Performance. Source: GeckoTerminalThere are others, with at least 10 meme coins now using GMEB as their quote asset, among them stockmemes, LONGCZ and BURN. Together, those pools moved about $2.2 million in 24 hours.
GMEB arrived through bStocks, the tokenized stock lineup Binance launched in June and has expanded in batches since.
Binance describes each bStock as fully backed by a real US share held at a regulated custodian. BTech Holdings Limited issues them, and Nest Trading Limited arranges conversions at one token per share.
The Numbers Are Nowhere Near Wall StreetEvery tokenized GameStop share on the chain adds up to 292,353 tokens worth $5.3 million. GameStop closed Friday worth $8.02 billion.
GameStop (GME) Stock Performance in the Last 5 Days to August 28. Source: Yahoo FinanceSo the onchain version is roughly 0.07% of the company. The meme coin attached to it is worth about $3.7 million.
Robinhood Chain shows the same gap, albeit in a sharper form. Its biggest meme coin experiment, Artificial Inu, is valued near $98.6 million and trades against a tokenized Nvidia supply worth just $9.3 million. Nvidia itself is a $5.25 trillion company.
The plumbing also runs one way, with Binance offering bStocks out of Abu Dhabi and stating that they are not sold to US persons.
Only eligible users can convert between tokens and shares, so onchain enthusiasm does not automatically reach a New York order book.
“the real question is, when are we going to get a memecoin paired to a penny stock and then onchain activity leads to that stock going up 100-200%?” crypto trader Schoen posed.
Traders rule GameStop out as far too big, calling for a company valued between $50 million and $250 million. No company that small has been tokenized and paired yet, which leaves the experiment fully specified and still unrun.
somebody said this is GME, no it’s not.
GME is $8B MCap, we barely can get a $100M memecoin
Four.meme currently gives BNB Chain traders an operational route for token creation, bonding-curve purchases, and PancakeSwap graduation. MemeToro is building a broader AI-led platform around sourced proposals, fixed-rate funding, trading, and prediction markets.
Whether it can become the best AI memecoin agent for BNB memecoins depends on delivering secure contracts without losing the speed and simplicity users already receive from Four.meme.
Four.meme Has The Advantage Of A Live Market Four.meme supports no-code creation and bonding-curve trading, giving creators access to BNB Chain users. Its dashboard and wallet integrations simplify participation without requiring a centralized exchange account.
Bonding curves provide continuous price discovery, but early buyers pay less and bots can compete for first-block access. Private routing and MEV protections may reduce some attacks, yet they cannot remove slippage, concentration, or poor token selection.
Four.meme’s greatest advantage is activity. Its weakness is that permissionless volume can include low-quality projects, making user research and filtering essential. Sustained adoption matters greatly.
MemeToro Plans Intelligence Before Execution MemeToro’s trend connector gathers news and X signals with URLs and risk notes. The proposal model creates a name, ticker, narrative, visuals, and launch manifest.
Validation rejects uncollected evidence links, allocation totals outside 100%, and insider allocation above zero. This gives the best AI memecoin agent for BNB memecoins a refusal path when a trend or financial structure fails.
The current pipeline produces files on demand. Production contracts, autonomous hourly operation, and mainnet execution remain planned, so MemeToro does not yet match Four.meme’s live launch capacity.
MemeToro must match usability while adding checks traders can understand. Here’s a video showing $MT in action so you can stay caught up on all the latest updates.
Best AI Memecoin Agent For BNB Memecoins Needs Wider Utility MemeToro plans one public funding rate using BNB, supported stablecoins, or $MT. Fixed pricing improves predictability, while wallet limits can reduce early concentration; neither feature fully stops bots or multi-wallet users.
Successful concepts are intended to route liquidity to PancakeSwap under published terms. Users still need verifiable pool addresses, amounts, locks, and transaction hashes.
Trading, prediction markets, creator tools, engagement rewards, and staking up to 35% APR expand MemeToro beyond launch mechanics. The AI memecoin agent presale has raised $96,309.30 toward $138,460.70 in Stage 6, with $MT priced at $0.00350 versus a projected $0.02448 launch price.
Its public manifest can also make pricing, wallet limits, funding thresholds, and liquidity terms easier to compare before payment. The best AI memecoin agent for BNB memecoins should make complexity visible, not hide it.
FAQs Is Four.meme Better For Trading Today? Four.meme is operational and therefore offers immediate launch and trading access. MemeToro’s production trading and deployment system remains under development.
What Is MemeToro’s Main Advantage? MemeToro adds sourced trend discovery, risk notes, proposal refusal, zero-insider validation, fixed-rate funding plans, and prediction-market utility.
Are Fixed Rates Better Than Bonding Curves? Fixed rates provide predictable entry pricing, while bonding curves provide continuous access and price discovery. Fairness depends on allocation, bots, wallet caps, and liquidity.
Can MemeToro Become The Best AI Memecoin Agent For BNB Memecoins? Yes, if its open-source roadmap becomes audited, secure mainnet software that attracts creators, traders, liquidity, and sustained platform use.
MemeToro can challenge Four.meme only if creators and traders value those checks enough to switch platforms. The best AI memecoin agent for BNB memecoins needs adoption as well as code.
PancakeSwap x KII Trading Competition | 857,142 $KII in Rewards
Campaigns
News
Ecosystem
2026-08-19
Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.
What is KII KiiChain is an onchain FX layer that connects global stablecoin liquidity such as USDT and USDC with locally denominated stablecoins and markets across emerging economies. Users, businesses or builders can use Kii by signing up for an account or connecting to APIs. Kii differs from other traditional platforms by its hybrid approach of sourcing liquidity and maintaining balances onchain exposed to local currencies. Kii supports cross-border payments, remittances, trade settlement, fiat swaps and payins/payouts via the pricing of local, non-dollar stablecoins and other tokenized real-world assets.
Learn more at https://kiichain.io/
Campaign Duration Start: Wednesday Aug 19th 4:00am UTC
End: Wednesday Sept 2nd, 4:00am UTC
$KII Official Contract Address: 0xeec6574eabba52bac3f0277f2cd5ac7e67197886
Contract on BscScan: 0xeec6574eabba52bac3f0277f2cd5ac7e67197886
How to Participate & Win To qualify for the random draw, trade at least $500 in $KII on BNB Chain the PancakeSwap Swap Page during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in $KII pairs.
Important note: only trades made on the PancakeSwap Swap Page (Web or Mobile interface) are eligible.
