Topic: PancakeSwap vs Uniswap (Read 589 times)

Low fees and blazing-fast order execution times is what makes PancakeSwap superior than Uniswap. User experience is what matters most in order to help boost adoption of crypto/Blockchain tech. People don't care about centralization as long as they're able to use a platform with ease. A high-performance AMM like PancakeSwap should attract more people into Binance Smart Chain. Ethereum better watch out, as BSC becomes a force to reckon with. At the time of this writing, Binance Coin is the third-largest cryptocurrency by market cap. It may be centralized, but adoption is growing like crazy. In a time where convenience/ease-of-use matters most, PancakeSwap proves to be the winner.

Of course, no other platform can match Uniswap in terms of liquidity and decentralization. This could be the reason why it's still the most popular AMM platform even with high fees and slow transaction processing times in play. It's no secret that the Ethereum blockchain has the most tokens on the market. Uniswap has benefited from ETH's massive adoption in the mainstream world, with a wide array of tokens to choose from. With V3 just around the corner, things will get interesting for Uniswap in the long run. Only time will tell us which platform will survive in a highly-competitive industry. Whenever it'll be Uniswap, PancakeSwap, or both, that's up to people to decide. Just my opinion

In my opinion, at present uniswap is not good for  swapping small amount of token or eth . Because the gas fees are hugh. Only whales can afford that. Normal users who want to swap eth or tokens worth 500 dollars or less than that, uniswap is not a good option. But in other hand pancakeswap is very cheap. You just need to pay few cents as gas fee for swapping bnb or tokens. Always people look for cheap and better options and pancakeswap is providing that for common people.

Even though I haven't use pancakeswape just yet, I have use uniswap and I must say that the experience was not pleasant as regards to the high transaction fees, you pay for virtually every move interacting with the exchange, 
If you are a small time trader, it will be very hard to use uniswap without paying high fees probably even higher than the whole value of your trade,

while with pancakeswape since it is on bsc with less fees I heard it is a lot cheaper, I think high fees is what majority of users will put into consideration when engaging with either one of the dex and go for the one with less fees.

This will definitely calls for urgent attention on Ethereum network since the inception of BSC network, though bsc will surely be sucking due to the increase in price for bnb. that is why most of the project today have configured and build their system in BSc/Eth network. now talking of the liquidity etc.
pancakeSwap will take over as it fastest way to make transaction and swapping.

For me who is a small-time trader I am avoiding exchange that has high transaction fees, unfortunately, uniswap has high transaction fee due to ETH gas fee. I think at this point Pancakeswap is the winner because of the cheaper transaction fee when using the exchange but I hope the upcoming update of Ethereum will solve the high gas price

Having used both services I would say that PancakeSwap obviously has a better user experience. As others have mentioned it’s hard to compete with centralized services. I think most people entering crypto and investing in this sort of space are less worried about decentralization and more concerned with fees which is why BNB and the BSC are doing so well compared to ETH/Uniswap.

Most people prefer centralized services because they're easier to use and have a higher liquidity than their decentralized counterparts. As long as this is the case, don't expect decentralized solutions to go anywhere. We've seen this already with PancakeSwap despite being utterly centralized by design. The popular AMM is faster, and cheaper to use than Uniswap itself. For different needs and/or tastes, will be the type of platform to use for trading one token to another across the blockchain. Neither PancakeSwap nor Uniswap will replace each other because they have their respective advantages/disadvantages. I envision a future where many AMM platforms will co-exist for years to come. That is of course, if the underlying blockchain network remains actively supported by nodes, miners/validators, and individuals alike.

Nonetheless, I have high hopes that things will get better for Uniswap in the long run. The new V3 upgrade will improve performance by 1,000%. Regardless of ETH's network activity, Uniswap will be able to provide its users with low fees and fast order execution speeds. That's because Uniswap V3 will rely on an "off-chain" solution for scalability. This should solidify Uniswap's position as the leader of decentralized exchanges in the long term. PancakeSwap will remain behind Uniswap in terms of liquidity and mainstream adoption. But it'll be a nice alternative for anyone working on Binance Smart Chain. Just my opinion

Uniswap is indeed a successful project with the concept of decentralization. As you have said, the cost of gas at Uniswap is very high. I think PancakeSwap is another alternative. I am sure that PancakeSwap will be more successful than Uniswap in the future. If Ethereum can fix gas costs quickly, then the Uni will be more active, but if not, it will fall behind.

