I was just thinking whether the BNB Chain is going to cool down again, 😅
After all, $CAKE is the most direct currency reflecting the popularity of BNB Chain, but it dropped from 2.8 to 2.3 today.
I also took another look at CZ's change of profile picture and the direct concept Meme #mubarak #Mubarakah, both of which have halved from today's peak.
I saw a comment from @CZ suggesting that CAKE should be directly burned, and I actually support that.
After all, the veToken model relies too much on building an ecosystem, and the current DeFi status or overall status of BNB Chain is not very good; many of the protocols that used to revolve around CAKE have also pretty much disappeared.
Activating DEX/CAKE is also a way to activate BNB Chain, and CAKE itself still has decent revenue; a chain must always have a leader.
After all, $CAKE is the most direct currency reflecting the popularity of BNB Chain, but it dropped from 2.8 to 2.3 today.
I also took another look at CZ's change of profile picture and the direct concept Meme #mubarak #Mubarakah, both of which have halved from today's peak.
I saw a comment from @CZ suggesting that CAKE should be directly burned, and I actually support that.
After all, the veToken model relies too much on building an ecosystem, and the current DeFi status or overall status of BNB Chain is not very good; many of the protocols that used to revolve around CAKE have also pretty much disappeared.
Activating DEX/CAKE is also a way to activate BNB Chain, and CAKE itself still has decent revenue; a chain must always have a leader.