Important Note: Each wallet address can only win one prize across all three tiers.
Tier 3 Qualifiers: If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don’t win the Tier 3 prize, your wallet will be considered for the Tier 2 draw. If you don’t win there, you will be considered for Tier 1. Tier 2 Qualifiers: If you qualify for Tier 2, but not Tier 3, your wallet will first be drawn for Tier 2. If you don’t win the Tier 2 prize, you will be considered for Tier 1. Terms & Conditions All qualifying trades must involve KII tokens. Only trades in KII trading pairs will be eligible. Trades in pairs that do not include KII will not count toward any part of this campaign. Only trades made on the PancakeSwap Swap Page (Web or Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms will not count towards this campaign. Important: PancakeSwap reserves the right to disqualify any addresses suspected of unfair trading practices through the lens of the trading competition. This may include, but is not limited to: self-dealing, wash trading, false trading, and etc. A filter and analysis of trades that exhibit unusual behaviours to gain an advantage towards the ‘random draw’ will be conducted and excluded from the random draw. The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms will not count towards this campaign. Each wallet address can win a maximum of one reward. All the rewards will be distributed in KII tokens within 2 weeks after the trading competition’s end date. PancakeSwap reserves the right to suspend, or postpone the trading competition. PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw. In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway. The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets. Good luck, and may the best traders win! 🥞
Mystery Stocks: PancakeSwap Stock Terminal | $2,400+ in Rewards
Campaigns
News
2026-08-18
Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.
We're kicking off PancakeSwap's Stock Terminal: Mystery Stocks. Solve 3 mystery stocks daily, swap or share, and win. Bonus clues on Telegram and Discord 👀
Work out what they are, enter, and you're in the draw.
What is the PancakeSwap Stock Terminal? The PancakeSwap Stock Terminal gives you direct access to 1,000+ tokenized stocks, ETFs and other real-world assets directly onchain - and provides you the best quotes across several top issuers so you get the best available price for each stock. Available for assets across multiple issuers include bStocks, Ondo, xStocks, Robinhood, and with availability across multiple chains - BNB Chain, Ethereum, Robinhood Chain, and Solana.
Explore the Stock Terminal at https://pancakeswap.finance/stocks
Campaign Clues drop daily for 3 Mystery Stocks Daily!
Each day is a separate round. Entries for each day's stocks close at 11:00pm UTC that same day.
How to Participate & Win There are two separate reward pools: Swap and Share. You can enter one or both. Entering both gives you one entry in each pool.
🔁 Swap To qualify for the Swap Pool random draw, complete a single swap of $24 (±$1, slippage included) of any one of that day's three mystery assets on the PancakeSwap Stock Terminal.
Swap must be made through the Stocks page on the PancakeSwap site, aka the Stock Terminal page: https://pancakeswap.finance/stocks Swaps via any issuer, any chain of the correct daily Mystery Stocks are eligible The swap must be a single transaction to qualify as an entry. Multiple smaller swaps do not add up to the qualifying amount. The swap must take place between 8:00am UTC and 11:00pm UTC on the same day the clue is published, to qualify as an entry. Important note: only swaps made through the PancakeSwap Stock Terminal front end (Web or Mobile interface) are eligible. Swaps made through external aggregators, contract interactions or other platforms will not count.
📣 Share To qualify for the Share random draw, complete both of the following on X:
Quote-tweet the main campaign post with a screenshot of the Stock Terminal. The screenshot must clearly show the Stock Terminal. Quote-tweets of the individual clue posts do not count. Comment your guess(es) and tag 2 friends in the replies of the main campaign post, daily. We will verify winners have completed both the QT and comment to be eligible.
All actions must be completed by 11:00pm UTC on the same day the clue is published to qualify.
Important note: "share" entries only count on X. Bonus hints are published in PancakeSwap's official Telegram and Discord channels.
Rewards A total of $2,400+ is up for grabs the first week!
Swap: 7 winners DAILY, $40 each Share: 7 winners DAILY, $30 each All winners are drawn at random from the pool of valid entries for that day.
Important Notes Participants can enter both the "Swap" and "Share" prize pools, and Swap any (or all 3) of the Mystery Stocks. 3 Swaps of 3 different Mystery Stocks count as 3 separate entries, 2 Swaps of 2 different Mystery Stocks count as 2 separate entries, and etc. Each day is drawn separately. Not entering on one day does not affect your eligibility on any other day. "Swap" Prize Pool rewards are distributed automatically to the qualifying wallet address. No action is required from Swap Prize Pool winners. "Share" Prize Pool winners must DM us their wallet address by 26 August, 4:00pm UTC to claim. This is a single deadline covering the first week of the campaign. Unclaimed rewards after this deadline are forfeited. Terms & Conditions Only swaps made on the PancakeSwap Stock Terminal Stocks page (Web or Mobile version) qualify for the Swap Pool. Swaps made through external aggregators, routers, or other platforms will not count towards this campaign. Qualifying swaps must be for one of the three mystery stocks published for that day. Swaps in any other stocks will not count towards any part of this campaign. A qualifying swap must be a single transaction of $24 (±$1, slippage included), i.e. any value between $23 and $25 USD, measured at the time of the swap. Multiple smaller swaps are not aggregated — e.g., two swaps of $12 do not qualify. "Share" entries must satisfy all three required actions. Incomplete entries, entries with unreadable or cropped screenshots, or entries that quote-tweet a post other than the main campaign post will be disqualified. PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw. In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the campaign. Good luck 🕵️
A year ago, tokenized stocks on decentralized exchanges were a rounding error. Now they’re a multi-billion-dollar category, and PancakeSwap v3 is running the table.
The DEX has processed roughly $3.1 to $3.3 billion in tokenized stock trading volume since the start of 2026, placing it at the top of a leaderboard that includes Raydium CLMM and Uniswap v4. For a segment that accounted for just 0.1% of total DEX spot volume at the end of 2025, the trajectory has been nothing short of vertical.
From fringe experiment to 4% of DEX volume Tokenized stocks have grown from $212 million in total DEX volume at the close of 2025 to $4.27 billion through the first three quarters of 2026. That growth pushed the category’s share of all DEX spot trading from 0.1% to 4.34%.
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PancakeSwap has captured the lion’s share. Its $3.1 to $3.3 billion in volume edges out Raydium CLMM, which sits at approximately $3.1 billion, while Uniswap v4 trails at around $1.9 billion.