That's what I was getting at. They're basically copies of the exact same product. They do the exact same things, except I would say Pancake has more additional features like a profile and NFT collection.

And of course they are on the different networks. Also now v2 is coming out. But Uni v3 would be even more special I guess (except for fees).

Recent or current Volume between these platforms.

UNI - M.cap $16,107,892,203  24 hour volume $640,470,051

CAKE - M.cap $4,588,076,411  24 hour volume $988,647,797

We can already tell the difference but both are good platforms in making out some swaps.One thing that do sucks is the gas fees.

 

For me, this is only a slight difference between Pancakeswap and Uniswap, both of which have the same features, only different from the ETH and BSC networks, for now I don't know more than Uniswap because the high exchange fees make me no longer do it there but Pancakeswap makes it easier for me in several ways maybe because being on the BSC network and the lower cost has resulted in many people switching to Pancakeswap a lot.
I admit that the current BSC and CAKE prices are still quite stable.

Not sure why some people saying you can't compare them when you can. Makes more sense to compare even because they're on completely different networks. Although it does make it hard to differentiate what is really a UNI/CAKE feature or which is actually an ETH/BSC feature.

Kudos to BSC and CAKE for maintaining price in this crypto dip. Have to admit it!

I kind of disagree with the above, you see this world is full of different people and different choices, likes and dislikes, as you crave for decentralization and care so much about it, that may not be the case for another, if people are so worried about centralization no cex exchange will be functioning right now, in fact all the decentralize exchange would be top on the list but so far that hasn't been the case,

Decentralize exchange has been around for long but still millions of people flock in the direction of cex, why is that? It doesn't matter what uniswap or any other  similar dex bring to the table, those who find binance and pancake swap useful and easy to use will make use of them, that is why options is an essential part of any system, they will coexist, developers will have to include both chains for wider adoption. People need to be able to make several options and not stuck with just one.

the solution might be to increase users from uniswap it is better if they combine the blockchain ETH and bsc as did 1 inch. As long as the cost of ETH gas is not cheaper than BSc people do not attach importance to decentralization.

Binance smart chain has proven to be a qualified competitor to ethereum even though it has a lower level of decentralization. But this is not a big issue since people are making money, right? On the other hand, BSC has different development since it was created and pancake swap can be considered as its most successful enterprise. If I had to choose, I would choose the cheaper one -> BSC

Uniswap's demise might not last for long. I've heard that Uniswap V3 is coming, making high fees and slow transaction confirmation times a thing of the past. The new iteration of Uniswap will make use of "Off-Chain" scalability solutions to increase its performance regardless of Ethereum's network congestion. If it works, Uniswap could rise back to its former glory. PancakeSwap doesn't stand a chance against Uniswap, since the latter has a bigger user base and mainstream adoption. The new Uniswap V3 upgrade will bring the best of both worlds by combining decentralization with scalability.

Ultimately, both AMMs will compete against each other for the foreseeable future. But there can only be one winner in the long run. I believe that winner will be Uniswap. At least, people have many options to choose from. Things would've been worse if there was only one decentralized AMM in the crypto/Blockchain space. Time will tell us the development progress of such platforms according to their ever-rising popularity in the mainstream world. Just my opinion

You are giving an example about how people were starting to move from uniswap to the pancake swap. Pancake was taking more advantage due to the low scalability of ethereum network. I was also feeling the same as you. This day I need to pay $100 for a single swap on uniswap while I can pay a few dollar or even less on pancake swap.

That's why the volume of uniswap was going down so hard. Uniswap is only for the whale now. 

I'm using pancakeswap, and love to use Pancake Swap. A light fees applies every time you claim your pool interest. I’m having problems with Uniswap and not any longer user friendly. Majority of us already move into Pancakeswap and this competition helps a better market.

PancakeSwap is a much better alternative than Uniswap because of the low fees and blazing-fast order execution. But the centralized model of Binance Smart Chain, greatly defeats the purpose of exchanging one token to another without the risks of a single point of failure. Either you sacrifice decentralization for scalability or all the other way around. There's no middle point. Those who want true decentralization and censorship-resistance, will choose Uniswap over PancakeSwap anytime even with the high fees and slow performance of the ETH blockchain.

