Topic: PancakeSwap vs Uniswap - page 3. (Read 589 times)
PancakeSwap is the leading decentralized exchange running on Binance Smart Chain. By user count and popularity PancakeSwap is the top exchange. Deal with Uniswap means congestion on the network and the high gas fees while PancakeSwap is relatively more fast, and cheap to use it.
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If ETH doesn't scale fast, Uniswap could lose a considerable amount of users as they flock into PancakeSwap. Of course, Uniswap is much more decentralized than PancakeSwap. But most people don't care about this, as they usually "follow the money".
Thoughts?
If ETH doesn't scale fast, Uniswap could lose a considerable amount of users as they flock into PancakeSwap. Of course, Uniswap is much more decentralized than PancakeSwap. But most people don't care about this, as they usually "follow the money".
Thoughts?
Pancakeswap already passed Uniswap volume according to dappradar. Also it seems that pump chasers went there too.
Even if Pancakeswap isn't as decentralized as eth, these nearly free fees made me try swapping and adding liquidity for the first time because i was put off by ETH fees and never got around to test uniswap.
So even if i am not going to stay with pancakeswap when eth scales, i am grateful for it providing me an opportunity to test it nearly free of charge, so i will be ready and actually have some idea how it works.
so this pancakeswap is the new kid/trend in town? hmm . pancakeswap is centralized while uniswap is decentralized , this factor gives a reason for uniswap users to think twice if they will consider risking thier privacy to save fees and to reduced the waiting times or they will stay and will practice being a lil bit uncomfortable on using uniswap and besides there still a chance that eth and uniswap service can recover in the future so pancakeswap are still in danger
But most people don't care about this, as they usually "follow the money".
Thoughts?
If people do not search for what can help them to money, than just follow the money flows, they will get lost their money as they can not identify the way that they can use to make money. Regard that is PancakeSwap or Uniswap that will depend on people can feel comfortable to use that exchange because that is how they can accept the fee of making the transaction. If they accept the fee, they will use PancakeSwap or Uniswap or use both exchanges as long as they can profit from both exchanges. Thoughts?
I believe this is just temporary. Yep, the expensive gas fees on Ethereum are really sick, especially you are just a small trader. Trading DEX or other Defi apps on Ethereum now is for whale players.
I can't blame Binance smart chain will start to compete with Ethereum, not only Binance smart chain, a lot of alternatives these days that is more scalable than Ethereum, just like Solana which recently started their first AMM, which is Raydium.
Once Ethereum will become scalable soon, people will realize how Ethereum is useful.
Identify your goal first, if you are into trading and want to save fees, then use PancakeSwap / Binance smart chain. As I heard, 1INCH will start to expand to Binance smart chain.
I can't blame Binance smart chain will start to compete with Ethereum, not only Binance smart chain, a lot of alternatives these days that is more scalable than Ethereum, just like Solana which recently started their first AMM, which is Raydium.
Once Ethereum will become scalable soon, people will realize how Ethereum is useful.
Identify your goal first, if you are into trading and want to save fees, then use PancakeSwap / Binance smart chain. As I heard, 1INCH will start to expand to Binance smart chain.
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they usually "follow the money"
That is the key point. No matter how much people trust in ethereum, they will always follow the profitable one. No matter how noisy the echoes of decentralization are in crypto verse, seems like people don't care anymore as long as it safe and low fee.I am one of those people. I follow the money.
~ If ETH doesn't scale fast, Uniswap could lose a considerable amount of users as they flock into PancakeSwap.
While Ethereum developers and miners are busy fighting over EIP 1559 to help reduce the fees, developments on BSC continues. The number of coins/tokens on Pancakeswap is currently less than 10% of Uniswap's but the trading volume is closer than you'd expect. Personally, I've abandoned abandoned Uniswap and moved to Pancakeswap and Bakery. I don't have the pocket to endure paying $50+ fee on erc-20 and eth smart contracts. It's a playground for whales as they say and not for regular traders/investors.
You are right. Majority have shift to Binance smart chain already and increasing as the gas fee on eth network is terribly high and unbearable already. Imagine paying more than $100 for a few just to confirmed and interact swap feature is really a pain for all traders. It seems like that uniswap are now privilege only for those doing a huge number of transactions. Pancakeswap Volume has surpass the Uniswap on quite sometime and it will totally exceed it once the fee never go down to a normal one.
Momentum is rising for AMMs in the crypto/Blockchain space. Uniswap has been one of the first (if not the first) AMMs to introduce the concept of decentralized swaps. It's been widely successful with liquidity rising at a fast pace. Yet, the high fees and slow transaction confirmation times on Ethereum are forcing people to look for other options. One of those options is PancakeSwap. This new AMM lives on Binance Smart Chain, allowing it to benefit from the blockchain's ultra-low fees and blazing-fast transaction confirmation times. If ETH doesn't scale fast, Uniswap could lose a considerable amount of users as they flock into PancakeSwap. Of course, Uniswap is much more decentralized than PancakeSwap. But most people don't care about this, as they usually "follow the money".
Thoughts?
Thoughts?
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