Where does the pancake trading platform rank in the world?-web3.0-php.cn

Home

web3.0

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.

The above is the detailed content of Where does the pancake trading platform rank in the world?. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

The Pi Network token price has increased by more than 14% over the past week.Apr 16, 2025 am 11:22 AM

As of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi

More Reasons to Be Bullish on SUI as Price Enters Prime Buying ZoneApr 16, 2025 am 11:20 AM

An analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory.

Bitcoin (BTC) Sentiment Is Turning Bullish as Over $467 Million of the Cryptocurrency Was Withdrawn From Exchanges YesterdayApr 16, 2025 am 11:18 AM

Following today's data released by IntoTheBlock, sentiment around Bitcoin appears heightening towards bullishness.

Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token.Apr 16, 2025 am 11:16 AM

nt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities

A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]Apr 16, 2025 am 11:14 AM

With $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.

Mantra CEO John Patrick Mullin Burns His Allocation of OM Tokens to Restore Investor ConfidenceApr 16, 2025 am 11:12 AM

Mantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse.