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As transaction fees on the Ethereum Network push new highs, the competition between smart contract-enabled blockchains is heating up. Ethereum has long been the go-to platform for decentralized applications (dApps). The network effect of Ethereum and Ethereum-based dApps has been a catalyst in creating an environment where developers can program money in innovative new ways. Without the success of Ethereum over the years, the demand for smart contract-enabled blockchains would likely be substantially lower. However, several new projects, including those established by founding members of the Ethereum team, have created compelling alternatives to the number one decentralized finance (DeFi) blockchain. Blockchain-based smart contract platforms are becoming fiercely competitive in their adoption and utility. But, what are the differences between these blockchains and smart contract development platforms?

Binance Smart Chain has been all the rage during the past few weeks. In fact, daily transactions on Binance Smart Chain overtook Ethereum last week. In addition to this, Binance Coin (BNB) has struggled for the place as the third-largest crypto by market cap with Tether in the past weeks. As such, it’s high time to take a look at all the DeFi buzz surrounding Binance Smart Chain, and to look closer at Binance Smart Chain’s BEP-20 token.

BakerySwap is a next-generation automated market maker (AMM) and decentralized exchange (DEX) on Binance Smart Chain (BSC). Powered by the native BakerySwap token (BAKE), BakerySwap is one of several new protocols to combine many popular features into a single, easy-to-use platform. By providing liquidity to the BakerySwap protocol, users earn BAKE rewards from trading fees. Also, BAKE can be used to vote in protocol governance proposals. BakerySwap is a multi-functional crypto hub that offers a range of decentralized finance (DeFi) services, along with a crypto launchpad and non-fungible token (NFT) supermarket.

Spartan Protocol is a community-driven automated market maker (AMM) that facilitates synthetic asset creation, incentivized liquidity, and asset swaps. One of many recent features of the ever-expanding Binance Smart Chain (BSC) and Binance ecosystem, Spartan Protocol uses the native SPARTA token as a common base asset across the platform. Furthermore, the SPARTA token creates an internal pricing system, meaning the project can operate without the use of external oracles.

In recent weeks, we have witnessed a huge surge in the participation and total value locked (TVL) in decentralized finance (DeFi). In particular, projects within the Binance ecosystem have seen a massive spike in users and popularity. Launched on Binance Smart Chain (BSC) in September 2020, BurgerSwap is a democratized automated market maker (AMM) built on Binance Smart Chain (BSC) with Binance Smart Chain MetaMask utility. It has since become a popular decentralized exchange (DEX) for cross-chain token swaps. Users of the BurgerSwap platform can swap between BEP-20 and ERC-20 tokens without friction. Also, the BURGER token allows users to participate in governance and earn BurgerSwap token (BURGER) mining rewards! Furthermore, this is achieved in a way that is familiar to users of popular DEXs such as Uniswap.

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?

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.

You might be forgiven for thinking that food-themed cryptocurrencies were just a ‘flash in the pan’, so to speak. To an extent, you may have even been correct. The yield farming frenzy during Summer 2020 produced several food-based yield farming protocols and tokens. PancakeSwap is a decentralized cryptocurrency exchange (DEX) built on Binance Smart Chain (BSC), powered by the BEP-20 Pancake token (CAKE). The CAKE token is one of several tokens used within the PancakeSwap protocol and made available for token swaps. Similar to Uniswap, PancakeSwap is an automated market maker (AMM) and decentralized application (dApp) that features liquidity pools where users can earn fees from staking, lending, and yield farming.

Binance is often referred to as the world's number one crypto exchange platform in terms of trading volume, however, this crypto giant offers far more than their reputable centralized exchange. Binance has created its own blockchains; decentralized exchange, charity and funding schemes, education academy, Trust Wallet, alongside research monitoring the latest innovations and market analysis within the crypto industry.

Binance is the world’s largest Bitcoin exchange in terms of trading volume and is reportedly the fastest-growing profitable unicorn start-up in history. However, there is much more to the ecosystem than just the exchange. There have been several very successful projects that have launched their initial token issuance through the Binance Launchpad. With each launch, more projects are attracting the eyes of investors.

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