*Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.*

## **What is TermMax**

TermMax A next-generation loan AMM offering one-click looping, range orders, fixed/variable rates, and customizable pricing curves.

Learn more at https://ts.finance/

## **Campaign Duration**

Start:  **Aug 26th 12pm SGT**

End:  **Sept 9th, 12pm SGT**

**$TMX Official Contract Address:**  **0x3c2F61f2E27C865981D2e7aAf6b2CDf823030039**

## **How to Participate & Win**

To qualify for the random draw, trade at least $500 in $TMX on BNB Chain the PancakeSwap Swap Page during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in $TMX  pairs.

Important note: only trades made on the PancakeSwap Swap Page (Web or Mobile interface) are eligible.

### **Tiers & Rewards**

**Tier 1: Trade $500+ → 200 winners get 1,108 TMX = 221,600 TMX**

**Tier 2: Trade $2,000+ → 100 winners get 3,324 TMX = 332,400 TMX**

**Tier 3: Trade $5,000+ → 41 winners get 6,813 TMX = 279,333 TMX**

**A total of 833,333 $TMX**

### **Important Note:**

Each wallet address can only win one prize across all three tiers.

- **Tier 3 Qualifiers:** If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don’t win the Tier 3 prize, your wallet will be considered for the Tier 2 draw. If you don’t win there, you will be considered for Tier 1.
- **Tier 2 Qualifiers:** If you qualify for Tier 2, but not Tier 3, your wallet will first be drawn for Tier 2. If you don’t win the Tier 2 prize, you will be considered for Tier 1.

### **Terms & Conditions**

- All qualifying trades must involve TMX tokens. Only trades in TMX trading pairs will be eligible. Trades in pairs that do not include TBD will not count toward any part of this campaign.
- Only trades made on the PancakeSwap Swap Page (Web or Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms will not count towards this campaign.
- Important: PancakeSwap reserves the right to disqualify any addresses suspected of unfair trading practices through the lens of the trading competition. This may include, but is not limited to: self-dealing, wash trading, false trading, and etc. A filter and analysis of trades that exhibit unusual behaviours to gain an advantage towards the ‘random draw’ will be conducted and excluded from the random draw.
- The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms will not count towards this campaign.
- Each wallet address can win a maximum of one reward.
- All the rewards will be distributed in TBD tokens within 2 weeks after the trading competition’s end date.
- PancakeSwap reserves the right to suspend, or postpone the trading competition.
- PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw.
- In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway.
- The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets.

Good luck, and may the best traders win! 🥞

Trade TMX on PancakeSwap for your chance to win from a 833,333 TMX prize pool. 

Blog:  PancakeSwap x TMX Trading Competition | 833,333 $TMX in Rewards 

Quoting five pairs shouldn't cost five times the capital. But onchain, that's the deal every asset issuer gets: liquidity is tied to each pair, so every new pair means putting up another chunk of capital - most of it just sitting there, earning nothing until that exact pair trades within the exact price range. Every time you want to quote a new pair, you LP fresh capital into it — capital that's then locked to that one pair and can't be used anywhere else.

The Shared Inventory Hook (SIH) breaks that link. It's the newest hook on PancakeSwap Infinity — and the first built for capital efficiency. 

*💡 Recap: A hook is a smart contract (like an add-on) that plugs into an Infinity pool and runs custom logic mid-swap — no new venue to spin up.*

So how does it work? 

Instead of locking a separate stack in every pool, an RWA asset issuer funds **one shared inventory**, and the shared inventory hook quotes depth from it into whichever pair is trading — just-in-time, right as the swap happens. Think of it as one stock room supplying every dish in the kitchen, instead of a separate stock room for each. One balance does the work of many.

That single shift is what makes SIH capital efficient, and it shows up three ways:

- **Capital stays active and working.** Liquidity from the hook inventory is injected just-in-time on a swap, so it's actively working and earning you fees instead of sitting idle.
- **Fee opportunity from one balance, across multiple pairs.** One inventory earns across all the pairs it serves, so you capture fee flow with far less capital deployed.
- **Lower price impact.** Because the liquidity quoted at swap time is deeper, large trades see lower price impact whenever SIH is quoting the best price.
- **Increased capital efficiency.** Fund once; the same capital backs depth across every SIH-enabled pair. Plus, you can enable SIH for a new pair without adding capital.

> **Already convinced? Bring your assets onchain the capital efficient way — t**alk to our BD team → [t.me/leo0628](https://t.me/leo0628)
> 

## The proof is onchain

SIH went live with bStocks this August, and the number that matters most is how hard that capital works. On the latest hook snapshot (21 Aug 2026), 75% of the shared inventory is actively deployed across the three pairs (hook inventory ~$297K, active ~$224K). On the two mature pairs, CRCLB and MUB, utilization is ~99% (98.96% / 98.95%). Capital that would sit idle in traditional V3 CLAMM pools is in range and quoting here.

In its first weeks (through 21 Aug), the three pairs traded ~$710K across 5,713 swaps — served from a shared inventory of ~$297K, earning LP fees at a 0.25% tier.