Daily volume tells the real story The platform’s daily peak came in late June 2026, when tokenized equity volume exceeded $565 million in a single day.
bStocks on BNB Chain has also shown impressive activity, with a recent daily snapshot capturing $676.8 million in volume.
Why tokenized stocks are catching on Traditional equity markets operate roughly 6.5 hours a day, five days a week. Tokenized versions trade around the clock, every day of the year. Fractionalization adds another layer, enabling purchases of fractional shares without a brokerage account, minimum balances, or KYC friction. The composability angle — where tokenized stocks can plug into lending protocols, yield strategies, or structured products — opens use cases that simply don’t exist in traditional finance.
PancakeSwap’s concentrated liquidity model lets liquidity providers allocate capital within specific price ranges rather than spreading it across the entire curve, resulting in tighter spreads for traders and better capital efficiency for LPs.
The broader tokenized stock market hit $11.1 billion in volume across major DEX platforms in 2025, establishing the foundation for 2026’s acceleration.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PancakeSwap has added trading support for $GMEB, a tokenized version of GameStop shares, on BNB Chain.
$GMEB is a BEP-20 token issued under Binance’s bStocks program, backed 1:1 by actual GameStop shares held by a regulated custodian. The contract address is 0x46ceefda28dd7207059ed19b0acdc026955bb15c.
How the bStocks model works Binance’s bStocks program takes traditional equities, parks the underlying shares with a regulated custodian, and issues blockchain tokens that mirror their value on a one-to-one basis. Each $GMEB token represents economic exposure to one share of GameStop.
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Binance listed the GMEB/USDT spot pair with margin trading support on August 12, 2026, at 20:00 UTC+8. PancakeSwap’s integration happened in parallel, giving decentralized traders an alternative venue to access the same asset without relying on a centralized exchange’s order book.
Traditional stock markets close on evenings, weekends, and holidays. Tokenized equities don’t, enabling 24/7 on-chain trading.
PancakeSwap’s growing RWA playbook This isn’t PancakeSwap’s first foray into tokenized real-world assets. The DEX has been building out this category since October 2025, when it integrated with Ondo Finance. That partnership added over 100 tokenized stocks, bonds, and ETFs to PancakeSwap’s offerings on BNB Chain.
As of mid-2026, PancakeSwap had surpassed $50 million in cumulative trading volume for tokenized assets on BNB Chain.
What this means for tokenized equities Binance listing the GMEB/USDT pair on the same day PancakeSwap added support creates a two-track system where traders can choose their preferred environment. Centralized exchange users get familiar interfaces and margin trading. DeFi users get self-custody and composability with other on-chain protocols.
The regulatory picture remains unresolved. Tokenized equities that provide economic exposure to real securities exist in a gray zone across many jurisdictions. The 1:1 custodial backing model adds legitimacy, but different regulators have different opinions on whether these instruments constitute securities themselves.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
GameStop Goes Onchain$GMEB, a tokenized representation of GameStop shares, is now listed on @PancakeSwap. The token was built by @Bstocksfinance on the @BNBCHAIN network, giving crypto traders direct exposure to one of the most closely watched and volatile stocks in traditional markets.
The listing means traders are no longer bound by U.S. stock exchange hours. With no market hour restrictions, there is no closing bell — users can trade when they want. That is a meaningful shift for an asset like GameStop, where price action can be rapid and sentiment-driven.
bStocks are tokenized U.S. securities issued as BEP-20 tokens on BNB Chain, with each token backed 1:1 by a real U.S. share held with a regulated custodian and verifiable via a Proof of Collateral page. Importantly, bStocks do not grant voting rights or direct legal shareholder status in the underlying companies.
Part of a Broader Tokenized Equity PushThe $GMEB listing is the latest addition to a rapidly expanding bStocks catalogue on @PancakeSwap. Binance reported that bStocks added $565.9 million in outstanding tokenized-equity value within seven weeks of its June 11 launch, having crossed $500 million in assets under management on July 28 after starting with just $5.6 million.
PancakeSwap has been expanding its tokenized equities offering, listing additional bStocks on BNB Chain to give users 24-hour access to shares of high-profile companies. The broader RWA tokenization sector grew from approximately $21 billion to an estimated $27.5 to $29 billion during Q1 2026 alone, excluding stablecoins, a rise of roughly 30 to 38% in a single quarter.
Analysts note that while tokenized real-world assets offer enhanced liquidity and capital efficiency, they introduce distinct structural risks. bStocks do not grant voting rights or direct legal shareholder status, and investors remain exposed to smart contract vulnerabilities, potential tracking errors relative to primary markets, and evolving regulatory frameworks across international jurisdictions.
Sources
bStocks Are Live on PancakeSwap (PancakeSwap Official Blog)
PancakeSwap Expands Tokenized Equity Offerings with 10 New bStocks on BNB Chain (Yahoo Finance)
PancakeSwap Crosses $50M in Total Volume for Tokenized Assets (Crypto Briefing)
Reaching a funding goal should trigger clear contract actions, not an improvised team decision. MemeToro says bonded or high-performing BNB Chain memecoins will migrate to PancakeSwap after reaching their funding threshold.
However, its production contracts are unfinished, and available materials do not confirm every step, oversubscription rule, or timing detail. This guide separates the stated plan from unresolved mechanics.
The Funding Threshold Is The Main Trigger Each proposal should publish a minimum threshold, maximum ceiling, accepted asset, wallet cap, and funding period inside its launch manifest. MemeToro’s planned fixed-rate funding round may accept BNB, supported stablecoins, or $MT.
When the required threshold is reached, the intended flow moves from fundraising toward token deployment, distribution, and PancakeSwap liquidity. Public contracts, rather than the AI model, should check whether the numerical condition was satisfied.
This planned structure gives users several benefits:
Funding goal visible in advance One published contribution rate Wallet limits defined before payment Token allocation recorded publicly Refund conditions stated beforehand PancakeSwap migration tied to a threshold The MemeToro GitHub repository currently contains architecture documents, a manifest example, and proposal validation, not production funding contracts.
The Intended Sequence Needs Contract Confirmation Based on MemeToro’s published model, the expected high-level sequence is: the threshold is met, funding finalizes, the token launches, allocations are distributed, BNB-backed liquidity is created, and the memecoin migrates to PancakeSwap.
That sequence is planned, not implemented. The final contract must reveal the exact order because liquidity timing affects first-market access. Users should simulate finalization and confirm that a failed liquidity action pauses distribution instead of leaving a token without promised market support.
