Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Toxa1917 on February 21, 2021, 08:50:43 AM
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PancakeSwap surpasses Uniswap in trading volume
$ 1 508 688 258 vs $ 1,351 927 221
and took 1st place in the overall rating
PancakeSwap trades for BNB and commissions are very low - a few cents, unlike Uniswap
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Best AMM for ethereum blockchain is Uniswap and pancakeswap is best for BSC (Binance Smart Chain) blockchain. Pancakeswap is just the rival of Uniswap , but it's on the different blockchain with more features like collectivites, Burn Mechanism, Lottery system etc. Sooner or later, pancakeswap will break every records on the AMM sector.
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Pancakeswap is totally integrated to BSC. I think that is the most interesting part why Cake overtake Uniswap trading volume. For me cake will increase further in the coming days due to it's low supply and high demand in crypto easy swap in lowest fee.
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To strengthen PancakeSwap position on the market and get more popularity and clients, next their move would be distributing airdrop for PancakeSwap users. I know that it is now new, but after that more and more users would use it rather than Uniswap or 1inch for example.
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a lot of people have moved from the ethereum platform to the binance smar chain platform because the fees are very different, many coins are being scaled up in price directly because of the pump from whales
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PancakeSwap surpasses Uniswap in trading volume
$ 1 508 688 258 vs $ 1,351 927 221
and took 1st place in the overall rating
PancakeSwap trades for BNB and commissions are very low - a few cents, unlike Uniswap
It will come a time when Uniswap will no longer have this attention it deserves because Ethereum isn't taking retailers and Small investors along.
Now that Binance Smart Chain has done what they couldn't do, people are going towards their chain despite when some spoilers tried to warn that BSc is centralized.
Centralised but doing fine, I'm fully okay with it.
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PancakeSwap surpasses Uniswap in trading volume
$ 1 508 688 258 vs $ 1,351 927 221
and took 1st place in the overall rating
PancakeSwap trades for BNB and commissions are very low - a few cents, unlike Uniswap
That's right, this happens because the BSC Network is still new and there are few projects there but has a good price, now I also see a lot of IDOs running on exchanges similar to the BSC network.
ethereum has had few issues with shipping costs, which is why the BSC network is currently the choice
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Yes, I like PancakeSwap too. Because there are low commissions. I practically don't use Uniswap anymore, but I think they will fix this problem with a high commission soon.
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PancakeSwap surpasses Uniswap in trading volume
$ 1 508 688 258 vs $ 1,351 927 221
and took 1st place in the overall rating
PancakeSwap trades for BNB and commissions are very low - a few cents, unlike Uniswap
This proves to us 2 things; that the binance smart chain is massive and the pancakeswap is the best dex for the binance smart chain; and this also explains why the uniswap dex will never cross chain to binance smart chain; because doing that would mean sacrificing all power to binance and the binance smart chain
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I think Pancakeswap overtake Uniswap because Cake is totally a Smart Chain not like Uni. People now are turning their back to Smart Chain due to lowest fees and popularity. Smart Chain is knocking to every project to migrate and experience the massive growth and potential to increase the price.
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I think Pancakeswap overtake Uniswap because Cake is totally a Smart Chain not like Uni. People now are turning their back to Smart Chain due to lowest fees and popularity. Smart Chain is knocking to every project to migrate and experience the massive growth and potential to increase the price.
Many in the cryptocurrency market seem incredible, but quite understandable, Because if you take into account the attention to uniswap, then many cryptocurrency users are apprehensive and misunderstood about this resource due to high commissions, but at the same time, most developers prefer erc20, even though higher transaction prices than using the Binance blockchain, except for those who dream of listing on this exchange.
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Uniswap is the most popular. I think it's getting more and more popular all over the world. Because the cryptocurrency market currently occupies more than ninety percent of the space. Will be more popular in the future. So I don't think it's comparable to any other new dex. Since financial services are spread all over the world in a matter of moments.
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It seems that pancakswap is starting to be popular with investors. I've never participated in pancakswap, but it seems interesting. Are there many good projects on pancakeswap?
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PancakeSwap surpasses Uniswap in trading volume
$ 1 508 688 258 vs $ 1,351 927 221
and took 1st place in the overall rating
PancakeSwap trades for BNB and commissions are very low - a few cents, unlike Uniswap
Numbers of new DeFi projects and even existing ones now preferred/moving from Uniswap (ETH-based) to Pancakeswap (BCS) due to lesser network congestion on the latter and thus much lesser network fee. It is excellent for new DeFi projects especially for small investors paying over $50 in minimum for gas fee.
This is just meant to happen.
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Day to day pancakeswap popularity increasing due to the Binance smart chain supporting platforms. Pancake just a decentralized exchange which already directly support by Binance centralized exchange with Binance ERC 20 based assets.
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Pancakeswap is currently very popular among Cryptocurrency traders, and this is of course very influential on Cake tokens whose prices have increased sharply. I have never actually transacted on Pancakeswap but I am interested in investing in Cake tokens, because it looks like this will bring me luck.
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Pancakeswap and Uniswap are actually very good and very interesting when we trade there, but what distinguishes Pancakeswap and Uniswap is the fees that are very different. In my opinion, if Uniswap can reduce the amount of fees, I'm sure that Uniswap can be more popular, but that doesn't mean I don't like Pancakeswap because Pancakeswap is also very good and very popular in trading now
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Pancakeswap and Uniswap are actually very good and very interesting when we trade there, but what distinguishes Pancakeswap and Uniswap is the fees that are very different. In my opinion, if Uniswap can reduce the amount of fees, I'm sure that Uniswap can be more popular, but that doesn't mean I don't like Pancakeswap because Pancakeswap is also very good and very popular in trading now
Particularly, the high trading fee isn't Uniswap's fault. I think all is due to Ethereum being its own killer with so much high gas fee unprecedented. If ether network fee comes less cheap than it is now, Binance would be much more easier and less costlier to trade in.
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These two new projects are so promising They always have increasing things that can make us as users proud of them. Pancake may have lower fees and easier to use. However, uniswap is also good enough. There are still many more things that we can do or gain