***Sources:** Internal Dune Dashboard*
**Live pools:** [CRCLB/USDT](https://pancakeswap.finance/liquidity/pool/bsc/0x311af0ed06dd701fddc4e7c6a74023dd0cf866ee9635788425fb0eff9c4c5d13) · [MUB/USDT](https://pancakeswap.finance/liquidity/pool/bsc/0x772906e0ff95e562c34151e17c03666d5623146389f53706aeb11d9570d93640) · [GMEB/USDT](https://pancakeswap.finance/liquidity/pool/bsc/0x852edfc1051132f9d42e045a7e2501e6f8510d36f8c8c13b24ff32bdad395ddb)

## Where this is headed

The model is built to scale — more pairs, one shared balance stretching across thousands of markets trading 24/7. It's the fastest path we've seen to putting a token's full pair lineup onchain without multiplying the capital behind it.

Live SIH pools sit on the [PancakeSwap Earn page](https://pancakeswap.finance/liquidity/pools?chain=bsc&type=1&network=56&network=1&network=8453&network=143&network=4663&network=42161&network=324&network=59144&network=204&network=8000001001) — open **Infinity** and look for **Shared Inventory** under pool features. SIH is currently enabled on CRCLB / USDT, MUB / USDT and GMEB / USDT.

![Screenshot 2026-08-18 at 7.25.01 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/437498c0f252d01496fa674bdf6682e6.png)

*Note: Retail LPs can already add liquidity to these pools from Earn — that deposit becomes resident pool liquidity, held separately from the shared inventory.*

***Important:*** 

*SIH is less exposed to price drift than a standard LP position because inventory is only put to work at the moment of a swap. It isn't risk-free. The operator still holds inventory that moves with the market. As with any onchain strategy, outcomes depend on volume, inventory, hedging, and market conditions.*

Ready to maximize capital efficiency? Get your token pairs SIH-enabled now → [t.me/leo0628](https://t.me/leo0628)

Or read more about SIH on [our docs page.](https://docs.pancakeswap.finance/trade/pancakeswap-infinity/hooks/shared-inventory-hook) 

Stack'em,
The Chefs 🥞

---

*Disclaimer: This content is for general information and educational purposes only. It should not be construed as financial, legal, or other professional advice. Digital asset prices can be volatile. The value of your investment may go down or up.*

The Shared Inventory Hook (SIH) is the newest hook on PancakeSwap Infinity — and the first built for capital efficiency

Introducing Shared Inventory Hook by PancakeSwap

*Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.*

We're kicking off PancakeSwap's Stock Terminal: Mystery Stocks. Solve 3 mystery stocks daily, swap or share, and win. Bonus clues on Telegram and Discord 👀

Work out what they are, enter, and you're in the draw.

## What is the PancakeSwap Stock Terminal?

The PancakeSwap Stock Terminal gives you direct access to 1,000+ tokenized stocks, ETFs and other real-world assets directly onchain - and provides you the best quotes across several top issuers so you get the best available price for each stock. Available for assets across multiple issuers include bStocks, Ondo, xStocks, Robinhood, and with availability across multiple chains - BNB Chain, Ethereum, Robinhood Chain, and Solana. 

Explore the Stock Terminal at https://pancakeswap.finance/stocks

## Campaign 

Clues drop daily for 3 Mystery Stocks Daily! 

Each day is a separate round. Entries for each day's stocks close at 11:00pm UTC that same day.

## How to Participate & Win

There are two separate reward pools: **Swap** and **Share**. You can enter one or both. Entering both gives you one entry in each pool.

### 🔁 Swap

To qualify for the Swap Pool random draw, complete a single swap of **$24 (±$1, slippage included)** of any one of that day's three mystery assets on the PancakeSwap Stock Terminal.

- Swap must be made through the **Stocks page** on the PancakeSwap site, aka the Stock Terminal page: https://pancakeswap.finance/stocks 
- Swaps via any issuer, any chain of the correct daily Mystery Stocks are eligible 
- The swap must be a **single transaction** to qualify as an entry. Multiple smaller swaps do not add up to the qualifying amount.
- The swap must take place between **8:00am UTC and 11:00pm UTC** on the same day the clue is published, to qualify as an entry. 

**Important note: only swaps made through the PancakeSwap Stock Terminal front end (Web or Mobile interface) are eligible.** Swaps made through external aggregators, contract interactions or other platforms will not count.

### 📣 Share

To qualify for the Share random draw, complete both of the following on X:

1. Quote-tweet the main campaign post with a screenshot of the Stock Terminal. The screenshot must clearly show the Stock Terminal. Quote-tweets of the individual clue posts do not count.
2. Comment your guess(es) and tag 2 friends in the replies of the main campaign post, daily. 

We will verify winners have completed both the QT and comment to be eligible. 

All actions must be completed by **11:00pm UTC** on the same day the clue is published to qualify. 

**Important note: "share" entries only count on X.** Bonus hints are published in PancakeSwap's official Telegram and Discord channels.

## Rewards

A total of **$2,400+** is up for grabs the first week! 

- **Swap:** 7 winners DAILY, $40 each  
- **Share:** 7 winners DAILY, $30 each  

All winners are drawn at random from the pool of valid entries for that day.

### Important Notes

- Participants can enter both the "Swap" and "Share" prize pools, and Swap any (or all 3) of the Mystery Stocks. 3 Swaps of 3 different Mystery Stocks count as 3 separate entries, 2 Swaps of 2 different Mystery Stocks count as 2 separate entries, and etc. 
- Each day is drawn separately. Not entering on one day does not affect your eligibility on any other day.
- "Swap" Prize Pool rewards are distributed automatically to the qualifying wallet address. No action is required from Swap Prize Pool winners.
- "Share" Prize Pool winners must DM us their wallet address by **26 August, 4:00pm UTC** to claim. This is a single deadline covering the first week of the campaign. Unclaimed rewards after this deadline are forfeited.

