The Binance Smart Chain project is giving top DEXes a run for their money with lower fees and an easy-to-use interface.
PancakeSwap (CAKE) is now the world’s largest decentralized exchange by daily trading volume, data from markets app CoinGecko showed. The project launched on Binance Smart Chain last year, but few paid attention to it at the time.
.@PancakeSwap is now the highest volume AMM
BSC Adoption has seriously exceeded expectations https://t.co/ko4D73lrGp pic.twitter.com/meNbuXGOIG
— Andrew Køng (@Rewkang) February 19, 2021
The last day saw over $1.7 billion traded on PancakeSwap. In contrast, Uniswap saw over $1.6 billion exchange hands. The latter is based on Ethereum and is the network’s biggest Gas guzzler—it has generated $16 …