CAKE PancakeSwap's 24-hour trading volume reaches 2.67 billion, ranking first among DEXs. The 2.67 billion trading volume primarily comes from AMM trading (V2 and V3 versions): V3 Trading: Accounts for 70% of the total trading volume (as V3 is the main version of PancakeSwap with superior features). V2 Trading: Accounts for 20% of the total trading volume (V2 still has some users). StableSwap Trading: Accounts for 10% of the total trading volume (StableSwap typically has a smaller trading volume). V3 Trading: The burn ratio is 0.01%-0.23%, taking the midpoint of 0.12% (as the specific ratio depends on the pool, 0.12% is a reasonable estimate). Burn revenue = 18.69 × 10⁹ × 0.0012 = 22,428,000 (approximately 22.428 million). V2 Trading: The burn ratio is 0.0575%. Burn revenue = 5.34 × 10⁹ × 0.000575 = 3,070,500 (approximately 3.0705 million). StableSwap Trading: The burn ratio is 0.004%-0.02%, taking the midpoint of 0.012%. Burn revenue = 2.67 × 10⁹ × 0.00012 = 320,400 (approximately 0.3204 million). The estimated revenue for buyback and burn is approximately 26.59 million. This figure is based on the dominant contribution from AMM trading (V2, V3, and StableSwap). @PancakeSwap @binancezh @cz_binance