## Terms & Conditions

- Only swaps made on the PancakeSwap Stock Terminal Stocks page (Web or Mobile version) qualify for the Swap Pool. Swaps made through external aggregators, routers, or other platforms will not count towards this campaign.
- Qualifying swaps must be for one of the three mystery stocks published for that day. Swaps in any other stocks will not count towards any part of this campaign.
- A qualifying swap must be a single transaction of $24 (±$1, slippage included), i.e. any value between $23 and $25 USD, measured at the time of the swap. Multiple smaller swaps are not aggregated — e.g., two swaps of $12 do not qualify.
- "Share" entries must satisfy all three required actions. Incomplete entries, entries with unreadable or cropped screenshots, or entries that quote-tweet a post other than the main campaign post will be disqualified.
- PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw.
- In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the campaign.

Good luck 🕵️

Daily mystery stocks. $2,400+ in rewards this week. Everything you need to know about the Mystery Stocks.

Mystery Stocks: PancakeSwap Stock Terminal | $2,400+ in Rewards

*Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service.*

## **What is DAPPOS?**

DAPPOS builds low-barrier AI products that put powerful AI in everyone's hands, without the learning curve. Its flagship product, xBubble, is a low-prompt AI agent that turns simple requests into ready-to-use results. xBubble lowers the barrier by automatically coding, testing, and dispatching task-specific AI SOP solutions, so users can focus on their goals rather than manually coding skills or operating AI.

Learn more at [](https://grvt.io/)https://dappos.com/

## **Campaign Duration**

Start: Aug 11th, 8:00am UTC

End: Aug 25th, 8:00am UTC

**DOS Official Contract Address:** 0xB0f09ea9ae0515C3551080D4a745C8115aA30e37  

**Contract on BscScan:** 0xB0f09ea9ae0515C3551080D4a745C8115aA30e37  

## **How to Participate & Win**

**To qualify for the** **random draw**, trade at least $500 in DOS pairs on BNB Chain through the PancakeSwap site during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in DOS pairs.

**Important note: only trades made through the PancakeSwap Swap Page are eligible.**

### **Tiers & Rewards**

- Tier 1: Trade $500+ → 200 winners get 500 DOS = 100,000 DOS
- Tier 2: Trade $2,000+ → 100 winners get 1,000 DOS = 100,000 DOS
- Tier 3: Trade $5,000+ → 41 winners get 1,626 DOS = 66,666 DOS

**A total of 266,666 DOS is up for grabs!**

### **Important Note:**

Each wallet address can only win one prize across all three tiers.

- **Tier 3 Qualifiers:** If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don’t win the Tier 3 prize, your wallet will be considered for the Tier 2 draw. If you don’t win there, you will be considered for Tier 1.
- **Tier 2 Qualifiers:** If you qualify for Tier 2, but not Tier 3, your wallet will first be drawn for Tier 2. If you don’t win the Tier 2 prize, you will be considered for Tier 1.

### **Terms & Conditions**

- All qualifying trades must involve DOS tokens. Only trades in DOS trading pairs will be eligible. Trades in pairs that do not include DOS will not count toward any part of this campaign.
- Only trades made on the PancakeSwap Swap Page (Web or Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms will not count towards this campaign.
- Important: PancakeSwap reserves the right to disqualify any addresses suspected of unfair trading practices through the lens of the trading competition. This may include, but is not limited to: self-dealing, wash trading, false trading, and etc. A filter and analysis of trades that exhibit unusual behaviours to gain an advantage towards the ‘random draw’ will be conducted and excluded from the random draw.
- The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms will not count towards this campaign.
- Each wallet address can win a maximum of one reward.
- All the rewards will be distributed in DOS tokens within 2 weeks after the trading competition’s end date.
- PancakeSwap reserves the right to suspend, or postpone the trading competition.
- PancakeSwap reserves the right to disqualify entries that do not meet the eligibility requirements from the random draw.
- In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway.
- The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets.

Good luck, and may the best traders win! 🥞

Trade DOS on PancakeSwap for your chance to win from a 266,666 QUID prize pool. 

PancakeSwap x DOS Trading Competition | 266,666 DOS in Rewards 

👨‍🌾Minted:  674,316
🔥Burned: 1,944,441
**📉Net Mint: -1,270,125**
🔻% of total supply burned: -0.380%

🐰This marks the 35th consecutive month of CAKE total supply reduction, with a cumulative -57,221,657 net mint (current total supply – peak total supply).

## **July 2026: PancakeSwap's CAKE Burn**

Our July 2026 report explores the world of CAKE token supply management on PancakeSwap. Learn how PancakeSwap reduces the total supply of CAKE through strategic burns and the pursuit of ultrasound CAKE.

### **CAKE Total Supply Reduction:**

As of  Aug 3, 2026, PancakeSwap has successfully burned -0.380% of the CAKE total supply for July  2026. To calculate this percentage, we divided the total net mint of -1,270,125 CAKE by the initial total CAKE supply on  Aug 3rd, 2026. This marks the 35th consecutive month of CAKE total supply reduction, with a cumulative -57,221,657 CAKE  since September 2023.

