Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
PancakeSwap has seen a lot of interest in recent weeks. Essentially a clone of Uniswap, PancakeSwap provides a very similar user experience to Uniswap. However, with rising Ethereum transaction fees and network congestion, a serious automated market maker (AMM) competitor was bound to emerge. There have been several attempts to copy the #1 AMM on Ethereum. However, the first-mover advantage and strong fundamentals have kept Uniswap in the spotlight for several months. Until recently, that is, when PancakeSwap rose to prominence seemingly overnight. The space has seen a huge wave of adoption and trading volume galvanized by the Binance Smart Chain community. But, how do PancakeSwap vs Uniswap stack up against each other?
In this article, we’re going to explore the PancakeSwap and Uniswap AMM platforms and weigh the pros and cons of each. Also, we’re going to explore how these platforms rose to the top as the two DEXs with the highest trading volume. Furthermore,...
The decentralized finance (DeFi) ecosystem is growing at an exponential rate, with the Total Value Locked (TVL) extending from a little over $1 billion to $40 billion in just the past year (according to DeFi Pulse). While these kinds of numbers are great for people who got in early, the inflated prices can make it feel like one has already missed that boat. If you feel it’s too late to catch the DeFi train on Ethereum, there are some other promising projects on the Binance Smart Chain.
The Binance Smart Chain is still a new platform and could be the place to find projects that haven't already skyrocketed out of reach in this bull run. Consequently, it can be worth it to inspect the Binance Smart Chain more in detail.
Nevertheless, before we look at any individual projects, let's first take a look at Binance and the Binance Smart Chain, to find out exactly what the Smart Chain does.
Most people know Binance as the largest...
The launch of the Injective Protocol has caused a wave of headlines and speculative video content across the crypto ecosystem. The project appears to have solid foundations with a credible team of developers and advisors, who have previously worked in large tech or other blockchain projects. The whitepaper for Injective Protocol was released in December 2018, avoiding the ICO hype, successfully receiving funding from venture capital firms, other DeFi platforms, and a public IEO through the Binance Launchpad.
The Injective Protocol team has been busy developing the latest tweaks and updates to ensure quality efficiency with the protocol, evident from the history of activity on their Github profile. Injective Protocol is the first successful project that has been developed and launched through both the Binance Labs and Binance Launchpad. So, what is it that makes Injective Protocol more than just another DEX?
In this article, we’ll explain how the protocol works, the token...
A decentralized exchange, or more commonly a “DEX”, is one of the most fascinating aspects of the DeFi revolution. As you may already know, DeFi, is a movement wherein developers create decentralized alternatives of various traditional legacy financial institutions and products. The DEX is the decentralized version of an exchange, such as a crypto exchange. Before we answer the “what is a decentralized exchange” question, let’s learn about traditional exchanges and its many flaws.
Centralized cryptocurrency exchanges are often the first point of contact that people have with the crypto world. The chances are that if you have cryptocurrency, you must have bought it from one of these exchanges. The exchanges act as a portal between the “real” world and the crypto world.
Now, don’t get us wrong. While they have plenty of flaws, they certainly have some advantages, as well.
The Kyber Network offers a way to swap ETH and other ERC-20 tokens instantly without a centralized exchange (CEX). Kyber’s popularity has soared in 2020. In fact, the popularity of Decentralized Finance (DeFi) as a whole has. Just look at how the total value locked in US dollars has grown over the past few years:
The DeFi ecosystem consists of decentralized exchanges, insurance, stablecoins, synthetics, and money markets. Today, however, we will be focused on decentralized exchanges—specifically the Kyber Network—a fully on-chain liquidity protocol.
If you read the previous article, “Decentralized Exchanges – What Is A DEX?” then you already know some of the advantages of trading on a DEX. They are:
While token prices in the crypto market have been sleepily drifting sideways, for the most part, decentralized finance (DeFi) has been pumping and is currently the most exciting place to be. And decentralized exchanges (DEXs) are part of that ecosystem.
A DEX, or decentralized exchange, is mainly a type of cryptocurrency exchange. It operates like a stock exchange, except it is run by a smart contract on the Ethereum blockchain that enforces rules and executes trades. Users can trade cryptocurrencies and DEXs do not require a centralized authority to operate, but they do need access to a reliable source of liquidity to service their users.
To better understand how they operate, let’s compare a DEX to a centralized exchange (CEX).
Financial exchanges are where users buy and sell financial assets. Traditionally, the CEX takes orders from buyers and sellers and takes custody of their assets. DEXs do the same thing but without...