Ultimately, Uniswap will prevail as it's the most decentralized AMM in the crypto/Blockchain industry. With V3 on the way, high fees and slow performance will no longer be an issue for those who want to exchange tokens on the ETH blockchain in a decentralized manner. PancakeSwap will survive as it's patronized by Binance. But Uniswap will remain the dominant platform for years on end. Just my opinion

Pancakeswap is performing very well. It is place where you can stake your cake coins to earn more cake coins or stake it in other pools to earn other crypto coins. It has less gass fees than uniswap and a lot higher gains. There is also bunnyswap where u can stake your cake for extra cake and bunny coins with much higher gains. Im in it for a month and i already made 4x of the money i put in and i am not even tslking about the cake that is doubled in price since then.

PancakeSwap is centralized because it lives on a centralized blockchain controlled by Binance itself. The Binance Smart Chain is nothing more than a "glorified payment processor" subject to the risks of a single point of failure. Things would've been different if Binance wouldn't controlled most of the network's nodes. The company decided to sacrifice decentralization, security, and reliability in exchange for scalability (low fees, and blazing-fast transactions).

Ultimately, Uniswap will win as it's the most decentralized AMM in the industry. It's suffering from high fees and slow performance because the ETH blockchain is extremely clogged. Things could change with Uniswap V3, as most operations will be performed in an off-chain manner. After that, Uniswap will be able to provide low fees and high performance to its users. PancakeSwap's rise may not last for long, once people experience the negative effects of centralization. Who knows what the future of these platforms will be as mainstream adoption for crypto/Blockchain tech grows towards new heights? Just my thoughts

I have experienced both dex in general at this point I prefer PancakeSwap because it is much easier to use and the transaction cost is also a lot cheaper than uniswap. But it seems that the BSC ecosystem does not have many because there are not many potential projects on this platform. As for uniswap I still rate it well because this is also where new projects raise funds and offer a lot of different coins. Overall, PancakeSwap is solving the problem of transaction fees on the network well uniswap at the moment.

"For Now" Just hope it will become Decentralized soon as some post before said.
Fees + Time i suppose, It much faster and Cheaper but yeap ETH 2.0 I suppose will change it again and basically BSC was more popular rather than other network since it's basically "1:1" to ethereum and people was more familiar to it's UI Especially on it's explorer and EVM.
I though V3 it's only rumour? If this real then it's gonna be good, Just won't hope much since Uniswap V2 didn't even realized before (UNIPIG).

Well let's hope ETH 2.0 Will be launched soon (Hope this year).

Yeah. Pancake swap fee is far more cheaper than Uniswap and the transaction speed on pancake swap is very fast since its on BSC. There is some minor downside on BSC since its centralized but it was fully covered by the feature that I mention above. BSC is the next ETH and Pancake will follow too.

The only reason why Uniswap become hit before is because it just the first mover on AMM industry and most of the competitors was on the same chain which means they have same feature.

Yeah, they can control the fees since it's centralized. If people only care about fees they could become a good solution for sure, but when ETH2.0 comes it will be competitive again. Not to mention lots of decentralized projects, especially those who prefer strong main-chain would not sacrifice decentralization that much.

Uniswap still has the first mover advantage, and with the update to v3 and the lates proposal, plus 2.0, I think they're still strong enough to tackle projects backed by centralized entity.

But BSC was modified Ethereum Fork and compatible with EVM so basically it's have same purpose & Use case and from my personal opinion and we can Compare it since it's basically same and the real Head-to-Head Match will come after Eth 2.0 When both of them will have PoS. BSC was much better on Gas Fees but it's Centralized For now.
BSC was one of the best alternative especially for DeFi Transaction or the other dApps. We only can wait for now which one will released early, Decentralized BSC As you said or Ethereum 2.0.

Uniswap is using ETH as their platform, while pancake is using BNB as their platform. Both are different, so we can't compare between them.

Just fyi, binance smart chain will be become decentralized later,


I don't think people will back to use ETH as many as before BSC launched, i can say it's only for rich people who can afford to pay more than $30 just for 1 trade by using ETH platform as gas fee.

What exactly is pancake centralization? Can someone explain it in detail ? The principle is similar in principle I don't see any differences under the user's eye. How is it different and why is it centralized ? After all it works on the same principle only on a different network as ethereum . I don't understand

Yes. I'm talking about cheap fees and increased performance. It's hoped that the newest iteration of Uniswap would fix this issue by adopting off-chain solutions for scalability. Only then, the AMM will be able to retain performance without sacrificing decentralization. No matter how far PancakeSwap or any other competitor goes, Uniswap will still be the leader in the industry because of its unrivaled level of decentralization. Who knows what the future of Uniswap will look like as it continues to grow in development and innovation?