### **Achieving CAKE Total Supply Reduction through Net Minting:**

In July 2026, PancakeSwap achieved a net mint of -1,270,125 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

### **July Mint Breakdown**

- Farms: 222,881
- Other Product Usage: 123,957
- Ecosystem Growth: 327,479
- Total July Mint: 674,316

*Please note that we have excluded CAKE mints that directly contribute to burning, calculating the mint based on raw CAKE/block emission (including emission changes over the months) for a precise monthly mint estimate.*

### **July Burn Categories**

- Core AMM: 1,831,435
- Side Products: 113,006
- Total June Burn: 1,944,441

*Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of July and stretching into* September *receive a proportionate allocation between the two months.*

July Cake Burn Report

July was the month tokenized assets went vertical. PancakeSwap crossed $1 billion in tokenized real-world asset volume, went live on Robinhood Chain, put SK Hynix and the entire AI supply chain onchain, and passed $4 trillion in cumulative volume on BNB Chain.

## **🍰 July CAKE Burn Recap**

In July 2026, PancakeSwap achieved a net mint of -1,270,125 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month. This marks the 35th consecutive month of CAKE total supply reduction and continued deflationary momentum.

More than -57,221,657 CAKE has now been permanently burned since September 2023, reinforcing a healthier, more sustainable token economy powered by real usage across PancakeSwap’s products. This consistency highlights the protocol’s maturity and our long-term approach to emissions and value creation.

Track every burn in real time on the [Burn Dashboard](https://pancakeswap.finance/burn-dashboard).

## **🥞 Product Updates**

**Tokenized assets crossed $1 billion in volume, and they are still accelerating.** In July, more than $1B in total volume traded across tokenized stocks, ETFs, bonds and more on PancakeSwap, up from $50M just a month earlier. In the final week of the month alone, over $575M traded across the industry's leading tokenized-asset issuers.

**bStocks expanded across the whole market.** bStocks, Binance's 1:1-backed tokenized U.S. stocks kept landing on PancakeSwap throughout July, with 40+ new names added across weekly batches, including the AI-era leaders (TSMC, Broadcom, Arm, Marvell, CoreWeave, Oracle, Quantinuum) and the biggest blue chips (Apple, Amazon, Alphabet, Coinbase, Goldman Sachs, PayPal, Dell). All trade fully onchain on BNB Chain, 24/7.

**PancakeSwap went live on Robinhood Chain.** PancakeSwap AMM v2 and v3 are now deployed on Robinhood Chain, the L2 built for tokenized real-world assets, letting users swap, add liquidity and earn with zero gas and built-in MEV protection. PancakeSwap X also went live on Robinhood Chain, routing trades across 90+ tokenized assets to the best available price with better quotes and built-in MEV protection.

**The Tokenized Stock Terminal now finds the best price automatically.** PancakeSwap's Stock Terminal scans quotes and liquidity across the top tokenized-asset issuers and chains, so every trade routes to the best available quote. With 1,000+ tokenized stocks now on the platform, the terminal makes onchain equity trading as simple as a single search.

**Decentralized Token Funds (DTFs) arrived on PancakeSwap.** Built with Reserve Protocol, DTFs are single tokens that hold a basket of tokenized stocks and trade 24/7. The first five DTFs put the entire AI supply chain onchain, from photonics to robotics, exposure that traditional finance simply does not package this way.

**AI trading agents came to PancakeSwap V3, built with BNB Agent Studio.** Any builder can describe a strategy in plain English and get an autonomous agent that runs it around the clock, rebalancing ranges and routing to the best yield while you sleep. Prompt in, agent out, with no manual setup. PancakeSwap also open-sourced a reference agent for ERC-8183 settlement, so developers can clone it and start building. Check out the reference agent.

## **🌐 Ecosystem**

**SK Hynix, the memory maker behind the AI boom, went onchain.** The company that supplies much of NVIDIA's AI memory became tradable on PancakeSwap through three issuers at once: as SKHYon via Ondo Finance, as SKHYx via xStocks, and as SKHYB via Binance bStocks, live across BNB Chain and Ethereum, trading with zero gas and no closing bell.

**Ondo Finance brought more stocks to 24/7/365 trading.** Successive batches of Ondo tokenized stocks and ETFs, including Micron, SpaceX, SanDisk, Marvell, Intel, AMD, TSMC, Apple, Corning, Meta and Microsoft, now trade around the clock on BNB Chain and Ethereum, weekends and holidays included.

**Tokenized Revolut came to PancakeSwap.** Pre-IPO price exposure to Revolut went live as CREV with Colb Finance on BNB Chain, extending onchain access to one of fintech's biggest private names from day one. Two new Colb Syrup Pools launched alongside it, bridging DeFi and institutional finance.

**Incentivized bStocks farms on BNB Chain.** The SKHYB-USDT and SPCXB-USDT farms let holders of tokenized SK Hynix and SpaceX stack CAKE and Merkl rewards on top of trading fees, equity exposure that earns while you hold it.

**PancakeSwap passed $4 trillion in cumulative volume on BNB Chain.** Four trillion dollars has now traded through PancakeSwap on BNB Chain across crypto, tokenized stocks, ETFs and more, a milestone that underlines its position as one of the deepest liquidity venues in DeFi.

**The incentivized SOL farms are still earning.** SOL-USDC, SOL-cbBTC and SOL-JitoSOL on Base keep paying out USDC incentives, powered by Gauntlet, Jito and Merkl. There are two ways to earn: provide liquidity directly on PancakeSwap, or deposit on Beefy to auto-compound the rewards. Add liquidity and start earning.

