Data from market data analysis tool Messari shows that Uniswap is winning the decentralized exchanges (DEXes) battle against PancakeSwap.Earlier this year, PancakeSwap briefly became the number one DEX by volume. But thanks to Polygon and its lower gas fee structure compared to layer 1 Ethereum, Uniswap has seen off the challenge.PancakeSwap unable to sustain its riseThe … [Read more...] about Data shows Polygon (MATIC) has reversed PancakeSwap’s (CAKE) rise
CAKE
How To Buy Cake Crypto Coin?
If you want to buy CAKE crypto coin is because you have heard about several topics such as decentralized finance (DeFi), Automated Market Makers (AMM), liquidity pools (LP), shield farming and many others. If you didn’t hear about these topics, then do not be worried, we will go through them in this post. There are two main ways of buying Cake crypto coin. The first way is by … [Read more...] about How To Buy Cake Crypto Coin?
BTC, ETH, BNB, XMR, CAKE
Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC) from its all-time high at $64,849.27 does not seem to have scared novice traders. Data from DappRadar shows that decentralized exchange volumes have picked up in the last week as traders may … [Read more...] about BTC, ETH, BNB, XMR, CAKE
Bitcoin rallies to $58,000 while PancakeSwap (CAKE) crosses $6 billion TVL
Bitcoin surged on Monday following a choppy weekend that saw the asset plunge to as low as $50,290. It trades over $58,000 at press time amidst a broader price rise in the crypto market on the back of an announcement by Visa.As the below image shows, the asset trades above its 34-period exponential moving average—a tool used by traders to determine the market trend—meaning … [Read more...] about Bitcoin rallies to $58,000 while PancakeSwap (CAKE) crosses $6 billion TVL
PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance
Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM) that allows users to exchange … [Read more...] about PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance