BSC News

Uniswap Approaches $50M in Weekly Exchange Volume on BNB Chain

Uniswap has posted healthy numbers during its first 10 days on BNB Chain, but its activity right now is a fraction of chain leader PancakeSwap’s.

The Beginning of the Uniswap Era on BNB Chain

Uniswap is making inroads into Decentralized Finance (DeFi) on BNB Chain, as the swap volume on the Decentralized Exchange (DEX) approaches the $50 million mark in the past week.

Source: DefiLlama

The weekly volume catapulted Uniswap into seventh place among all BNB Chain DEXes, which overall posted a decrease in exchange activity of more than 40% in the past week.

According to DefiLlama, the volume on Uniswap has hovered around $7 million per day since its launch on March 16.

Source: DefiLlama

In terms of Total Value Locked (TVL), Uniswap’s TVL of $10.5 million puts it in 13th place among BNB Chain DEXes.

The Battle of the DEXes on BNB Chain has just begun, but after 10 days Uniswap hasn’t yet registered as much more than a blip against dominant DEX PancakeSwap, posting about 3% of the PancakeSwap’s exchange volume and less than half a percent of PancakeSwap’s TVL.

So far ….

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 |

What is PancakeSwap:

PancakeSwap is a multichain Decentralized Exchange (DEX) built on BNB Chain and available 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 |

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 |

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