**XRP came to DeFi on PancakeSwap.** Clearstar Labs brought the cbXRP/FXRP pool live, letting liquidity providers earn trading fees plus extra USDC incentives via Merkl. Alongside it, two incentivized XRP pools launched with Flare Network, the L1 bringing XRP into DeFi: cbXRP-FXRP on Base and XRP-FXRP on BNB Chain. Put your XRP to work.

**PancakeSwap now powers tokenized stocks on AlloX.** AlloX went live with 36 tokenized U.S. stocks and ETFs, powered by PancakeSwap liquidity on BNB Chain. Trades settle onchain 24/7 with institutional-grade pricing via RFQ market makers, no broker and no account required, crypto and stocks in one portfolio.

**$GRVT trading competition kicked off.** 333,333 GRVT went up for grabs: trade $500 or more in GRVT on PancakeSwap to enter the lucky draw, with 341 winners over 14 days. The campaign runs through August 13.

**A new FOLKS pool went live on Arbitrum.** The FOLKS/USDC pair is now trading on PancakeSwap with deep, efficient liquidity from Folks Finance, powered by Arrakis Finance.

## **🌍 Community**

**PancakeSwap fired up the griddle at Malaysia Blockchain Week.** PancakeSwap showed up at MYBW26 in Kuala Lumpur on July 29 and 30, on the ground in the Base APAC pavilion connecting with builders and traders from across the region, showing what's shipping on PancakeSwap and where onchain finance is heading.

**A community meetup brought the ecosystem together.** On July 29, PancakeSwap hosted a dedicated meetup at the CCACC Innovation Hub with live demos, a quiz, and a fireside chat, meeting with some of the industry's top builders and partners to trade notes on tokenized assets, liquidity, and the future of onchain trading. Terima kasih, Kuala Lumpur.

Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.

Stack'em, The Chefs 🥞

Kitchen Report: July 2026

Tokenized real world assets crossed ~**$30B onchain** this month, and the fastest moving corner is tokenized stocks: real US equities you can trade from a wallet, anywhere in the world, any time. No brokerage account, no market hours. 

And a leading onchain venue to trade them? Hint: You're already here. 

---

## 🌐 What Are RWAs?

Real world assets (RWAs) are traditional financial assets - stocks, bonds, U.S. Treasuries, ETFs, commodities - issued as tokens on a blockchain, typically **backed 1:1** by the real asset held with a custodian.The asset stays real; only the wrapper changes. That wrapper is the focus: it moves assets that normally live behind brokers, banks, and business hours onto open rails where anyone can hold, transfer, and trade them onchain.

Here's the full menu at PancakeSwap across BNB Chain, Ethereum, Robinhood Chain, and Solana:

| RWA Category | What It Is | Issuers | Examples |
| --- | --- | --- | --- |
| **Tokenized stocks** | Real U.S. equities, onchain - deep dive below | bStocks, Ondo, xStocks, Robinhood | TSLAB, NVDAB, CRCLB |
| **Tokenized ETFs** | Onchain exposure to index and sector funds | Ondo, xStocks | S&P 500 ETF |
| **Tokenized bonds & Treasuries** | U.S. government debt exposure, onchain | Ondo Global Markets | TMUSon, USOon |
| **Tokenized gold** | Commodity exposure, onchain | Tether Gold | XAUT |

*(Full asset lists live with each issuer)*

## Tokenized Stocks in 60 Seconds

A tokenized stock is a token **backed by or tracking a real share** - in most cases held 1:1 with a licensed custodian, so one tokenized Tesla means one real Tesla share in reserve. On BNB Chain they're standard BEP-20 tokens - self-custodied, freely transferable, and composable across DeFi - and you can trade them on PancakeSwap across Ethereum, Solana, and Robinhood Chain too.

**Why they exist:** traditional stock investing is gated by geography - paperwork, minimums and FX fees. Tokenized stocks make that access borderless. A wallet and some stablecoins is the entire onboarding.

**How they get their price:** two mechanisms keep tokens glued to the real stock. Mint / redeem arbitrage against the underlying reserves anchors the peg, while Chainlink's tokenized equity feeds aggregate prices from multiple premium data providers into a tamper-resistant onchain reference — corporate actions like splits and dividends included. Backing is verifiable too: check Binance's Proof of Collateral, xStocks, and Ondo's docs.

---

## 🥞 PancakeSwap’s Tokenized Stocks Terminal: Four Issuers, One Venue

PancakeSwap's **Tokenized Stocks Terminal** is the single onchain venue where every major tokenized stock issuer lives side by side - **1000+ assets** across four issuers, with more listing regularly:

- **bStocks:** the flagship of the menu. 4**0+ tokenized U.S. securities** issued via Binance and **backed 1:1 by real shares you can verify yourself, any time**, on the live Proof of Collateral page 
Best of all: **you keep earning dividends** on the underlying stock, collected directly in your token balance - the only issuer on the menu that offers this.
- **Ondo:** **400+ tokenized U.S. stocks, ETFs, and bonds** (AAPLon, AMZNon, TSLAon).
- **xStocks:** **500+ tokenized equities and ETFs** powered by Backed, including the S&P 500 ETF, tradeable from just **$10**.
- **Robinhood:** **90+ Stock Tokens** linked to companies and ETFs including Nvidia, Google, Apple, and the Invesco QQQ, live on **Robinhood Chain** and tradeable through PancakeSwap **24/7** across 120+ countries.

