Let’s check out the field of DEXes competing for volume on BNB Chain, with the main event being Uniswap versus PancakeSwap. In the end, we’ll narrow down a few that appear to have more room for growth than others.
Let’s Get Ready to Rumble!
The deployment of Uniswap v3 on BNB Chain officially heralds the beginning of an all-out melee among the dozens of swaps on the blockchain. We call it, “The Battle of the DEXes.”
Most people know that “PancakeSwap” has basically been synonymous with Decentralized Finance on BNB Chain, accounting for about half of all Total Value Locked on the network.
But that is likely to soon change, as PancakeSwap’s market share faces a direct frontal assault from the Uniswap juggernaut, as well as challenges from all other sides from a variety of native and imported protocols.
Where there are shifts in the balance of power, there are opportunities to be had by investors.
(Never confuse anything in this newsletter as constituting financial advice.)
This week, we’ll look at a score of DEXes on BNB Chain, examining their activity, assets, distinguishing characteristics and potential token upside. In the end, we’ll narrow down a few that appear to have more room for growth than others.
Read on to find out more!
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Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.