PancakeSwap vs Uniswap

[Abiky]

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

Yes. I'm talking about cheap fees and increased performance. It's hoped that the newest iteration of Uniswap would fix this issue by adopting off-chain solutions for scalability. Only then, the AMM will be able to retain performance without sacrificing decentralization. No matter how far PancakeSwap or any other competitor goes, Uniswap will still be the leader in the industry because of its unrivaled level of decentralization. Who knows what the future of Uniswap will look like as it continues to grow in development and innovation?

Nonetheless, PancakeSwap's rise may not last for long once Uniswap gets back on track. Binance Smart Chain provides low fees and blazing-fast transactions, but it's utterly centralized. Sooner or later, developers and everyday people will experience the consequences of a system controlled by a single entity. Once this happens, they'll head back to Ethereum and Uniswap in order to obtain the benefits of decentralization and censorship-resistance. Trying to beat Uniswap is like trying to beat Ethereum or Bitcoin. It's why I believe PancakeSwap will never succeed in taking down Uniswap's dominance in the crypto/Blockchain space. Just my opinion

[1714504842]

1714504842

[1714504842]

1714504842

[1714504842]

1714504842

[tumis]

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

Yes. I'm talking about cheap fees and increased performance. It's hoped that the newest iteration of Uniswap would fix this issue by adopting off-chain solutions for scalability. Only then, the AMM will be able to retain performance without sacrificing decentralization. No matter how far PancakeSwap or any other competitor goes, Uniswap will still be the leader in the industry because of its unrivaled level of decentralization. Who knows what the future of Uniswap will look like as it continues to grow in development and innovation?

Nonetheless, PancakeSwap's rise may not last for long once Uniswap gets back on track. Binance Smart Chain provides low fees and blazing-fast transactions, but it's utterly centralized. Sooner or later, developers and everyday people will experience the consequences of a system controlled by a single entity. Once this happens, they'll head back to Ethereum and Uniswap in order to obtain the benefits of decentralization and censorship-resistance. Trying to beat Uniswap is like trying to beat Ethereum or Bitcoin. It's why I believe PancakeSwap will never succeed in taking down Uniswap's dominance in the crypto/Blockchain space. Just my opinion

What exactly is pancake centralization? Can someone explain it in detail ? The principle is similar in principle I don't see any differences under the user's eye. How is it different and why is it centralized ? After all it works on the same principle only on a different network as ethereum . I don't understand

[janggernaut]

Uniswap is using ETH as their platform, while pancake is using BNB as their platform. Both are different, so we can't compare between them.

Just fyi, binance smart chain will be become decentralized later,


I don't think people will back to use ETH as many as before BSC launched, i can say it's only for rich people who can afford to pay more than $30 just for 1 trade by using ETH platform as gas fee.

[dhemasm]

Uniswap is using ETH as their platform, while pancake is using BNB as their platform. Both are different, so we can't compare between them.

But BSC was modified Ethereum Fork and compatible with EVM so basically it's have same purpose & Use case and from my personal opinion and we can Compare it since it's basically same and the real Head-to-Head Match will come after Eth 2.0 When both of them will have PoS. BSC was much better on Gas Fees but it's Centralized For now.

I don't think people will back to use ETH as many as before BSC launched, i can say it's only for rich people who can afford to pay more than $30 just for 1 trade by using ETH platform as gas fee.

BSC was one of the best alternative especially for DeFi Transaction or the other dApps. We only can wait for now which one will released early, Decentralized BSC As you said or Ethereum 2.0.

[joniboini]

BSC was much better on Gas Fees but it's Centralized For now.

Yeah, they can control the fees since it's centralized. If people only care about fees they could become a good solution for sure, but when ETH2.0 comes it will be competitive again. Not to mention lots of decentralized projects, especially those who prefer strong main-chain would not sacrifice decentralization that much.

Uniswap still has the first mover advantage, and with the update to v3 and the lates proposal, plus 2.0, I think they're still strong enough to tackle projects backed by centralized entity.

[Beparanf]

A very hype project, at some stage it even overtook Uniswap. In telegram, in many chats, they discuss cake

Yeah. Pancake swap fee is far more cheaper than Uniswap and the transaction speed on pancake swap is very fast since its on BSC. There is some minor downside on BSC since its centralized but it was fully covered by the feature that I mention above. BSC is the next ETH and Pancake will follow too.

The only reason why Uniswap become hit before is because it just the first mover on AMM industry and most of the competitors was on the same chain which means they have same feature.

[dhemasm]

Yeah, they can control the fees since it's centralized.

"For Now" Just hope it will become Decentralized soon as some post before said.