## Trade on PancakeSwap: One Stop Shop for RWAs

This is the real edge:

- **Gasless trading** - trades executed through PancakeSwapX cost you nothing in gas.
- **Better pricing by design** - orders are filled through open competition between market makers, so you get the best quote, not the only quote.
- **Built for a crosschain future** - PancakeSwapX is an intent-based solution, meaning your RWA trades won't stay boxed into one chain long term.
- **The widest issuer menu** - bStocks, Ondo, xStocks and Robinhood side by side, plus Colb for pre-IPO exposure, all in one venue.
- **A true terminal, not just a swap page** - real stock market data, onchain data and company fundamentals in one view, so you can research before you trade, with issuer comparison now live.
- Near instant settlement instead of T+1.
- Full self custody - tokens sit in your wallet, not a broker's ledger.
- Composability - your tokenized stocks are DeFi building blocks - with bStocks, earning dividends the whole time.

Tokenized asset volume on PancakeSwap has already crossed **$1B cumulative,** and it's still early.

## How to Use PancakeSwap’s Tokenized Stock Terminal

1. **Open the Terminal.** Go to https://pancakeswap.finance/stocks or click **"Stocks"** in the navigation bar.

![new one 1 .png](https://sgp1.digitaloceanspaces.com/strapi.space/1e5eb2cfcc3588cdc68f3e9ccb5aba40.png)

1. **Browse the market.** Live prices and charts for every listed asset. Filter by issuer: **bStocks**, **Ondo**, **xStocks or Robinhood** — using the category selector under the search bar, or search a ticker directly. When you search a ticker directly, you can see price options by multiple issuers in the swap interface. Select one offering the best price.

![new one 2.png](https://sgp1.digitaloceanspaces.com/strapi.space/8cb4f79e6f8b4fc15297234ae90e1b0f.png)

![new 1 3.png](https://sgp1.digitaloceanspaces.com/strapi.space/1270f0996402be89639f0b8ad3022d97.png)

1. **Connect your wallet.** Any BNB Chain-compatible wallet works; hold USDT or USDC to trade with.

![wallet connect.png](https://sgp1.digitaloceanspaces.com/strapi.space/4137369ad1c2eddb54255cc268dfc802.png)

1. **Swap.** Pick your stock, enter the amount, confirm. Settlement lands in seconds, tokens go straight to your wallet. 

![Screenshot 2026-07-15 at 12.13.40 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/17c47f633bc6983d1fbd1479a31ff2ac.png)

![Screenshot 2026-07-15 at 12.13.48 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/92956ae577663ca56ce45fbac0be19f7.png)

![Screenshot 2026-07-15 at 12.14.10 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/874f13d6357fa8b6b2901eed98c4751a.png)

1. Check under ‘My Positions’ to see your holdings.

![Screenshot 2026-07-15 at 12.14.51 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/926c56239b3e6453bcf50813f8b961f3.png)

You can now hold, trade anytime, or deploy across DeFi as integrations expand.

And the menu never stops growing. 

Fresh out of the Kitchen on bStocks: 
**TSMC (TSMB), Broadcom (AVGOB), Nokia (NOKB), IBM (IBMB), Alibaba ($BABAB), Rocket Lab (RKLBB) and more** are some of the most recent additions with fresh bstocks landing regularly. Keep an eye on the Terminal; your next favorite stock might already be there.

Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.

Stack'em,
The Chefs 🥞

---

*Disclaimer: Tokenized stocks are not available in all regions and are subject to issuer eligibility requirements (see PancakeSwap region list). Trading involves risk, including possible loss of value. Nothing here is financial, investment, or legal advice, do your own research.*

PancakeSwap is your go to venue for RWAs - trade tokenized stocks, ETFs, bonds & gold onchain.

PancakeSwap: Your Go To Venue to Trade RWAs 

The first half of 2026 was about building and shipping. We brought real-world assets (RWAs) onchain at scale, put AI into the DeFi experience, launched a brand-new Perpetuals with an orderbook engine, and kept CAKE deflationary for a 34th consecutive month.

This mid-year Kitchen Report: PancakeSwap crossed **$4.2 trillion in cumulative trading volume**, surpassed **190 million all-time users**, and landed at **#6 on Fortune's inaugural Crypto 100**, while becoming one of the largest onchain venues for real-world assets anywhere.

Let's get into it.

## Tokenized Real-World Assets on PancakeSwap

We've now built a Tokenized Stock Terminal — stocks, ETFs, bonds, gold, dividend-bearing stablecoins, and even pre-IPO exposure — trading around the clock, with zero trading fees, MEV protection, and best-execution routing. Our new Stock page lets you trade all 500+ tokenized assets 24/7 onchain in one place, while serving up the fundamentals of each underlying asset — revenue, EPS, market cap, next earnings and 52-week range.

### bStocks

bStocks, from Binance, are 1:1-backed tokenized U.S. securities — real shares held in custody, tradable onchain 24/7 with zero fees. They went live on PancakeSwap, on BNB Chain and have grown to 35+ assets, including NVIDIA, Tesla, Circle, Microsoft and Meta, each verifiable 1:1. And they don't just trade — they earn: the SPCXB–USDT farm lets you add liquidity and stack rewards on top of your tokenized-SpaceX exposure.