The AI memecoin launchpad should not manually choose new terms at completion. Contracts should execute only the approved supply, funding, distribution, and liquidity settings.
Oversubscription Rules Remain Unconfirmed Available MemeToro materials do not specify what happens when contributions exceed the maximum funding ceiling. Possible approaches generally include rejecting later deposits, refunding excess funds, reducing allocations proportionally, or using a queue.
Those are industry options, not confirmed MemeToro mechanics. Before an AI memecoin presale opens, one method should be published and encoded in the contract. Undefined handling creates uncertainty when demand is highest.
Distribution And Vesting Need Exact Terms MemeToro’s validator currently requires contributor, liquidity, and insider allocations to total 100%, with insider allocation set to zero. That controls draft math.
Available materials do not confirm a universal claim delay or vesting schedule. Buyers should not assume instant distribution. Each proposal must state claim timing, restrictions, unsold-token treatment, and liquidity allocation.
Missing The Goal Should Enable Refunds MemeToro’s example launch manifest uses permissionless refund settings. The intended principle is that failed funding should not leave contributions dependent on a private backend or discretionary team action.
Production refund logic is still unimplemented and unaudited. Users must verify the deployed contract before treating that protection as live.
What Exists Today? The proposal pipeline can produce and validate a draft launch manifest. It checks evidence provenance, allocation totals, insider allocation, funding thresholds, timestamps, and execution settings.
Funding collection, automatic deployment, token claims, excess-contribution handling, locked PancakeSwap liquidity, and mainnet settlement remain roadmap work. For AI presale crypto readers, the honest status is simple: the trigger model is documented, but its production execution is not yet proven.
FAQs Does Reaching The Goal Launch Trading Immediately? That exact timing is not confirmed and must be defined by the production contracts.
What Happens To Excess Contributions? MemeToro has not publicly confirmed a universal refund, queue, or proportional-allocation method.
Are Tokens Vested After Funding? No universal vesting rule for every AI-generated token is confirmed in the available material.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
PancakeSwap x DOS Trading Competition | 266,666 DOS in Rewards
Campaigns
News
2026-08-11
Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.
What is DAPPOS? DAPPOS builds low-barrier AI products that put powerful AI in everyone's hands, without the learning curve. Its flagship product, xBubble, is a low-prompt AI agent that turns simple requests into ready-to-use results. xBubble lowers the barrier by automatically coding, testing, and dispatching task-specific AI SOP solutions, so users can focus on their goals rather than manually coding skills or operating AI.
Learn more at https://dappos.com/
Campaign Duration Start: Aug 11th, 8:00am UTC
End: Aug 25th, 8:00am UTC
DOS Official Contract Address: 0xB0f09ea9ae0515C3551080D4a745C8115aA30e37
Contract on BscScan: 0xB0f09ea9ae0515C3551080D4a745C8115aA30e37
How to Participate & Win To qualify for the random draw, trade at least $500 in DOS pairs on BNB Chain through the PancakeSwap site during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in DOS pairs.
Important note: only trades made through the PancakeSwap Swap Page are eligible.
Tiers & Rewards Tier 1: Trade $500+ → 200 winners get 500 DOS = 100,000 DOS Tier 2: Trade $2,000+ → 100 winners get 1,000 DOS = 100,000 DOS Tier 3: Trade $5,000+ → 41 winners get 1,626 DOS = 66,666 DOS A total of 266,666 DOS is up for grabs!
Important Note: Each wallet address can only win one prize across all three tiers.
Tier 3 Qualifiers: If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don’t win the Tier 3 prize, your wallet will be considered for the Tier 2 draw. If you don’t win there, you will be considered for Tier 1. Tier 2 Qualifiers: If you qualify for Tier 2, but not Tier 3, your wallet will first be drawn for Tier 2. If you don’t win the Tier 2 prize, you will be considered for Tier 1. Terms & Conditions All qualifying trades must involve DOS tokens. Only trades in DOS trading pairs will be eligible. Trades in pairs that do not include DOS will not count toward any part of this campaign. Only trades made on the PancakeSwap Swap Page (Web or Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms will not count towards this campaign. Important: PancakeSwap reserves the right to disqualify any addresses suspected of unfair trading practices through the lens of the trading competition. This may include, but is not limited to: self-dealing, wash trading, false trading, and etc. A filter and analysis of trades that exhibit unusual behaviours to gain an advantage towards the ‘random draw’ will be conducted and excluded from the random draw. The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms will not count towards this campaign. Each wallet address can win a maximum of one reward. All the rewards will be distributed in DOS tokens within 2 weeks after the trading competition’s end date. PancakeSwap reserves the right to suspend, or postpone the trading competition. PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw. In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway. The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets. Good luck, and may the best traders win! 🥞
Binance Wallet, the popular crypto wallet of the renowned crypto exchange Binance, has unveiled a one-tap liquidity provisioning capability for DeFi operations. The new feature streamlines the way users enter or exit liquidity pool-based positions. As per Binance Wallet’s official announcement, the exclusive Zap functionality removes the requirement for liquidity-ratio calculations and manual swaps of tokens. Hence, the initiative permits users to convert one token or several tokens into an inclusive LP position via one transfer.
🔥 One-tap LP is here on Binance Wallet DeFi!
No more manual swaps. No more ratio calculations.
Zap lets you add liquidity with a single token — one tap, one transaction.
✅ Zap In: Single token or dual tokens in any ratio → LP position
✅ Zap Out: LP position → Single token… pic.twitter.com/jU4J6FZRT2
— Binance Wallet (@BinanceWallet) August 7, 2026 Binance Wallet Offers One-Tap Liquidity Provisioning on BSC via Zap Binance Wallet’s launch of one-tap liquidity provisioning is presently usable on BNB Smart Chain via PancakeSwap and Uniswap V3. The update intends to minimize the number of moves needed for wider liquidity provisioning, along with enhancing efficiency for those using DeFi. For the addition of liquidity to decentralized exchanges (DEXs), users may require holding particular token pairs along with calculating the precise allocation ahead of creating an LP position.
However, the exclusive Zap feature of Binance Wallet is set to eliminate much of the respective complexity by letting consumers enter liquidity pools with the use of a relatively streamlined procedure.
