PancakeSwap vs Uniswap: Difference and Comparison

In the present scenario, the crypto community is expanding, with people adding every day at a high rate. Many platforms have been introduced to the crypto community, including PancakeSwap and Uniswap.

Key Takeaways

  1. PancakeSwap is built on the Binance Smart Chain, while Uniswap is built on the Ethereum blockchain.
  2. PancakeSwap has lower fees and faster transaction times than Uniswap.
  3. PancakeSwap has a native token called CAKE, while Uniswap has a native token called UNI.

PancakeSwap vs Uniswap

PancakeSwap is a platform based on Binance smart chain. It was released in 2020. Its transaction cost is low. UniSwap was released in 2018. Most people use this platform to exchange cryptocurrency tokens. It also provides automated solutions to resolve issues related to liquidity. In UniSwap, users can create liquidity pools.

PancakeSwap vs Uniswap
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PancakeSwap is a decentralized exchange that runs on Binance smart chain. Pancakeswap was introduced on 20th September 2020.

Uniswap is the most famous platform for decentralized crypto exchange, and it runs on the Ethereum blockchain. It enables the automated exchange of several cryptocurrency tokens.

Comparison Table

Parameters of comparisonPancakeSwapUniswap
TVL (total value locked)TVL for PancakeSwap is$6.5 billion.TVL in Uniswap exchange is$7.6 billion.
Transaction costLower transaction cost.Significantly rising every day.
No. of listed tokensListed around 200 crypto tokens.Listed more than 1600crypto tokens
Runs onOperates on Binance Smart Chain.Operates on Ethereumblockchain.
Launch timeLaunched on 20 September 2020.Launched on 2 November 2018.

What is PancakeSwap?

PancakeSwap is a decentralized exchange (DEX) platform that runs on Binance smart chain, which is somewhat similar to Uniswap, but it provides many other features other than the core features of Uniswap.

It was built on an automated market maker (AMM) system, a system that completely depends on user-fueled liquidity in order to allow crypto trades to take place.

These LP tokens can be used to reclaim the tokens by the liquidity providers that were deposited in any of the liquidity pools along with a part of the generated PancakeSwap fees.

It has a feature allowing users to bring tokens from other platforms via the Binance Bridge and wrap them into the BEP-20 token to be used in PancakeSwap DEX.

What is Uniswap?

Uniswap was founded by Hayden Adams and was launched on 2 November in the year 2018. Uniswap was built on the Ethereum blockchain, and it was the most famous platform for the exchange of cryptocurrency tokens.

It gained recognition within a short period due to its automated solutions that were used to solve the liquidity issues that other platforms could not solve back in the years before 2018.

It also has a feature that removes the identity requirements of the users so that any of the users have the authority to create their own liquidity pools for any crypto tokens they hold.

Main Differences Between PancakeSwap and Uniswap

  1. PancakeSwap runs on Binance Smart Chain, whereas Uniswap operates on Ethereum blockchains.
  2. Uniswap launched in 2018 on 2nd November, whereas PancakeSwap was launched in 2020 on 20th September. Thus, Uniswap had 2 years ahead of PancakeSwap and expanded so vastly.
Difference Between PancakeSwap and Uniswap
References
  1. https://cryptome.org/0005/bitcoin-who.pdf
  2. https://elibrary.ru/item.asp?id=32747722
  3. https://arxiv.org/abs/1911.03380
  4. https://mpra.ub.uni-muenchen.de/id/eprint/103925

Last Updated : 27 June, 2023

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