### Ondo

Ondo Finance anchors the catalogue with 440+ tokenized U.S. stocks, ETFs and bonds via Ondo Global Markets. Flagship names like SPYon (S&P 500), QQQon (Nasdaq 100), NVDAon and TSLAon trade 24/7 — weekends and holidays included.

### xStocks

xStocks widens the menu with 130+ tokenized stocks and ETFs — from blue chips to major ETFs. All trade across BNB Chain and Ethereum, gasless and MEV-protected through PancakeSwap X.

### Robinhood

Robinhood stock tokens round out the lineup, live on Robinhood Chain. 95 tokenized assets are now tradable onchain through PancakeSwap, bringing one of TradFi's most recognizable retail brands into the mix.

### More Than Stocks

Beyond equities: gold went onchain via XGLD–XAUt (BNB Chain, with Unitas Labs) and USDC–XGLD (Base); dividend-bearing stablecoins apxUSD and apyUSD — the first backed by Digital Asset Treasury preferred equity, via Apyx, launched on Base; and pre-IPO exposure went live via Colb.

### Powered by PancakeSwap X

PancakeSwap X is the engine under the RWA offerings — gasless, MEV-protected execution with best-price routing. It powers tokenized assets across BNB Chain and Ethereum, and to date has handled $834M+ in volume across 102,000+ trades from 33,500+ swappers.

Altogether, tokenized assets, spanning bStocks, Ondo, xStocks and Robinhood across PancakeSwap X and the AMM, crossed $100M+ in cumulative volume by mid-year, with 31,000+ users and 200,000+ trades.

## The AI Kitchen: Agents, Skills & Copilots

We put AI across the PancakeSwap ecosystem with rails for autonomous agents, and an assistant in the products where decisions get made.

**AI Skills:** a modular toolkit that lets AI agents plan DeFi strategies across multiple chains, including Swap, Liquidity and Farming Planners at launch, grown to seven Skills. It works with any LLM agent that reads Markdown, including Claude, Cursor and Copilot.

**BNB Agent Studio:** PancakeSwap is a launch partner in BNB Chain's Agent Studio, which lets anyone deploy an autonomous onchain agent in minutes, with PancakeSwap as the deep, live venue those agents trade on.

**AI where you trade:** Chef AI answers anything across the ecosystem, and an AI Copilot on Perps reads the market and pre-fills your direction, size and stops.

## A Brand-New Perpetuals Engine

We rebuilt PancakeSwap Perps — simple enough for a first trade, powerful enough for your best one. Powered by Aster's order-book infrastructure, the new Perps deliver pro-grade execution with a full order book, up to 200x leverage, and one-tap trades in Simple Mode (it’s a piece of cake), all fully onchain and non-custodial. An AI Copilot makes it smarter still, and a new Portfolio page tracks tokens, Perps positions, and LP history in one view.

## PancakeSwap on Base

On Base, PancakeSwap has become a default venue for traders and LPs.

The DEX mini-app went live inside the Base App — swap, earn and explore without leaving the experience, with the Base CAKE.PAD mini-app alongside it, meeting millions of users where they already are.

Base on PancakeSwap crossed $100B in cumulative volume and now sits at $113B+, across 3.7M+ traders and 185M+ transactions, powered by top-volume pairs like cbBTC–WETH, WETH–USDC and cbBTC–USDC.

## The Deflation Engine: CAKE Tokenomics

The first half of 2026 extended PancakeSwap's streak to **34 consecutive months of net supply reduction** (every month since September 2023) with cumulative burns now past **56 million CAKE**. CAKE's total supply now stands at **335M**, well below the 400M hard cap.

You can track every burn live on the Burn Dashboard.

## Milestones & Recognition

- **$4.2 trillion in cumulative trading volume** across the ecosystem — 190M+ users and 10+ chains, led by BNB Chain, Base, and Arbitrum.
- **$4 trillion on BNB Chain** — cementing it as PancakeSwap's anchor chain and one of the most-used DeFi venues globally.
- **Base crossed $100B** — with 3.7M+ traders and 185M+ transactions.
- PancakeSwap Infinity crossed $100 billion in cumulative volume and marked its first full year with 350M+ transactions, 60K+ hooked pools
- **#6 on Fortune's inaugural Crypto 100** — among the highest-ranked DeFi names, with Fortune noting PancakeSwap's significant share of the DEX market in 2025.
- CAKE added to Binance Proof of Reserves — letting anyone verify 1:1 backing of user assets.

## Community

PancakeSwap took DeFi offline with five meetups across five markets, 600+ attendees, 1,300+ sign-ups:

→ Ho Chi Minh City: with @base_vietnam — DeFi builders, IRL.

→ São Paulo: with @SuperteamBR, @ParaBuilders & @Tangem — talks, giveaways, & merch.

→ Hong Kong: we turned a real pancake house into the @cnBaseCommunity embassy — plus a booth at the @BNBCHAIN Super Meetup and the HK Web3 Festival floor. Five days, thousands of people.

→ Seoul: South Korea's first @base Agent Hackathon, built on PancakeSwap AI Skills and Chef Philip judging.

→ Jakarta: with @baseindo — crypto × AI on Base, DeFi, and goodies.

→ Bandung: a packed house with @BinanceAcademy Indonesia — DeFi sessions, merch, USDT prizes.

