Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => PancakeSwap => Topic started by: EAA-ALLAH on February 16, 2021, 08:01:05 PM
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Pancakeswap, a decentralized exchange (DEX) built on Binance Smart Chain, saw $400 million in trading volume yesterday and briefly became the world’s second-largest DEX service by trading volume, data from markets service CoinGecko shows.
The project was earlier written off by market pundits but has since emerged as an underdog growth story, with over $1.7 billion worth of various cryptocurrencies locked in the DEX.
Source:information (https://cryptonews.net/469944/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Currently PancakeSwap is the largest DEX in the world after surpassing UniSwap. Causes come from:
+ The development of the Binance Smart Chain ecosystem, many projects have been built on BSC;
+ Transaction cost on Pancake is cheaper than Uni, because BSC's speed is higher than Ethereum;
+ Users want to seek new opportunities with DeFi on BSC.
I have not used Pancake yet, but if Uni's transaction fees continue to reach above $100, I will probably be forced to transfer my investment to BSC.
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Yes brother. you are saying totally right that pancakeswap is now become the most popular DEX exchange in the crypto world. Because of its user friendly interface and low fees attracts the users. Cake coin is the native token of pancake swap DEX exchange. We can also earns money through different methods on pancakeswap.
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Pancakeswap is one of the most popular decks today. Currently trading at Pancakeswap is growing a lot. Because of the extra gas fee, users refrain from other platforms. Such as Uniswap. Uniswap gas fee is much higher. So merchants are most comfortable using Pancakeswap.