If people only care about fees they could become a good solution for sure, but when ETH2.0 comes it will be competitive again. Not to mention lots of decentralized projects, especially those who prefer strong main-chain would not sacrifice decentralization that much.

Fees + Time i suppose, It much faster and Cheaper but yeap ETH 2.0 I suppose will change it again and basically BSC was more popular rather than other network since it's basically "1:1" to ethereum and people was more familiar to it's UI Especially on it's explorer and EVM.

Uniswap still has the first mover advantage, and with the update to v3 and the lates proposal, plus 2.0, I think they're still strong enough to tackle projects backed by centralized entity.

I though V3 it's only rumour? If this real then it's gonna be good, Just won't hope much since Uniswap V2 didn't even realized before (UNIPIG).

Well let's hope ETH 2.0 Will be launched soon (Hope this year).

[kaseygriffin]

I have experienced both dex in general at this point I prefer PancakeSwap because it is much easier to use and the transaction cost is also a lot cheaper than uniswap. But it seems that the BSC ecosystem does not have many because there are not many potential projects on this platform. As for uniswap I still rate it well because this is also where new projects raise funds and offer a lot of different coins. Overall, PancakeSwap is solving the problem of transaction fees on the network well uniswap at the moment.

[Abiky]

What exactly is pancake centralization? Can someone explain it in detail ? The principle is similar in principle I don't see any differences under the user's eye. How is it different and why is it centralized ? After all it works on the same principle only on a different network as ethereum . I don't understand

PancakeSwap is centralized because it lives on a centralized blockchain controlled by Binance itself. The Binance Smart Chain is nothing more than a "glorified payment processor" subject to the risks of a single point of failure. Things would've been different if Binance wouldn't controlled most of the network's nodes. The company decided to sacrifice decentralization, security, and reliability in exchange for scalability (low fees, and blazing-fast transactions).

Ultimately, Uniswap will win as it's the most decentralized AMM in the industry. It's suffering from high fees and slow performance because the ETH blockchain is extremely clogged. Things could change with Uniswap V3, as most operations will be performed in an off-chain manner. After that, Uniswap will be able to provide low fees and high performance to its users. PancakeSwap's rise may not last for long, once people experience the negative effects of centralization. Who knows what the future of these platforms will be as mainstream adoption for crypto/Blockchain tech grows towards new heights? Just my thoughts

[Hobo66]

Pancakeswap is performing very well. It is place where you can stake your cake coins to earn more cake coins or stake it in other pools to earn other crypto coins. It has less gass fees than uniswap and a lot higher gains. There is also bunnyswap where u can stake your cake for extra cake and bunny coins with much higher gains. Im in it for a month and i already made 4x of the money i put in and i am not even tslking about the cake that is doubled in price since then.

[Abiky]

Pancakeswap is performing very well. It is place where you can stake your cake coins to earn more cake coins or stake it in other pools to earn other crypto coins. It has less gass fees than uniswap and a lot higher gains. There is also bunnyswap where u can stake your cake for extra cake and bunny coins with much higher gains. Im in it for a month and i already made 4x of the money i put in and i am not even tslking about the cake that is doubled in price since then.

PancakeSwap is a much better alternative than Uniswap because of the low fees and blazing-fast order execution. But the centralized model of Binance Smart Chain, greatly defeats the purpose of exchanging one token to another without the risks of a single point of failure. Either you sacrifice decentralization for scalability or all the other way around. There's no middle point. Those who want true decentralization and censorship-resistance, will choose Uniswap over PancakeSwap anytime even with the high fees and slow performance of the ETH blockchain.

Ultimately, Uniswap will prevail as it's the most decentralized AMM in the crypto/Blockchain industry. With V3 on the way, high fees and slow performance will no longer be an issue for those who want to exchange tokens on the ETH blockchain in a decentralized manner. PancakeSwap will survive as it's patronized by Binance. But Uniswap will remain the dominant platform for years on end. Just my opinion

[Mr.Scott]

A very hype project, at some stage it even overtook Uniswap. In telegram, in many chats, they discuss cake

Yeah. Pancake swap fee is far more cheaper than Uniswap and the transaction speed on pancake swap is very fast since its on BSC. There is some minor downside on BSC since its centralized but it was fully covered by the feature that I mention above. BSC is the next ETH and Pancake will follow too.

The only reason why Uniswap become hit before is because it just the first mover on AMM industry and most of the competitors was on the same chain which means they have same feature.

I'm using pancakeswap, and love to use Pancake Swap. A light fees applies every time you claim your pool interest. I’m having problems with Uniswap and not any longer user friendly. Majority of us already move into Pancakeswap and this competition helps a better market.

[bitkanu]

I’m having problems with Uniswap and not any longer user friendly. Majority of us already move into Pancakeswap and this competition helps a better market.

