Cryptocurrencies: What is Pancakeswap?

Cryptocurrencies: What is Pancakeswap?

If you are trying to understand the crypto world, there are some terms you should know. In this article, you will learn all about Pancakeswap. Keep reading to get to know all about it!

If you are trying to understand the crypto world, there are some terms you should know. In this article, you will learn all about Pancakeswap. Keep reading to get to know all about it!

Pancakeswap is the fastest growing decentralized exchange (DEX) platform. To the point of contesting the throne to Uniswap. 

After a few days of ups and downs, Bitcoin returned to its reputation and reached $54.76. Ethereum broke its barrier of $2,711 yesterday. 

After a few days of ups and downs, Bitcoin returned to its reputation and reached $54.76.

The third currency in market capitalization, after Bitcoin and Ethereum, is Binance Coin BNB, a native token of the Binance Smart Chain (BSC) network, which has experienced exponential growth so far this year: it started at $38 and today it exceeds $630.

The great demand from the community for the BNB coin is caused thanks to the fact that behind there are several DeFi projects (Decentralized Finance), among which PancakeSwap stands out, launched in September of last year and that is being transformed on the fastest growing decentralized exchange (DEX).

Pancakeswap is the fastest growing decentralized exchange (DEX) platform.

Such as CAKE, its native token, which went from $0.60 at the beginning of the year to $41 today. And that is challenging the leadership of the already established Uniswap, whose UNI coin was worth $5 in January and is now also at $41.

So with a dessert name, and following the trend (or fashion of the moment), the great hallmark of PancakeSwap is that it works within the Binance Smart Chain instead of Ethereum, a chain of blocks is more scalable and with lower commissions.

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