PancakeSwap eclipses Ethereum network in 24-hour transactions
Transactions on Binance Smart Chain are exploding, with PancakeSwap leading the way. PancakeSwap, a syrupy rabbit-themed decentralized exchange that calls the Binance Smart Chain its home, has surpassed the entire Ethereum network in terms of transaction volume over a 24-hour period.Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of them occurring over the same 24-hour stretch. The top five contributors were PancakeSwap, Mdex,....
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In 2021, the Robonomics team entered into a partnership with Anyswap and developed the bridge of $XRT ERC-20 to BEP-20 launch. It allows starting XRT trading on PancakeSwap, the biggest DEX on BSC, on March 16th. Robonomics is a decentralized open-source platform built on top of Polkadot & Ethereum for robotics and IoT. Being founded in 2015, the Robonomics Network has become a big part of the 4th industrial revolution. The principal goal of the […]
The world's third-largest cryptocurrency continues to gain traction across the globe. Binance, the world's largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain (BNB) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020. According to BscScan, the daily number of transactions on the blockchain recently surged to over 10 million — just shy of its all-time record high of 13 million back on July 29. There also appear to be more than 108 million unique....
PancakeSwap’s DEX volume has grown by 350% in six weeks, causing its CAKE token rally 444% and the platform appears on track for even larger gains. Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20.By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is quite similar to Uniswap's liquidy pools which are automated by smart contracts.In addition to its....