You are giving an example about how people were starting to move from uniswap to the pancake swap. Pancake was taking more advantage due to the low scalability of ethereum network. I was also feeling the same as you. This day I need to pay $100 for a single swap on uniswap while I can pay a few dollar or even less on pancake swap.

That's why the volume of uniswap was going down so hard. Uniswap is only for the whale now. 

[Abiky]

You are giving an example about how people were starting to move from uniswap to the pancake swap. Pancake was taking more advantage due to the low scalability of ethereum network. I was also feeling the same as you. This day I need to pay $100 for a single swap on uniswap while I can pay a few dollar or even less on pancake swap.

That's why the volume of uniswap was going down so hard. Uniswap is only for the whale now. 

Uniswap's demise might not last for long. I've heard that Uniswap V3 is coming, making high fees and slow transaction confirmation times a thing of the past. The new iteration of Uniswap will make use of "Off-Chain" scalability solutions to increase its performance regardless of Ethereum's network congestion. If it works, Uniswap could rise back to its former glory. PancakeSwap doesn't stand a chance against Uniswap, since the latter has a bigger user base and mainstream adoption. The new Uniswap V3 upgrade will bring the best of both worlds by combining decentralization with scalability.

Ultimately, both AMMs will compete against each other for the foreseeable future. But there can only be one winner in the long run. I believe that winner will be Uniswap. At least, people have many options to choose from. Things would've been worse if there was only one decentralized AMM in the crypto/Blockchain space. Time will tell us the development progress of such platforms according to their ever-rising popularity in the mainstream world. Just my opinion

[Piesel]

Binance smart chain has proven to be a qualified competitor to ethereum even though it has a lower level of decentralization. But this is not a big issue since people are making money, right? On the other hand, BSC has different development since it was created and pancake swap can be considered as its most successful enterprise. If I had to choose, I would choose the cheaper one -> BSC

[inanilujimi]

the solution might be to increase users from uniswap it is better if they combine the blockchain ETH and bsc as did 1 inch. As long as the cost of ETH gas is not cheaper than BSc people do not attach importance to decentralization.

[Anonylz]

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

~
Nonetheless, PancakeSwap's rise may not last for long once Uniswap gets back on track. Binance Smart Chain provides low fees and blazing-fast transactions, but it's utterly centralized. Sooner or later, developers and everyday people will experience the consequences of a system controlled by a single entity. Once this happens, they'll head back to Ethereum and Uniswap in order to obtain the benefits of decentralization and censorship-resistance. Trying to beat Uniswap is like trying to beat Ethereum or Bitcoin. It's why I believe PancakeSwap will never succeed in taking down Uniswap's dominance in the crypto/Blockchain space. Just my opinion

I kind of disagree with the above, you see this world is full of different people and different choices, likes and dislikes, as you crave for decentralization and care so much about it, that may not be the case for another, if people are so worried about centralization no cex exchange will be functioning right now, in fact all the decentralize exchange would be top on the list but so far that hasn't been the case,

Decentralize exchange has been around for long but still millions of people flock in the direction of cex, why is that? It doesn't matter what uniswap or any other  similar dex bring to the table, those who find binance and pancake swap useful and easy to use will make use of them, that is why options is an essential part of any system, they will coexist, developers will have to include both chains for wider adoption. People need to be able to make several options and not stuck with just one.

[slaman29]

Not sure why some people saying you can't compare them when you can. Makes more sense to compare even because they're on completely different networks. Although it does make it hard to differentiate what is really a UNI/CAKE feature or which is actually an ETH/BSC feature.

Kudos to BSC and CAKE for maintaining price in this crypto dip. Have to admit it!

[Furious 7]

Not sure why some people saying you can't compare them when you can. Makes more sense to compare even because they're on completely different networks. Although it does make it hard to differentiate what is really a UNI/CAKE feature or which is actually an ETH/BSC feature.

Kudos to BSC and CAKE for maintaining price in this crypto dip. Have to admit it!

For me, this is only a slight difference between Pancakeswap and Uniswap, both of which have the same features, only different from the ETH and BSC networks, for now I don't know more than Uniswap because the high exchange fees make me no longer do it there but Pancakeswap makes it easier for me in several ways maybe because being on the BSC network and the lower cost has resulted in many people switching to Pancakeswap a lot.
I admit that the current BSC and CAKE prices are still quite stable.

[Oilacris]

Recent or current Volume between these platforms.

UNI - M.cap $16,107,892,203  24 hour volume $640,470,051

CAKE - M.cap $4,588,076,411  24 hour volume $988,647,797

We can already tell the difference but both are good platforms in making out some swaps.One thing that do sucks is the gas fees.