PancakeSwap vs Uniswap

[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.

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.

That's what I was getting at. They're basically copies of the exact same product. They do the exact same things, except I would say Pancake has more additional features like a profile and NFT collection.

And of course they are on the different networks. Also now v2 is coming out. But Uni v3 would be even more special I guess (except for fees).

[1714505335]

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[Moeda]

~snip

Uniswap is indeed a successful project with the concept of decentralization. As you have said, the cost of gas at Uniswap is very high. I think PancakeSwap is another alternative. I am sure that PancakeSwap will be more successful than Uniswap in the future. If Ethereum can fix gas costs quickly, then the Uni will be more active, but if not, it will fall behind.

[Abiky]

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.

Most people prefer centralized services because they're easier to use and have a higher liquidity than their decentralized counterparts. As long as this is the case, don't expect decentralized solutions to go anywhere. We've seen this already with PancakeSwap despite being utterly centralized by design. The popular AMM is faster, and cheaper to use than Uniswap itself. For different needs and/or tastes, will be the type of platform to use for trading one token to another across the blockchain. Neither PancakeSwap nor Uniswap will replace each other because they have their respective advantages/disadvantages. I envision a future where many AMM platforms will co-exist for years to come. That is of course, if the underlying blockchain network remains actively supported by nodes, miners/validators, and individuals alike.

Nonetheless, I have high hopes that things will get better for Uniswap in the long run. The new V3 upgrade will improve performance by 1,000%. Regardless of ETH's network activity, Uniswap will be able to provide its users with low fees and fast order execution speeds. That's because Uniswap V3 will rely on an "off-chain" solution for scalability. This should solidify Uniswap's position as the leader of decentralized exchanges in the long term. PancakeSwap will remain behind Uniswap in terms of liquidity and mainstream adoption. But it'll be a nice alternative for anyone working on Binance Smart Chain. Just my opinion

[OgNasty]

Having used both services I would say that PancakeSwap obviously has a better user experience. As others have mentioned it’s hard to compete with centralized services. I think most people entering crypto and investing in this sort of space are less worried about decentralization and more concerned with fees which is why BNB and the BSC are doing so well compared to ETH/Uniswap.

[Enzo05]

For me who is a small-time trader I am avoiding exchange that has high transaction fees, unfortunately, uniswap has high transaction fee due to ETH gas fee. I think at this point Pancakeswap is the winner because of the cheaper transaction fee when using the exchange but I hope the upcoming update of Ethereum will solve the high gas price

[Cryptomiles1]

If ETH doesn't scale fast, Uniswap could lose a considerable amount of users as they flock into PancakeSwap. Of course, Uniswap is much more decentralized than PancakeSwap. But most people don't care about this, as they usually "follow the money".

This will definitely calls for urgent attention on Ethereum network since the inception of BSC network, though bsc will surely be sucking due to the increase in price for bnb. that is why most of the project today have configured and build their system in BSc/Eth network. now talking of the liquidity etc.
pancakeSwap will take over as it fastest way to make transaction and swapping.

[Bitstar_coin]

Even though I haven't use pancakeswape just yet, I have use uniswap and I must say that the experience was not pleasant as regards to the high transaction fees, you pay for virtually every move interacting with the exchange, 
If you are a small time trader, it will be very hard to use uniswap without paying high fees probably even higher than the whole value of your trade,

while with pancakeswape since it is on bsc with less fees I heard it is a lot cheaper, I think high fees is what majority of users will put into consideration when engaging with either one of the dex and go for the one with less fees.

[gullu]

In my opinion, at present uniswap is not good for  swapping small amount of token or eth . Because the gas fees are hugh. Only whales can afford that. Normal users who want to swap eth or tokens worth 500 dollars or less than that, uniswap is not a good option. But in other hand pancakeswap is very cheap. You just need to pay few cents as gas fee for swapping bnb or tokens. Always people look for cheap and better options and pancakeswap is providing that for common people.

[Abiky]

Having used both services I would say that PancakeSwap obviously has a better user experience. As others have mentioned it’s hard to compete with centralized services. I think most people entering crypto and investing in this sort of space are less worried about decentralization and more concerned with fees which is why BNB and the BSC are doing so well compared to ETH/Uniswap.

Low fees and blazing-fast order execution times is what makes PancakeSwap superior than Uniswap. User experience is what matters most in order to help boost adoption of crypto/Blockchain tech. People don't care about centralization as long as they're able to use a platform with ease. A high-performance AMM like PancakeSwap should attract more people into Binance Smart Chain. Ethereum better watch out, as BSC becomes a force to reckon with. At the time of this writing, Binance Coin is the third-largest cryptocurrency by market cap. It may be centralized, but adoption is growing like crazy. In a time where convenience/ease-of-use matters most, PancakeSwap proves to be the winner.

Of course, no other platform can match Uniswap in terms of liquidity and decentralization. This could be the reason why it's still the most popular AMM platform even with high fees and slow transaction processing times in play. It's no secret that the Ethereum blockchain has the most tokens on the market. Uniswap has benefited from ETH's massive adoption in the mainstream world, with a wide array of tokens to choose from. With V3 just around the corner, things will get interesting for Uniswap in the long run. Only time will tell us which platform will survive in a highly-competitive industry. Whenever it'll be Uniswap, PancakeSwap, or both, that's up to people to decide. Just my opinion