PancakeSwap bypassed Uniswap in the value of blocked funds

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The value of blocked funds in the PancakeSwap protocol based on the Binance Smart Chain (BSC) exceeded $ 4 billion.

The leading decentralized Ethereum exchange Uniswap has a TVL of $ 3.73 billion at the time of writing.

Data: DeFi Pulse.

PancakeSwap has become the leader in TVL in the DeFi ecosystem on Binance Smart Chain. For a long time, the first line was occupied by the Venus landing project.

Data: Defistation.

The daily volume of BSC transactions was more than double that of Ethereum.

Daily number of transactions in the Binance Smart Chain ecosystem. BscScan data.

Dynamics of the number of Ethereum transactions. Etherscan data.

Significant activity in the new network is also evidenced by the rapid growth of unique addresses.

The likely reason for Ethereum’s stagnation is the demand for DeFi ecosystem apps from Binance and Huobi. Despite the low degree of decentralization, retail investors are attracted by the high transaction speed and low fees.

Aggregate TVL of applications powered by Huobi ECO Chain (Heco) reached $ 7.72 billion.

Data: DeFiBox.

In this ecosystem, Heco-analogue of Uniswap and PancakeSwap – LAVAswap is in the lead.

Earlier today, it became known that the SushiSwap platform, competing with Uniswap, based on the automatic market maker (AMM) mechanism, is launching on the Binance Smart Chain (BSC), Fantom, Polygon (formerly Matic), xDai Chain and Moonbeam Network networks.

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