Apart from that, with Zap In, consumers can offer one or more tokens in any suitable ratio as well as transform them into a comprehensive LP position. As a result, they do not need any manual execution of swaps ahead of depositing their assets into compatible liquidity pools. By reducing the number of manual steps, the new feature lowers the entry barrier for users looking to participate in DeFi liquidity pools more efficiently. The procedure is accomplished via one transfer within the DeFi environment of Binance Wallet.
Expanding DeFi Use Cases and Efficiency According to Binance Wallet, another feature is Zap Out. Rather than requiring withdrawal of the LP position and a separate swap of the resulting assets, it converts an LP position into one token. So, one-tap LP capability expands the DeFi functionality of the wallet beyond simple asset swaps and management. Overall, the move provides consumers with a more convenient and faster way to manage their liquidity positions across compatible BSC-based DeFi entities.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
PancakeSwap x QUID Trading Competition | 666,667 QUID in Rewards
Campaigns
Ecosystem
News
2026-08-05
Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.
We're excited to bring you a 666,667 trading competition in collaboration with Squid ($QUID).
What is Squid? Squid is a single integration for seamless cross-chain swaps, bridges, and contract calls across 100+ chains, including EVM, Bitcoin, Solana, Ripple, Hedera, and Cosmos. Whether it’s a wallet, DEX, DeFi protocol, or any application that needs cross-chain functionality, Squid provides the infrastructure to connect these users across blockchains.
Learn more at www.squidrouter.com/
Campaign Duration Start: Aug 5th, 12pm UTC
End: Aug 19th, 12pm UTC
QUID Official Contract Address: 0x1a44233FAe8D50F1AeB3a5d58dd426ff4814Cb53
Contract on BaseScan: https://basescan.org/tx/0xc777c819afab2ac630a779e79ee7b0c3e86ab887d51e31fb47b317ef66a78ab4
How to Participate & Win To qualify for the random draw, trade at least $500 in QUID pairs on BASE through the PancakeSwap site during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in QUID pairs.
Important note: only trades made through the PancakeSwap Swap Page are eligible.
Tiers & Rewards Tier 1: Trade $500+ → 200 winners get 1,250 QUID = 250,000 QUID Tier 2: Trade $2,000+ → 100 winners get 2,516 QUID = 251,600 QUID Tier 3: Trade $5,000+ → 41 winners get 4,026 QUID = 165,067 QUID A total of 666,667 QUID is up for grabs!
Important Note: Each wallet address can only win one prize across all three tiers.
Tier 3 Qualifiers: If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don’t win the Tier 3 prize, your wallet will be considered for the Tier 2 draw. If you don’t win there, you will be considered for Tier 1. Tier 2 Qualifiers: If you qualify for Tier 2, but not Tier 3, your wallet will first be drawn for Tier 2. If you don’t win the Tier 2 prize, you will be considered for Tier 1. Terms & Conditions All qualifying trades must involve QUID tokens. Only trades in QUID trading pairs will be eligible. Trades in pairs that do not include QUID will not count toward any part of this campaign. Only trades made on the PancakeSwap Swap Page (Web or Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms will not count towards this campaign. Important: PancakeSwap reserves the right to disqualify any addresses suspected of unfair trading practices through the lens of the trading competition. This may include, but is not limited to: self-dealing, wash trading, false trading, and etc. A filter and analysis of trades that exhibit unusual behaviours to gain an advantage towards the ‘random draw’ will be conducted and excluded from the random draw. The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms will not count towards this campaign. Each wallet address can win a maximum of one reward. All the rewards will be distributed in QUID tokens within 2 weeks after the trading competition’s end date. PancakeSwap reserves the right to suspend, or postpone the trading competition. PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw. In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway. The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets. Good luck, and may the best traders win! 🥞
BNB Chain Targets Its Growing AI Agent Ecosystem@BNBChain has launched a strategic hackathon called "Build the Era," with one clear objective: create the definitive marketplace for its rapidly expanding network of on-chain AI agents. The initiative comes as the chain cements its position as the leading home for AI agents built on the ERC-8004 standard.
According to BNB Chain's own data, BNB Smart Chain now hosts more than 200,000 ERC-8004 agents as of mid-July 2026, representing roughly 60% of all such agents registered across 26 networks and more than every other network combined. The Defiant reported earlier this year that BNB Chain had already surpassed Ethereum as the blockchain hosting the largest number of AI agents under the ERC-8004 standard, a figure that has continued climbing significantly since.
ERC-8004 is an on-chain identity standard that gives autonomous AI agents a verifiable, portable identity across platforms, allowing them to register identities, build reputation, and transact with each other without human intermediaries. Despite this growth, the sheer volume of registered agents has created a practical problem: discoverability. With hundreds of thousands of agents active on-chain, there is currently no unified platform for developers and users to find, evaluate, and hire them. That is the gap "Build the Era" aims to close.
Over $40,000 in Prizes and a Path to Official AdoptionThe hackathon offers more than $40,000 in initial prize liquidity, with sponsors including @TermiX_A, @PancakeSwap, @alt_layer, @binance Pay, and @AltanaNetwork. Crucially, the winning submission is not just in line for a cash prize. The top platform is slated for official adoption as a standalone "BNB Agent Studio" product, giving the winner a direct route into the core BNB Chain ecosystem alongside incubation support from ecosystem partners.
The move is consistent with a broader pattern from @BNBChain, which has used a series of developer incentive programs throughout 2026 to accelerate AI-native infrastructure on its network. By turning the marketplace problem into a competitive build challenge, the chain is effectively crowdsourcing one of its most pressing infrastructure gaps while simultaneously rewarding the builders who solve it.
For @PancakeSwap and the other prize sponsors, the hackathon represents a direct stake in shaping how AI agents are discovered and deployed across the $BNB ecosystem going forward.
Sources:
BNB Chain Blog: AI Agent Landscape, Agents, Tools, and Payments
The Defiant: BNB Chain Overtakes Ethereum by Number of AI Agents
Chainwire: BNB Chain Announces Support for ERC-8004
BNB Chain has reclaimed the number-two spot in decentralized exchange activity, posting $1.473 billion in 24-hour DEX volume compared to Solana’s $1.301 billion, according to DefiLlama data. That’s roughly a 13% gap, not a blowout, but enough to remind the market that the DEX wars are far from settled.
The flip matters because Solana had been riding high just weeks ago. In mid-July 2026, Solana was pulling in $4.15 billion in daily DEX volume, more than triple what BNB Chain is doing now. That kind of swing tells you everything about how quickly liquidity rotates in DeFi.
