Ignas | DeFi Research
Ignas | DeFi Research

@DefiIgnas

4 Tweets Apr 05, 2023
Pancakeswap overtook Uniswap by TVL.
And Pancakeswap might soon overtake Curve as well, becoming the No. 1 DEX in #DeFi
The flippening we haven't talked about.
It seems that Pancakeswap's multi-chain strategy is working.
Interestingly, Pancakeswap's own analytics shows different data: $2.69b on BSC + $9.53M on Ethereum.
But there's a disclaimer that "PancakeSwap Info is currently under maintenance. Data may not be accurate or up-to-date."
So @DefiLlama data is accurate?
As noted by @Dynamo_Patrick, this Pancakeswap TVL data includes $CAKE staking.
Without the staking PCS is still behind Uniswap by $640m USD.

Loading suggestions...