The amount of deflation in the last four weeks has been pretty good.
3.25: 115.6k CAKES
3.18: 120.4k CAKE
3.11: 142.2k CAKE
3.04: 103.2k CAKE

Deflation for 6 consecutive months since September
Cumulative deflation: 1.372M (0.36% of the total)

Mini-deflation in September 23.6k CAKE
Deflation in October 337.1k CAKE
Deflation in November 352.0k CAKE
Deflation in December 385.8k CAKE
Deflation in January 178.5k CAKE
Deflation in February 95k CAKE

Deflation this week 115.6k CAKE

The meaning of deflation:
1) If the official repurchase volume + the user buying volume is greater than the user selling volume, the currency price will rise.

Deflation is caused by buybacks.

2) When deflation occurs, less cake can be sold to the market.

This week’s destruction report (March 25)

This week’s destruction of revenue from the platform: 122k + 197k + 1.2k + 45k + 22k + 0.6k + 2k = 389.8k

Additional issuance amount this week: 1.36 (number comes from the official website) x 28800 x 7 days = 274.2k

In other words, if the weekly platform revenue contribution exceeds 274.2k, the total amount will begin to shrink.

Net issuance this week: 274.2k - 389.8k = deflation 115.6k

Repurchase volume this week:
Destruction + Dividend = 389.8k + 14.4k = 404.2k

According to mathematical principles, as long as the sales volume is less than the repurchase volume this week, the price will rise.

The hard cap has been determined at 450 million through community voting.
It is difficult for the current net issuance to reach a total of 400 million. 400 million is most likely a number that will never be reached.

Total data after destruction on Monday
Total volume on March 25: 384.704 million
Total volume on March 18: 384.912 million
Total on March 11: 385.173 million
Total on March 4: 385.395 million
Total on February 26: 385.594 million
Total on February 19: 385.748 million
Total volume on February 5: 385.688 million
Total amount on January 29: 385.76 billion
Total volume on January 22: 385.749 million
Total volume on January 15: 385.771 million
Total volume on January 8: 385.846 million
Total volume on January 1: 385.975 million
Total volume on December 25: 386.193 million
Total volume on December 18: 386.271 million
Total volume on December 11: 386.456 million
Total volume on December 4: 386.562 million
Total volume on November 27: 386.74 billion
Total volume on November 20: 386.857 million
Total volume on November 13: 387.072 million
Total volume on November 6: 387.464 million
Total volume on October 30: 387.721 million
Total volume on October 23: 387.913 million
Total amount on October 16: 387.985 million
Total volume on October 9: 388.039 million
Total volume on October 2: 388.177 million