What’s fueling BNB Chain’s comeback PancakeSwap is doing the heavy lifting here. The automated market maker has been the primary engine behind BNB Chain’s renewed trading activity, at times even outpacing Uniswap in volume.
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The volume spike appears heavily driven by retail and memecoin trading. BNB Chain has long positioned itself as the budget-friendly alternative to Ethereum, with lower gas fees making it attractive for the kind of high-frequency, small-ticket swaps that memecoin traders love.
On a weekly basis, the numbers are even more striking. BNB Chain has tallied approximately $19 billion in DEX volume over the past week, outpacing both Solana and Ethereum according to Dune Analytics data.
The top three chains, Ethereum, BNB Chain, and Solana, now collectively account for about 76% of global DEX volume.
A rivalry with a short memory This isn’t BNB Chain’s first time leapfrogging Solana. Back in March 2025, BNB Chain recorded $1.64 billion in daily DEX volume against Solana’s $1.08 billion. The two chains have been trading the second-place position like a baton in a relay race that never ends.
Solana’s mid-July surge to $4.15 billion showed it can massively outperform when momentum is on its side. Solana’s current $1.3 billion figure represents a steep cooldown from its July peak, a drop of nearly 69%.
What this means for investors Trading volume is one of the most direct measures of network utility. More volume means more fee revenue for liquidity providers, more burn pressure on native tokens (BNB has a regular burn mechanism), and more developer attention.
For BNB holders, the sustained volume is a bullish signal for token demand. Every transaction on BNB Chain requires BNB for gas, and PancakeSwap’s CAKE token also benefits from increased protocol activity. When daily volume is consistently above $1 billion, that translates into meaningful fee generation across the ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PancakeSwap x GRVT Trading Competition | 333,333 GRVT in Rewards
Campaigns
Ecosystem
News
2026-07-30
Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.
We're excited to launch a 333,333 GRVT trading competition in collaboration with GRVT (Grvt). Trade GRVT to compete for prizes while trading on the PancakeSwap Swap Page, on both mobile and web interfaces.
What is Grvt? Grvt is a regulated self-custodial platform, with funds held on blockchain-secured smart contracts, giving users complete control. They are powered by Matter Labs' Elastic Chain. Grvt is building on ZKsync for the benefits of scalability, low latency, high throughput and zero gas trading. In this way, they are able to ensure cheaper and faster transactions for users. They also leverage ZKsync's Validium technology to offer trading privacy, guaranteeing that your trade details remain confidential.
Learn more at https://grvt.io/
Campaign Duration Start: July 30th, 2PM UTC
End: August 13th, 2PM UTC
GRVT Official Contract Address: 0x46F2564E0FA8248d15125E7e54173cfbdEf91Be7 on BNB
Contract on BSCScan: https://bscscan.com/address/0x46f2564e0fa8248d15125e7e54173cfbdef91be7
How to Participate & Win To qualify for the random draw, trade at least $500 in GRVT pairs on BNB Chain on the PancakeSwap Swap Page during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in GRVT pairs.
Important note: only trades made on the PancakeSwap Swap Page (Web or Mobile interface) are eligible.
Tiers & Rewards Tier 1: Trade $500+ → 200 lucky winners get 625 GRVT each = Total 125,000 GRVT Tier 2: Trade $2,000+ → 100 lucky winners get 1,258 GRVT each = Total 125,800 GRVT Tier 3: Trade $5,000+ → 41 lucky winners get 2,013 GRVT each = Total 82,533 GRVT Grand total: 333,333 GRVT up for grabs
Important Note: Each wallet address can only win one prize across all three tiers.
Tier 3 Qualifiers: If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don’t win the Tier 3 prize, your wallet will be considered for the Tier 2 draw. If you don’t win there, you will be considered for Tier 1. Tier 2 Qualifiers: If you qualify for Tier 2, but not Tier 3, your wallet will first be drawn for Tier 2. If you don’t win the Tier 2 prize, you will be considered for Tier 1. Terms & Conditions All qualifying trades must involve GRVT tokens. Only trades in GRVT trading pairs will be considered. Trades in pairs that do not include GRVT will not count toward any part of this campaign. Only trades made on the PancakeSwap Swap Page (Web & Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms will not count towards this campaign. Important: PancakeSwap reserves the right to disqualify any unfair trading practices in the lens of the competition. This may include, but is not limited to: self-dealing, wash trading, false trading, and etc. A filtering and analysis of trades that exhibit these behaviours will be conducted and excluded from the rewards random draw. The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms will not count towards this campaign. Each wallet address can win a maximum of one reward. All the rewards will be distributed in GRVT tokens within 2 weeks after the campaign ends. PancakeSwap reserves the right to cancel, suspend, or postpone the Campaign or amend the Campaign rules at our sole discretion without notice to you. PancakeSwap will disqualify any entry from participants who do not meet the eligibility requirements as solely and absolutely determined by PancakeSwap. In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway. The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets. Cryptocurrencies carry significant risks, including the potential loss of your entire investment. We strongly recommend seeking professional advice before making any financial, investment, or trading decisions. Start Trading Now!
BNB Chain Takes the Top SpotBNB Chain (@BNBCHAIN) has climbed to the top of the decentralized exchange leaderboard, recording $19 billion in weekly trading volume and pulling ahead of Solana (@solana), Ethereum (@ethereum), and other major blockchain networks. The data, tracked via Dune Analytics, marks a notable shift in the on-chain trading landscape as competition for DEX dominance grows increasingly fierce.
The result reflects a broader dynamic playing out across major ecosystems. According to a 2026 DEX volume analysis by DEXTools, the competition now spans four main networks, with each chain attracting a distinct type of trader. BNB Chain has positioned itself as the go-to venue for retail-scale activity, driven by low transaction fees and high throughput. VanEck notes that BNB Chain operates at roughly 34 million monthly active users, with a median transaction fee of less than half a cent.
PancakeSwap Leads the ChargePancakeSwap (@PancakeSwap) remained the dominant force within the BNB Chain ecosystem, accounting for the largest share of trading activity. According to DefiLlama, PancakeSwap currently holds $2.02 billion in total value locked, with BSC accounting for 96.5% of that figure across all chains the protocol operates on. Data from CoinMarketCap puts PancakeSwap's BNB Chain market share at around 82.91% in 2025, underlining just how central the protocol is to the network's volume story.
