PancakeSwap community cuts CAKE max supply from 450M to 400M after 2026 vote

On 19 January 2026, PancakeSwap's community approved a proposal to lower CAKE's maximum supply from 450 million to 400 million tokens, following a vote held from 16 to 19 January. The change does not affect the current circulating supply of about 334 million CAKE but removes 50 million tokens from potential future issuance, reinforcing the protocol's deflationary tokenomics.