Nonetheless, PancakeSwap's rise may not last for long once Uniswap gets back on track. Binance Smart Chain provides low fees and blazing-fast transactions, but it's utterly centralized. Sooner or later, developers and everyday people will experience the consequences of a system controlled by a single entity. Once this happens, they'll head back to Ethereum and Uniswap in order to obtain the benefits of decentralization and censorship-resistance. Trying to beat Uniswap is like trying to beat Ethereum or Bitcoin. It's why I believe PancakeSwap will never succeed in taking down Uniswap's dominance in the crypto/Blockchain space. Just my opinion

they have to be quick about it though, if a lot of people start using other than Ethereum like Polkadot, Cardano and BSC, they might keep using them even after they fix their fees problems, they need to find a solution asap.

I agree with you. We all knew that these AMM happened because uniswap started it all. The v3 should be a good progress and also helps on the reduction of paying too much gas, I think they can able to manage it as other platform using dex can do it. Not to mention that they are really making it as low as possible.

This should not be decentralized as uniswap how decentralized the swap service totally pegged with the blockchain that already used to run the swap service because the swap service totally pegged with the blockchain. Pancake use BSC that has very small amounts of nodes but these nodes controlled by binance itself and the update to the protocol can be executed anytime.
Both were different and it's not comparable.

You can always have the option though as long on what suits you or according to your needs.Even if you are a die hard fan of decentralization, we cant just ignore the fact
on using up centralized one for the benefit of saving up fees or whatever reason you do have in mind.Dont stick on things which would really be costing you a lot.
If there are alternatives then it would be better for you to consider it out rather than on forcing into something which you do know that it will really be putting
you on disadvantage.

Because of too much fee, that's really sick to keep doing it with Uniswap if the fees are totally high and cannot be tolerated anymore. BSC is cheaper and that's why many traders are already getting on it.

Thus, there's CZ who's marketing his own BSC and giving statements that will make others feel that they're on the wrong chain. Just like this tweet.

https://twitter.com/cz_binance/status/1365708265078726656

@agustina2 experience is good until problems will occur...
And as binance smart chain is not truly decentralised it will be very easy to regulators to force its "excellent" idea - like freezing acounts or blocking transfers not complied with their regulations..
This risk is a way lower in truly decentralised networks like Ethereum is!
So BSC is good for fast action like swap, but not for keeping money on them

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

@Abiky that's  the way  big whales would like to  things going - only big entities will be able to  use cryptocurrencies on-chain, others will be forced to use intermediary - sad, but real decentralization is too beautifull to be true..

I can't imagine paying well above $10 just to make a deposit or withdrawal from a decentralized lending platform. It would leave the "average Joe" out of the system. Only the wealthy will be able participate on "De-Fi", greatly defeating the purpose of crypto/Blockchain tech. That's why most people are considering other alternatives to Uniswap. They want to save off fees while enjoying the benefits of decentralization. Little do they know that PancakeSwap lives on a centralized blockchain controlled by a single entity (which in this case it's Binance). Uniswap wins by a long shot, if we take into account decentralization and censorship-resistance. I'm sure that the upcoming version of Uniswap (V3) will attract the likes of everyday people once more. PancakeSwap's rise may not last for long if Uniswap becomes great again.

Nonetheless, there are many AMM platforms aiming to take Uniswap's place on the market. Yet, none have been able to outmatch Uniswap's level of adoption in the mainstream world. The battle is getting fierce but only one will be a true winner in the long run. I'm all in for Uniswap as it's the biggest decentralized AMM in the world. Just my opinion

I' am just experiencing some difficulties regarding Uniswap and PancakeSwap - I'm trying to buy some of certain tokens on PancakeSwap as  Binance Smart Chain fees are much cheaper than Ethereum fees, but price of my token is much over 5% higher on PancakeSwap! This token isn't included in Binance Bridge service..
So I think it is many work ahead Binance until they reach Uniswap in terms of market depth and liquidity..

Overally I think Uniswap as Eth project is much more reliable and I'd rather add liquidity there, as Binance (Smart) Chain isn't truly decentralised network

It is true that now PancekSwap is now above Uniswap, they are friendlier when it comes to swapping compared to Uniswap, which now costs a lot of money.
Sometimes people always switch from Ethereum network to Binance chain which has faster transactions to be honest I also like it and trade more on pancakeswap than Uniswap.
So when there are low costs, many people will switch and leave the more expensive ones.

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.

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

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.

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.

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.

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?