The platform's appeal rests on a straightforward proposition. Fees remain considerably cheaper than most Ethereum-based alternatives, making it a natural destination for retail traders. Memecoin activity has added a steady stream of speculative volume on top of that base.
The broader context is worth noting. The DEX volume race in 2026 has seen different chains trade the lead depending on the timeframe. Solana led for much of Q1 on the back of heavy memecoin flows, while Ethereum retains the largest overall total value locked in DeFi. BNB Chain's latest weekly figure, however, puts it firmly at the front of the pack on a volume basis for the period in question.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
2 hours ago
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
2 hours ago
SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
2 hours ago
Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
2 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
2 hours ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tokenized real world assets crossed ~$30B onchain this month, and the fastest moving corner is tokenized stocks: real US equities you can trade from a wallet, anywhere in the world, any time. No brokerage account, no market hours.
And a leading onchain venue to trade them? Hint: You're already here.
🌐 What Are RWAs? Real world assets (RWAs) are traditional financial assets - stocks, bonds, U.S. Treasuries, ETFs, commodities - issued as tokens on a blockchain, typically backed 1:1 by the real asset held with a custodian.The asset stays real; only the wrapper changes. That wrapper is the focus: it moves assets that normally live behind brokers, banks, and business hours onto open rails where anyone can hold, transfer, and trade them onchain.
Here's the full menu at PancakeSwap across BNB Chain, Ethereum, Robinhood Chain, and Solana:
RWA CategoryWhat It IsIssuersExamplesTokenized stocksReal U.S. equities, onchain - deep dive belowbStocks, Ondo, xStocks, RobinhoodTSLAB, NVDAB, CRCLBTokenized ETFsOnchain exposure to index and sector fundsOndo, xStocksS&P 500 ETFTokenized bonds & TreasuriesU.S. government debt exposure, onchainOndo Global MarketsTMUSon, USOonTokenized goldCommodity exposure, onchainTether GoldXAUT (Full asset lists live with each issuer)
Tokenized Stocks in 60 Seconds A tokenized stock is a token backed by or tracking a real share - in most cases held 1:1 with a licensed custodian, so one tokenized Tesla means one real Tesla share in reserve. On BNB Chain they're standard BEP-20 tokens - self-custodied, freely transferable, and composable across DeFi - and you can trade them on PancakeSwap across Ethereum, Solana, and Robinhood Chain too.
Why they exist: traditional stock investing is gated by geography - paperwork, minimums and FX fees. Tokenized stocks make that access borderless. A wallet and some stablecoins is the entire onboarding.
How they get their price: two mechanisms keep tokens glued to the real stock. Mint / redeem arbitrage against the underlying reserves anchors the peg, while Chainlink's tokenized equity feeds aggregate prices from multiple premium data providers into a tamper-resistant onchain reference — corporate actions like splits and dividends included. Backing is verifiable too: check Binance's Proof of Collateral, xStocks, and Ondo's docs.
🥞 PancakeSwap’s Tokenized Stocks Terminal: Four Issuers, One Venue PancakeSwap's Tokenized Stocks Terminal is the single onchain venue where every major tokenized stock issuer lives side by side - 1000+ assets across four issuers, with more listing regularly:
bStocks: the flagship of the menu. 40+ tokenized U.S. securities issued via Binance and backed 1:1 by real shares you can verify yourself, any time, on the live Proof of Collateral page Best of all: you keep earning dividends on the underlying stock, collected directly in your token balance - the only issuer on the menu that offers this.
Ondo: 400+ tokenized U.S. stocks, ETFs, and bonds (AAPLon, AMZNon, TSLAon). xStocks: 500+ tokenized equities and ETFs powered by Backed, including the S&P 500 ETF, tradeable from just $10. Robinhood: 90+ Stock Tokens linked to companies and ETFs including Nvidia, Google, Apple, and the Invesco QQQ, live on Robinhood Chain and tradeable through PancakeSwap 24/7 across 120+ countries. Trade on PancakeSwap: One Stop Shop for RWAs This is the real edge:
Gasless trading - trades executed through PancakeSwapX cost you nothing in gas. Better pricing by design - orders are filled through open competition between market makers, so you get the best quote, not the only quote. Built for a crosschain future - PancakeSwapX is an intent-based solution, meaning your RWA trades won't stay boxed into one chain long term. The widest issuer menu - bStocks, Ondo, xStocks and Robinhood side by side, plus Colb for pre-IPO exposure, all in one venue. A true terminal, not just a swap page - real stock market data, onchain data and company fundamentals in one view, so you can research before you trade, with issuer comparison now live. Near instant settlement instead of T+1. Full self custody - tokens sit in your wallet, not a broker's ledger. Composability - your tokenized stocks are DeFi building blocks - with bStocks, earning dividends the whole time. Tokenized asset volume on PancakeSwap has already crossed $1B cumulative, and it's still early.
How to Use PancakeSwap’s Tokenized Stock Terminal Open the Terminal. Go to https://pancakeswap.finance/stocks or click "Stocks" in the navigation bar.
Browse the market. Live prices and charts for every listed asset. Filter by issuer: bStocks, Ondo, xStocks or Robinhood — using the category selector under the search bar, or search a ticker directly. When you search a ticker directly, you can see price options by multiple issuers in the swap interface. Select one offering the best price.
Connect your wallet. Any BNB Chain-compatible wallet works; hold USDT or USDC to trade with.
Swap. Pick your stock, enter the amount, confirm. Settlement lands in seconds, tokens go straight to your wallet.
Check under ‘My Positions’ to see your holdings.
You can now hold, trade anytime, or deploy across DeFi as integrations expand.
And the menu never stops growing.
Fresh out of the Kitchen on bStocks: TSMC (TSMB), Broadcom (AVGOB), Nokia (NOKB), IBM (IBMB), Alibaba ($BABAB), Rocket Lab (RKLBB) and more are some of the most recent additions with fresh bstocks landing regularly. Keep an eye on the Terminal; your next favorite stock might already be there.
Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.
Stack'em, The Chefs 🥞
Disclaimer: Tokenized stocks are not available in all regions and are subject to issuer eligibility requirements (see PancakeSwap region list). Trading involves risk, including possible loss of value. Nothing here is financial, investment, or legal advice, do your own research.
Balance Coin, an algorithmic stablecoin designed to maintain a fixed value of $1, plummeted by approximately 99% on Wednesday after a major security breach. The attack resulted in the loss of $912,000 from the project’s treasury, wiping out nearly its entire $3.5 million nominal value.
