Decentralized finance has taken a backseat to non-fungible tokens over the past month, but this hasn’t stopped DeFi’s major projects from developing and devising strategies to grow their ecosystems and market share.
SushiSwap Releases V1 Of The Long-awaited Kashi Release
One project that has overtaken the field in recent times is PancakeSwap (CAKE), the Binance Smart Chain-based Automated Market Maker (AMM) that allows users to trade tokens and earn a share of fees through yield farming.
Monthly commercial volume on PancakeSwap. Source: Delphi Digital According to a recent report from Delphi Digital, several factors have played an important role in helping the PancakeSwap ecosystem grow in recent months and analysts predict that the protocol will remain a serious competitor to Uniswap.
One project that has overtaken the field in recent times is PancakeSwap (CAKE), the Binance Smart Chain-based Automated Market Maker (AMM) that allows users to trade tokens and earn a share of fees through yield farming.
PancakeSwap (CAKE) aims to take a slice of Uniswap’s domain in the DeFi space.