New ambassadors joined from Japan and South Korea, Philippines, Malaysia and Thailand, and 3 new Telegram communities launched for Malaysia, the Philippines and Thailand. PancakeSwap also hit the stage at Consensus Hong Kong and the HK Web3 Festival.

## What's Cooking Next

PancakeSwap is now set to be the liquidity hub for onchain trading. The deep, reliable hub where any asset can be traded onchain, and where liquidity is dense enough that traders get the best price in DeFi.

The throughline is that all of it stays onchain: self-custodied, transparent, and permissionless. Deeper liquidity, more assets, smarter tools, one onchain home for trading.

**The job's not done. The DeFi mission continues.**

*Stack'em,*

The Chefs 🥞

Six Months of Shipping: RWAs, AI, and a Deflation Engine 

PancakeSwap Mid-Year Recap 2026

Our June 2026 report explores the world of CAKE token supply management on PancakeSwap. Learn how PancakeSwap reduces the total supply of CAKE through strategic burns and the pursuit of ultrasound CAKE.

**CAKE Total Supply Reduction:**

As of July 6, 2026, PancakeSwap has successfully burned -0.521% of the CAKE total supply for June  2026. To calculate this percentage, we divided the total net mint of -1,749,587 CAKE by the initial total CAKE supply on July 6th, 2026. This marks the 34th consecutive month of CAKE total supply reduction, with a cumulative -52,795,610 CAKE since September 2023.

**Achieving CAKE Total Supply Reduction through Net Minting:**

In June 2026, PancakeSwap achieved a net mint of -1,749,587 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

**June Mint Breakdown**

- Farms: 236,919
- Other Product Usage: 119,961
- Ecosystem Growth: 295,684
- Total June Mint: 652,564

*Please note that we have excluded CAKE mints that directly contribute to burning, calculating the mint based on raw CAKE/block emission (including emission changes over the months) for a precise monthly mint estimate.*

**June Burn Categories**

- Swaps and Perpetual Trading Fees: 2,164,502
- Prediction: 119,516
- Lottery, NFT Market, Profile & Factory, CAKE Domain, CAKE Pad: 118,133
- Total June Burn: 2,402,150

*Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of July and stretching into* September *receive a proportionate allocation between the two months.*

June CAKE Burn Report

Moving from a centralized exchange (CEX) to a decentralized exchange (DEX) doesn’t need to feel complicated. This guide is the quick version: get a wallet, add funds, connect to PancakeSwap, and make your first onchain swap with ease.

If you already know how to buy, sell, and withdraw on a centralized exchange (CEX), you're closer to using PancakeSwap than you think. The whole move comes down to four steps: get a wallet, send your funds over, connect, and swap. This guide walks through each one, plus what's worth knowing before you start.

---

**Why Bother Moving at All**

On a CEX, the exchange holds your crypto for you. That's simple, but it also means you're trusting someone else to hold your funds, follow your withdrawal request, and more.

On PancakeSwap, a DEX, you hold your own funds in your own wallet. You connect your wallet directly and trade, earn, or explore new tokens with nothing in between you and the chain. This is self-custody: you hold the keys, you hold the funds, and you hold the responsibility that comes with that.

**Step 1: Set up a self custody wallet**

Install a trusted wallet, create or import your wallet, and store your recovery phrase somewhere secure. PancakeSwap currently supports all the industry-leading wallets, includingMetaMask, Trust Wallet, Binance Wallet, Coinbase Wallet, OKX Wallet, and more so you can use what you already have or grab a new one in a couple of taps.

Your wallet is what you’ll use to hold funds and connect to PancakeSwap.

**Step 2: Move funds from your CEX**

Go to your exchange's Withdraw page, paste your wallet address, and **select the matching network** (e.g. BNB Smart Chain / BEP-20). Start with a small test transfer if you're new to moving funds onchain. Withdrawals usually land within a few minutes once the network confirms.

*Always double check the network and the first few characters of your address before sending. Onchain transfers can't be reversed.*

**Step 3: Connect to PancakeSwap**

**Head to**  PancakeSwap (pancakeswap.finance), connect your wallet, and choose the network where your funds arrived. Once connected, you can swap tokens directly from your wallet - no account, no sign-up, no waiting

**Step 4: Explore DeFi at your own pace**

**Once you're set up, there's a lot more than swapping on offer at PancakeSwap**

- **Swap** thousands of tokens directly onchain, with MEV protection available to guard your trades
- **Earn** by staking CAKE or providing liquidity to earn a share of trading fees and extra incentives
- **Explore** the wider menu - perpetuals, tokenized equities and new launches on CAKE.PAD

#### **A few habits worth keeping**

Self-custody puts you in control, and it's worth protecting that control with a few simple habits: never share your recovery phrase with anyone, reach PancakeSwap through the official address, or a saved a bookmark, or by typing the URL yourself rather than clicking links from DMs or ads, and test new addresses or apps with a small amount before committing more.

A note for EU users: Under the EU’s MiCA framework, some centralized platforms are adjusting or pausing certain services for users in the region. As a non-custodial DEX, PancakeSwap lets you keep trading onchain from your own wallet — no regional account needed. The steps above work the same wherever you are.

*This guide is for educational purposes only and is not financial advice. Onchain activity carries risk, always do your own research. You are responsible for verifying every link, address, and contract you interact with.* 

Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.

Stack'em,

The Chefs 🥞