It has been some time ago, when Ethereum was the synonym of DeFi.Due to the high fees and slow transactions, the defi world on Ethereum is now reduced to a whale playground still with the highest TVL, while retail investors have fled to other blockchains, especially BINANCE Smart Chain which offers lower fees and faster transactions.BSC has surpassed ETH in number of transactions as well as number of users already some time ago, however the TVL in BSC defi space is still lower than in ETH, but BSC is catching up rapidly.
Similarly it was just a question of time when the leading DEX and AMM of BSC Pancakeswap will surpass the leading DEX and AMM of ETH Uniswap not only in number and volume of transactions as well as number of users (which happened already in February this year), but also in Total Value Locked TVL.In just the last few months, this has become a reality. According to dappradar.com and coinmarket.cap, Pancakeswap has become the biggest cryptocurrency DEX and ATM globally, replacing Uniswap in the top spot.position it held until recently.
Congratulations Pancakeswap, congratulations BSC.Please continue doing a good job.Crypto should not be about emotions but about reasoning, your practical and user-friendly approach made this possible.Both Cake and BNB coin are going to receive an additional positive push.And I am buying more of both, as it seems that nobody noticed this milestone yet, even not in Pancakeswap itself. Or maybe they don't care ;-)
Take care and watch your crypto!
MartinThe text on this page is based on the original post and does not claim the copyright of the owner in any way. Everything written here is a free interpretation of the original post.