After the CAKE callback stabilizes, it can still be purchased

Cake is the leading DEX on BSC, and it is closely tied to the BNB ecosystem. BNB has recently been working on the Megadrop, and the market reaction has been quite good.

Cake has risen from $1.4 to $2.8, indeed experiencing a strong short-term increase, which may come with some correction risks. However, during its peak in March 2024, the TVL was $2.4B, and now it is $1.9B, so this fluctuation is within a normal range.

Moreover, the development team has been quite active, with an average of about 200 development submissions per day this year, which is significantly more active than in 2023. The overall TVL on the BSC chain has also been decreasing recently, and Cake's trend is basically consistent, indicating that it doesn't have any additional issues and overall remains stable.

In simple terms, Cake currently doesn't have any major problems; the ecosystem is relatively healthy, and the income is not bad. It has risen quite a bit in the short term, and chasing high prices carries some risk, but if the market warms up later, it should still have room to grow. #美联储3月利率决议