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Where does the pancake trading platform rank in the world?

Hannah Marie Garcia

Oct 01, 2024 am 10:43 AM

BlockchaincryptocurrencyEthereumStablecoinBinancePizza Exchangetrading platform

PancakeSwap ranks 10th among global decentralized trading platforms. Advantages include: 1. Low transaction fees; 2. Fast transaction speed; 3. Extensive token support; 4. User-friendly interface; 5. Decentralization.

Where does the pancake trading platform rank in the world?

Pancake Platform Global Ranking

PancakeSwap is a decentralized trading platform based on Binance Smart Chain, which is globally ranked Ranked high among decentralized trading platforms.

PancakeSwap’s global ranking:

As of March 2023, PancakeSwap is ranked 10th on CoinMarketCap based on 24-hour trading volume.

Advantages of PancakeSwap:

PancakeSwap’s popularity is attributed to its following advantages:

Low transaction fees: Binance Smart Chain offers lower transaction fees compared to other blockchains such as Ethereum, thus reducing transaction costs on PancakeSwap.
Fast transaction speeds: Binance Smart Chain is known for fast transaction speeds, allowing PancakeSwap to provide a fast and efficient trading experience.
Broad Token Support: PancakeSwap supports a wide range of BEP-20 tokens, including stablecoins, governance tokens, and utility tokens.
User-Friendly Interface: The platform provides a user-friendly interface that makes it easy for both beginners and experienced traders to use.
Decentralization: As a decentralized platform, PancakeSwap is not controlled by a central authority, resulting in enhanced security and reduced censorship risk.

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