The horrific transaction fees of the Ethereum Blockchain tilt the gap on the DeFi market in favor of the Binance Smart Chain. Last but not least, the native currency of the largest BSC platform PancakeSwap benefits from this.A power struggle is raging at the DeFi market. While Ethereum was able to concentrate most of its shares on itself until a few months ago, the Binance Smart Chain (BSC) is gradually gaining the upper hand. The increasing transaction costs of the competition play into the cards for BSC growth. The rise in Ethereum gas fees has caused many users to switch to the Binance Smart Chain. The DeFi trench battle between Ethereum and Binance is also a distribution battle between the largest trading platforms in each case. PancakeSwap is gradually taking over the pole position, which is reflected in the price performance of the native currency CAKE. The CAKE price has risen 138 percent in the past 30 days and only hit a new record high of $ 43.96 on April 30th.Pankaceswap is a decentralized exchange (DEX) through which BEP-20 tokens can be exchanged. In particular, the numerous passive sources of income such as staking and yield farming opportunities have favored the platform\u2019s upswing in recent months. As with Uniswap, users receive returns on the liquidity made available \u2014 only at significantly lower fees and with faster transactions.With just under 60,000 users, PancakeSwap is by far the largest platform on the Binance Smart Chain. At the beginning of the year, the average number of users was 8,000. Uniswap has 12,000 more users. In terms of network activities, PancakeSwap has already overtaken the Ethereum competition.On April 21, the Binance Smart Chain posted a record high of 9.1 million transactions, with PancakeSwap accounting for around 20 percent of the total. The number of\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The horrific transaction fees of the Ethereum Blockchain tilt the gap on the DeFi market in favor of the Binance Smart Chain. Last but not least, [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4413"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4413"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}