Algorithmic stablecoin loses peg after exploitBalance Coin (BLC) is a stablecoin built on an algorithmic model and aimed at consistently trading close to the US dollar. Before the incident, BLC was trading at around $0.9954. However, by early Wednesday, its price had plunged to between $0.0014 and $0.0025, according to several tracking services.
This sharp decline followed a targeted exploit that manipulated the project’s BTCB price oracle. By late Wednesday, BLC had lost nearly all of its market value.
Security flaw exploited via distorted oracleThe Balance Protocol operates a lending and minting system reminiscent of MakerDAO, allowing users to lock up assets such as Bitcoin Cash (BCH), Binance-pegged Bitcoin (BTCB), and USDT in order to mint new BLC tokens. When collateral falls below a required threshold, the protocol automatically liquidates the position and sells the collateral.
SlowMist, a blockchain security firm, traced the exploit to the protocol’s Median Oracle, which supplies BTCB price data. The attacker set an abnormally low price for BTCB using the Spotter contract’s ‘poke’ function, then triggered liquidations through the Dog module. SlowMist noted the Spotter module lacked safeguards such as a time-weighted average price, deviation bounds checking, or a liquidation delay.
SlowMist observed that the protocol’s absence of critical security features allowed an attacker to liquidate secure vaults by submitting a manipulated price, collecting the collateral in a single transaction.
Without these protections, the system quickly became vulnerable, making previously safe vaults suddenly appear insolvent and allowing the thief to claim the locked assets.
Mini dictionary: Oracle, a mechanism that provides external data (such as asset prices) to smart contracts, playing a crucial role in decentralized finance platforms’ operations.
Attacker mints tokens and converts to real assetsThe exploitation did not stop with liquidations. Using a compromised GemJoin contract, the attacker minted around 4.5 million BLC tokens from a null address and promptly swapped them on PancakeSwap V2 for BSC-USD and BTCB, turning freshly created BLC into tangible cryptocurrencies.
A second similar transaction occurred two hours later, minting an additional 5,900 BLC. The sudden influx of unbacked tokens disrupted BLC’s peg in real time, as the mechanism intended to hold its dollar value was turned against the system itself.
Mini dictionary: PancakeSwap, a decentralized exchange protocol on the BNB Chain that allows swapping of BEP-20 tokens without intermediaries.
Security audit limitations and repeated BNB Chain attacks42DAO, the team behind Balance Coin, had previously relied on a CertiK audit of its minting contract as a symbol of security. CertiK is a well-known blockchain security auditor. However, these audits generally focus on bugs such as coding or access control issues, and often treat oracle-price feeds as trusted inputs, overlooking the risk of manipulated data feeds.
Despite Oracle manipulation being highlighted by OWASP’s 2026 Smart Contract Top 10, such attacks typically fall outside standard audit scopes. Balance Coin’s system lacked a time-weighted average price feed, deviation bounds checking, and did not implement a liquidation delay similar to the one-hour Oracle Safety Module used by MakerDAO.
While the system underwent a legitimate audit, its lack of key security measures made it vulnerable to manipulation through the price oracle, which was not considered within the standard audit’s scope.
Security FeatureImplemented by Balance CoinImplemented by MakerDAOTime-weighted average price feedNoYesDeviation bounds checkingNoYesLiquidation delay (Oracle Safety Module)NoYes (1 hour)The Balance Coin incident is the third significant DeFi exploit on BNB Chain in the past two months. In late May, around $7.3 million was stolen from DxScale’s legacy liquidity lockers, and in early June, TesseraDAO suffered a $2.5 million loss due to an admin-key compromise. In all three incidents, affected teams remained silent following the attacks.
Recent analyst commentary points out that attackers are increasingly targeting vulnerabilities in governance structures and data oracles, rather than searching for coding bugs.
Growing instability in algorithmic stablecoins has become more evident after prominent failures including the collapse of Terra’s UST in 2022, as well as repeated depegs affecting Ethena’s USDe and Abracadabra’s MIM.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PancakeSwap just crossed $1 billion in cumulative trading volume for tokenized assets on its decentralized exchange. To put that growth rate in perspective, the platform reported $100 million in tokenized asset volume during its mid-year recap on July 17. Four days later, that number was ten times larger.
The numbers behind the milestone PancakeSwap’s tokenized asset volume is impressive on its own, but it looks even more interesting when you zoom out. The platform has accumulated $4.2 trillion in total lifetime trading volume across all asset types, with a user base of 190 million.
The BNB Chain, where PancakeSwap does the bulk of its work, now hosts over 709 tokenized stocks and ETFs. The chain’s cumulative volume for tokenized stocks alone has surpassed $5 billion, making it the dominant blockchain for this particular flavor of on-chain trading.
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Among the standout products, the tokenized Nasdaq-100 (QQQB) exceeded $100 million in 24-hour volume. PancakeSwap also facilitates trading in Binance’s bStocks, which include tokenized versions of household names like NVIDIA and Tesla.
Why tokenized assets are gaining traction Traditional stock markets operate roughly 6.5 hours per day, five days per week. Crypto markets never close. Tokenized assets bridge that gap, letting traders access equity exposure with the same 24/7 availability they expect from Bitcoin or Ethereum.
The 56 million CAKE tokens burned during the reporting period leading up to the July 21 announcement also suggest healthy protocol economics. Token burns reduce circulating supply, and when they’re funded by genuine trading activity rather than artificial mechanisms, they indicate sustainable demand.
Context and competitive landscape There’s an important distinction between institutional RWA tokenization and what PancakeSwap is doing. Institutional efforts tend to focus on bonds, treasuries, and private credit. PancakeSwap is bringing retail-friendly products like individual stocks and popular ETFs to a decentralized trading environment.
The BNB Chain’s dominance in this space, with over 709 tokenized products and $5 billion in cumulative stock volume, gives PancakeSwap a structural advantage.
What this means for investors Regulatory risk remains the elephant in the room. Tokenized stocks exist in a gray area in many jurisdictions. Whether they’re classified as securities, derivatives, or something else entirely varies by country, and enforcement actions could reshape this market overnight.
For CAKE holders specifically, the combination of growing volume and ongoing token burns creates a potentially favorable supply-demand dynamic. PancakeSwap has found a product-market fit that extends beyond memecoins and DeFi-native tokens, and that diversification of revenue streams is exactly what a mature DEX needs to stay relevant in an increasingly competitive landscape.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.