PancakeSwap: The supply of CAKE decreased by 472,000 in April, marking the eighth consecutive month of reduction

The official announcement from PancakeSwap states that as of May 6, 2024, PancakeSwap has successfully destroyed 0.123% of the total CAKE supply, marking eight consecutive months of reduction in the total CAKE supply with a decrease of 2,575,069 CAKE tokens. In April 2024, the net minting amount for PancakeSwap was -472,010. This negative net minting indicates that more CAKE tokens were destroyed than minted during that month.