#1 of 25 · PancakeSwap
Is CAKE deflationary?
Shrinking · −4.0% target supply next year
CAKE supply is expected to shrink over the next twelve months (−4.0% target). That figure is a published project target, not a measured rate. Under its multi-product fee burns program, tokens are permanently destroyed, funded by trading, perps, lottery and launch fees. No scheduled token releases are known for the next twelve months. Beneat Supply Watch ranks CAKE #1 of 25 with an overall supply score of 93 out of 100, as of Sep 6, 2026.
Supply score
93 / 100
Key figures
Supply next year
−4.0% target
Tokens unlocking, 12 months
None known
Circulating
80.2%
Market cap
$702M
Supply direction score
86
Release pressure score
100
Program strength
96
Track record
95
Scores are 0–100 research shortcuts, not price forecasts. Sources: partial. Data as of Sep 6, 2026.
Supply history
Daily observed circulating supply from the market snapshot. Scheduled releases are shown separately below.
Upcoming releases
Supply changes with network use rather than a fixed release schedule. No insider cliff is modeled; emissions and recurring burns determine the path.
No calculable CAKE release is published for the coming months.
How CAKE supply changes
Paid for by
Trading, perps, lottery and launch fees
What happens
Multi-product fee burns
Where tokens go
Permanently burned
Product-specific fee shares are burned. PancakeSwap targets at least 4% annual deflation and a roughly 20% supply reduction by 2030.
Catalyst
No material catalyst recorded.
Offsetting risk
The −4% figure is a protocol target, not a guaranteed realized rate.
Questions people ask about CAKE supply
- Is CAKE deflationary?
- CAKE supply is expected to shrink over the next twelve months (−4.0% target). That figure is a published project target, not a measured rate. Under its multi-product fee burns program, tokens are permanently destroyed, funded by trading, perps, lottery and launch fees. No scheduled token releases are known for the next twelve months. Beneat Supply Watch ranks CAKE #1 of 25 with an overall supply score of 93 out of 100, as of Sep 6, 2026.
- When is the next CAKE unlock?
- No dated CAKE release is published for the coming months: supply changes with network use rather than a fixed release schedule. No insider cliff is modeled; emissions and recurring burns determine the path.
- How much CAKE is in circulation?
- 320.8M CAKE is in circulation, about 80.2% of the 400.0M reference supply, with a market cap of $702M. Release progress is 4 of 5; expected completion: Dynamic emissions.
- How does CAKE supply change?
- Product-specific fee shares are burned. PancakeSwap targets at least 4% annual deflation and a roughly 20% supply reduction by 2030. Program: Multi-product fee burns. Paid for by trading, perps, lottery and launch fees. Destination: permanently burned.
- How reliable is this data?
- CAKE has partial sources: 2 cited documents, last checked Sep 6, 2026. Reconciliation against the published plan is "within-tolerance". Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation.
Sources
- CoinGecko · Market and circulating-supply snapshot ↗2026-09-06
- PancakeSwap · CAKE emissions and burn mechanics ↗2026-09-01
Reconciliation: within-tolerance. Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation. Machine-readable data: /api/screener/deflationary and calendar for CAKE.
Compare with
All 25 tokens on Beneat Supply Watch · How Supply Watch compares with other tools
Research only. Not investment advice. Beneat Supply Watch does not forecast prices.