📍It feels like out of 10 posts in the newsfeed, 7 are shilling #CAKE with the idea of "the DeFi star trading below its valuation."
📍Recent data on Dune for CAKE:
- 30-day revenue: $102.7M — yes, leading the industry, even more than Hyperliquid ($84.9M).
- 24h volume: $3.6B, only lower than Uniswap ($4B) – but the market cap is only 1/3 of UNI.
- Burn mechanism: 40% of transaction fees are burned -> $CAKE still maintains a true deflationary model.
📌If saying $CAKE is trading below its valuation, I don't think that's wrong, but looking back at the current data and comparing it to a few months ago, this number hasn't spiked dramatically.
📌The TVL and volume of PancakeSwap are stable, but there hasn't been a clear breakout since BUSD was banned.
📌CZ is currently shining the spotlight on $ASTER while Pancake is kept in the role of cash cow, maintaining cash flow and the yield ecosystem.
-> CAKE is a good asset, undervalued, with real yield.
But if someone claims this is a new growth cycle, it might be a bit sentimental. Or has the "BNB season" made everyone more optimistic?
If you guys compare that the increase in BNB price could pull the CAKE price up, then you guys look at the current price of JUP.
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