Uniswap Vs Pancakeswap: A Comparative Analysis Between Top Two DEX Platforms

Pancakeswap and Uniswap both are the most popular decentralized exchanges (DEXs) by trading volume. Even though they both function quite similarly, There were some differences between those two exchanges. In this blog, we are going to discuss the major differences between those exchanges.

Uniswap Vs Pancakeswap:

Network - Coming to the network, Uniswap was built on the Ethereum blockchain, whereas PancakeSwap was built on the Binance Smart Chain (BSC).

Token - Uniswap is an automated liquidity protocol that allows for the creation and trading of ERC-20 tokens. UNI token is the native token on Uniswap.
PancakeSwap, on the other hand, is an automated liquidity protocol for BEP-20 tokens. CAKE Token is the native token on Pancakeswap.

Metrics - Uniswap currently supports 8,200+ trading pairs, which is nearly ten times the number supported by PancakeSwap. Uniswap has $886.64M+ in daily trading volume, while PancakeSwap has $576.19M+ and Uniswap has $1.49B in total liquidity, while PancakeSwap has $3.45B.

Fees - Due to higher gas fees, Uniswap charges slightly higher fees for token swaps than PancakeSwap. Pancakeswap charges Trading fees of 0.20% per transaction and it does not charge any transfer or withdrawal fees other than the network fees. Whereas, Uniswap charges 0.3% as Liquidity Provider Fees for swapping tokens. And it does not charge any protocol fees

Integration with wallets - Both Uniswap and PancakeSwap necessitate the use of a browser wallet extension. The most popular is MetaMask, which is simple to install and use.

Pancakeswap or Uniswap — Final thoughts

There are plenty of cryptocurrency exchanges in the world. It is a little difficult to find out which is the best one. Uniswap and PancakeSwap both exchanges are both the biggest DEX platforms in the world. Both are better exchanges. Both exchanges have their own advantages.

Advantages of Pancakeswap

• Cheap and fast to use
• Huge offer of tokens
• Staking and yield farming options

Advantages of Uniswap

• Flawless security history
• Greater trade volume
• Most liquidity for ERC-20 tokens

Source: Comparison Between: Pancakeswap vs Uniswap

I hope the above details were useful for you to choose the best one based on your business needs. But who can assist in building like these ones? You can contact any DeFi Development Company that can assist you by providing a Pancakeswap Clone Script and Uniswap Clone Script.