PancakeSwap and CryptoBlades Boast Most Users Across DeFi

The Binance Smart Chain protocols appeal to different spaces of the market.

By
Dardania Havolli
on
August 4, 2021
Category:
BSC News

Binance Smart Chain Proving Fertile Ground For Innovation

CryptoBlades and PancakeSwap are the top two decentralized Applications (dApps) in terms of total users. CryptoBlades currently has over 380,000 users while PancakeSwap comes in second with nearly 267,000 users. Project user base totals recorded by Dapp Radar showed the totals over a week period.  

Binance Smart Chain (BSC) is proving an incredible testing ground for prospective Decentralized Finance (DeFi) projects and teams are not shying away from admitting it. 

“Low gas fees, reliability, stable and popular currency (BNB), and developer support.” This was the response of the CryptoBlades team in a spotlight interview with BSC Matthew in June, when asked about why they decided to build on BSC. 
“We have been impressed while working on Binance Smart Chain due to the responsiveness of their support, their willingness to give project creators a chance to be adopted on a wide market, and their continued ability to bring more users onto the chain,” the team continued.
Source

The recent rise of NFT gaming has seen CryptoBlades garner huge interest and propel itself to the summit of most used dApps. With PancakeSwap paying such close attention to optimising efficiency and adjusting farming rewards, they too have continued to reap the benefits.


GameFi Making Strides Forward

Along with Axie Infinity, CryptoBlades has benefitted from the trending Non-Fungible-Token (NFT) gaming market. Gaming projects attract an audience that is unique to their offerings. Combining gaming with blockchain technology allows players play-to-earn opportunities. 

Source: This chart shows 3 GameFi protocols in the top ten


How PancakeSwap Has Grown

PancakeSwap has grown their user base in a variety of ways. Their protocol has been forked by many BSC projects which indicates the quality of the code. 

The Decentralized Exchange (DEX) offers a variety of products which have increased their user base potential. These include token swapping, yield farming, and Automated Market Maker (AMM) functionality.

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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives.

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