PancakeSwap announced on X platform that PancakeSwap Perpetual V2 Dumb mode is now available on Arbitrum.

According to official sources, PancakeSwap has burned 9,235,605 CAKE tokens, worth approximately $21 million.

On November 23, as monitored by PeckShield, Justin Sun withdrew 11.5 million TRX (approximately $1.17 million) and over 1.16 million USDT (approximately $1.17 million) in liquidity funds from PancakeSwap.Subsequently, the address bridged 11.5 million TRX to BitTorrent.

Pancakeswap, the third-largest decentralized exchange in terms of total value locked, has introduced a new voting system called "Gauges." This system enables governance token holders to vote for additional rewards to be distributed to specific pools. The exchange has also replaced its vCAKE metric with a new metric called "veCAKE." To gain the ability to vote, CAKE holders must lock their tokens into a smart contract for a set period, and the longer they lock their tokens, the more voting power they receive. The exchange has eliminated its syrup pool reward system and will now only give additional fees to users who have veCAKE.

PancakeSwap announced the launch of a new CAKE release governance system, Gauges Voting and veCAKE. Among them, the Gauges Voting voting system allows veCAKE holders to influence the allocation of CAKE releases when launching mining products on BNB Chain, Ethereum, and Arbitrum. PancakeSwap's DAO governance is currently driven by veCAKE, which is a new voting custody (ve) system independent of vCAKE. The veCAKE token allows voting on governance proposals for PancakeSwap and determines CAKE release allocation through Gauges Voting.

The PancakeSwap community has proposed "Adjusting Voting Power Requirements to Reduce Spam" by increasing the required voting power for creating proposals from 10 vCAKE to 1000 vCAKE. This will allow more active contributors to be heard and make suggestions, while also preventing spam proposals from dominating the discussion. The voting deadline for this proposal is November 17th at 6:00 PM.

On November 15th, PancakeSwap announced on social media the launch of the PancakeSwap Gaming Marketplace, which supports creating, building, and playing games. Currently, it supports two flagship games: Pancake Protectors and Pancake Mayor for Binary X.

On November 13th, according to DefiLlama's data, THORChain's trading volume reached $1.32 billion last week, second only to Uniswap ($10.85 billion) and PancakeSwap ($2.77 billion). THORChain's trading volume in the past 24 hours was $334.3 million, ranking second and nearly $50 million higher than the third-ranked PancakeSwap. At the same time, according to CoinGecko's data, RUNE rose 51% in the past week and more than 200% in the past 30 days.

PancakeSwap, a decentralized crypto exchange, has partnered with DeFi protocol Bril Finance to introduce portfolio manager functionality. The new feature enables users to deposit tokens into single-asset vaults via the exchange's user interface, which then go into a liquidity provision algorithm with automatic rebalancing. <br>

Decentralized trading protocol PancakeSwap has reduced the release amount of CAKE tokens in each block from 0.5 to 0.35 following the previously passed CAKE token economics 2.5 proposal.