Battle of the DEXes: Uniswap v3 Goes Live on BNB Chain

Uniswap on BNB Chain

The biggest Decentralized Exchange (DEX) in crypto has entered the arena, setting up an epic Battle of the DEXes on BNB Chain. Uniswap v3 officially went live on BNB on March 15.

The deployment of Uniswap on BNB occurred after a clear majority of $UNI holders voted in favor of the expansion in February. The move from Uniswap is noteworth not only in that it brings serious competition to long-dominant Decentralized Finance (DeFi) protocol PancakeSwap, but it is the first time that Uniswap is entering a major blockchain with such a strong rival already ensconced.

The announcement from Uniswap attracted the attention of the biggest name in BNB Chain, Binance CEO Changpeng Zhao (CZ) himself.

While Uniswap is the biggest, newest bully on the block, the BNB Chain DEX environment has become increasingly competitive in 2023, with the arrival of Trader Joe, the presence of ApeSwap, BiSwap and DODO, and the emergence of native protocols such as Thena, Baby Doge Swap and Wombat Exchange.

The PancakeSwap chefs didn’t get to the top of the BNB Chain mountain by resting on their spatulas, of course. They are putting ambitious plans of their own in action, including expanding to Aptos and Ethereum, as well as debuting their Market Maker Integration feature to reduce costs when swapping the most popular coin pairs.

Perhaps the decisive move in the Battle of the DEXes for the chefs will be when they launch PancakeSwap v3 in April. (PancakeSwap started out as a fork of Uniswap v2.)

To prepare for the v3 launch, PancakeSwap is offering a $135,000 airdrop to liquidity providers, including the chance to win a special V3 Early Supporter NFT – appearing as a crowned bunny superhero chef standing astride a stack of $CAKE and pancakes.

Nobody knows how any single protocol will fare during this Battle of the DEXes, but the diversification of platforms and invigorating influence of competition should be considered healthy for the BNB Chain DeFi ecosystem as a whole.

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What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

Website | Twitter | Discord | Telegram | GitHub |

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What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub |

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What is Uniswap:

Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps.

Much of the progress made in Ethereum-based DeFi expansion is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.

Where to find Uniswap:

Website | Twitter | Discord |