{"id":232434,"date":"2021-04-21T21:34:29","date_gmt":"2021-04-21T18:34:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pancakeswap-eclipses-ethereum-network-in-24-hour-transactions\/"},"modified":"2021-04-21T21:34:29","modified_gmt":"2021-04-21T18:34:29","slug":"pancakeswap-eclipses-ethereum-network-in-24-hour-transactions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pancakeswap-eclipses-ethereum-network-in-24-hour-transactions\/","title":{"rendered":"# PancakeSwap eclipses Ethereum network in 24-hour transactions"},"content":{"rendered":"<p>&#8220;<strong># PancakeSwap eclipses Ethereum network in 24-hour transactions  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvYjI5Y2UxMGItNTAxNS00ZDllLTkwZmUtOGU0MTY4ZTEyOTI1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/24-hour-pancakeswap-transactions-eclipse-total-ethereum-transactions\">courtesy<\/a> of D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>Radar shows over 2 million transactions for PancakeSwap over a 24-hour period compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of the occurring over the same 24-hour period. <\/p>\n<p>The top five contributors were PancakeSwap, Mdex, Safemoon, PancakeBunny and Venus Protocol, Binance Chain Community confirmed earlier this week. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"ca\" dir=\"ltr\">Top 5 Txs contributors<\/p>\n<p>1. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PancakeSwap?ref_src=twsrc%5Etfw\">@PancakeSwap<\/a> <br \/>2. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Mdextech?ref_src=twsrc%5Etfw\">@Mdextech<\/a> <br \/>3. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/safemoon?ref_src=twsrc%5Etfw\">@safemoon<\/a> <br \/>4. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PancakeBunnyFin?ref_src=twsrc%5Etfw\">@PancakeBunnyFin<\/a> <br \/>5. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VenusProtocol?ref_src=twsrc%5Etfw\">@VenusProtocol<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dG3gdW3ibM\">https:\/\/t.co\/dG3gdW3ibM<\/a><\/p>\n<p>\u2014 Binance Chain Community (@BinanceChain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BinanceChain\/status\/1384350349775937537?ref_src=twsrc%5Etfw\">April 20, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Chef Hops, one of PancakeSwap\u2019s anonymous co-founders, told Cointelegraph that user retention has been at the center of their platform\u2019s tremendous success.\u00a0<\/p>\n<p>&#8220;PancakeSwap&#8217;s main strength has been being lucky enough to have an insanely supportive community, in addition to low fees, and a focus on making the most user-friendly, fun experience possible,\u201d they said, adding:<\/p>\n<blockquote><p>\u201cUser retention is extremely high overall, stemming from the fact that it is very hard for users to return to an environment in which they are paying 100x more on transaction fees alone.&#8221;<\/p><\/blockquote>\n<p>PancakeSwap is the first billion-dollar project to launch on the Binance Smart Chain, which is a testament to the growth of decentralized exchanges. The price of CAKE, the platform\u2019s native token, has skyrocketed more than 4,500% since the start of 2021. It currently trades at $28.00, having gained 17% over the past 24 hours. <\/p>\n<p>Like Uniswap, PancakeSwap provides an easy entry point into the emerging world of DeFi. Investors looking to capitalize on volatile but potentially rewarding DeFi projects flock to these decentralized exchanges in hopes of acquiring assets before they\u2019re listed on major exchanges. <\/p>\n<p>In terms of daily volume, PancakeSwap is reportedly the third-largest decentralized exchange behind MDEX and Uniswap. <\/p>\n<p>PancakeSwap recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pancakeswap.medium.com\/the-great-migration-vote-4093cb3edf23\">announced<\/a> that it plans to migrate to version-2 of its protocol on Friday, April 23, 2021 beginning at 5:00 a.m. UTC. \u201cAfter the migration, PancakeSwap will stop giving out rewards for the old type of LP Tokens, and start giving rewards for the new type of LP Tokens,\u201d the company said. Users will have the opportunity to vote for one of four fee structures.<\/p>\n<p>Chef Hops described version 2 as a \u201cfridge full of goodies\u201d as opposed to a single product offering. That means users can expect \u201cnew product offerings and user incentives\/rewards along with adding new ingredients to some of our existing products in order to take them to the next level.&#8221;<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/pancakeswap-eclipses-ethereum-network-in-24-hour-transactions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# PancakeSwap eclipses Ethereum network in 24-hour transactions &#8221; Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap over a 24-hour period compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of the occurring over the same 24-hour period. The top&#8230;<\/p>\n","protected":false},"author":1,"featured_media":232435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvYjI5Y2UxMGItNTAxNS00ZDllLTkwZmUtOGU0MTY4ZTEyOTI1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,97532,74877,74868,75916,88700],"class_list":["post-232434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-bsc","tag-decentralized-exchange","tag-defi","tag-dex","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/232434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=232434"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/232434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/232435"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=232434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=232434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=232434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}