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It appears that the ever-growing Binance ecosystem has something competitive to PancakeSwap that can fuel mainstream DeFi adoption. With the traders getting accustomed to decentralized exchange platforms due to DeFi explosiveness, the current crypto landscape is flooded with various DEX platforms leveling up the ground to provide a comprehensive trading experience to users.
The massive DeFi activity on the Binance Smart Chain during the bullish phase swarmed the network with cutting-edge DEX platforms, bringing unparalleled functionality and providing various benefits to DeFi users. While BSC was on the ride to steal Ethereum’s thunder, the latter suffered from excessive amplification of limitations due to the overall DeFi growth. ApeSwap dived in as one of the powerful DEX platforms actively contributing to the development of the BSC ecosystem.
While other DEXes dominated the BSC ecosystem, ApeSwap emerged as a strong contender powered by technological innovation to drive the market.
Incepted as a platform built by “DeFi Apes for DeFi Apes,” the preeminent DEX platform has introduced two native tokens for its community, namely $BANANA & $GNANA. The former is a utility token, whereas the latter is an innovative derivative token to balance the activity on the native token.
Steering ApeSwap’s gear for DeFi adoption
ApeSwap introduced unique concepts such as cross-chain interoperability, liquidity pools, yield farming programs, Initial Ape Offerings, and Non-Fungible Apes to fuel considerable transformations in a quest to dethrone its competitors in the BSC ecosystem. The lack of these unique user-centric concepts resulted in driving TVL and user activity on ApeSwap beyond measure.
Apart from low fees, decentralization, and increased security, ApeSwap has an easy-to-use interface helping users to navigate seamlessly on the platform. Excluding the demons of centralization, ApeSwap’s myriad features allow users to swap tokens across chains, thus widening its spectrum to other ecosystems. It has recently expanded to Polygon Network. Crypto newbies can figure out plentiful options to earn lucrative rewards as the platform is engulfed with various incentivization structures to drive user activity.
ApeSwap has about 200 tokens listed with more than 1036 pairs that users can access. It supports many new tokens and is continuously innovating to drive mainstream adoption of DeFi in the BSC landscape. With privacy, security, transparency, and sustainability, it is solving some of the most significant dilemmas in the DeFi space.
Earlier this year, between May 2nd to May 8th, ApeSwap surpassed the weekly volume of $713.89 million advocating the excessive usage of DEX platforms as a sustainable choice for small traders, investors, and users. The AMM-based DEX platform ApeSwap also unlocked exclusive features allowing users to participate and win lucrative lotteries and partake allocations in hot projects listed on its platform. The NFA’s follow an auto-generated tier-based model wherein buyers are handsomely rewarded for holding limited NFA’s, thus gamifying the NFT experience for users.
As the popularity of the Binance Smart Chain increased incessantly amidst DeFi projects, ApeSwap’s steady growth represents how intuitive products make it easier for users to switch platforms.
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