The positive signal of the Base ecosystem reemerges. PancakeSwap recently announced the performance data of the CAKE token for the entire year of 2025, with impressive results.

Throughout the past year, CAKE achieved an 8.19% token supply burn, corresponding to approximately 31.6 million tokens being permanently removed from circulation. From a macro perspective, the total supply decreased from 380 million to 349 million tokens, indicating that the scarcity of the token is continuously increasing. More notably, this marks the 28th consecutive month of net reduction for CAKE—such a long-term, stable deflationary mechanism is rare among mainstream DEXs.

This ongoing burn strategy is reshaping the value foundation of CAKE. By systematically reducing circulating supply, the project team is unlocking potential value for long-term holders. For users participating in DeFi trading and liquidity mining, these data reflect the health and sustainability of the project ecosystem.