PancakeSwap Widens Binance Smart Chain’s Lead Over Ethereum on Transactions.

[Malam90]

A flurry of activity on the decentralized cryptocurrency exchange PancakeSwap has helped to push the number of transactions on Binance’s smart-contract blockchain, Binance Smart Chain (BSC), to five times that of the perceived industry leader, Ethereum.

While the Ethereum blockchain processed a record 1.56 million transactions on Wednesday, BSC registered a total transaction volume of 9.13 million, according to data provided by EherScan. BSC-based PancakeSwap, which generates liquidity from traders who stake tokens, known as “farmers,” alone processed more transactions than Ethereum. PancakeSwap contributed more than 2 million of BSC’s transactions on the day, or some 20% of the total.

The PancakeSwap coin price (CAKE), representing the upstart platform’s own tokens, has jumped 46-fold this year, for a market capitalization of about $4.2 billion. Source