The Binance Smart Chain powered DEX has surged in popularity in recent months as DeFi newbies flock to the platform to avoid paying heavy gas fees on Ethereum.
Figures from on-chain data providers indicate that the record figures for BSC and PancakeSwap have indeed surpassed that of the Ethereum network, despite its record price high of $3,100 today.
PancakeSwap’s analytics dashboard does not appear to be updating TVL and volume figures, but its daily transaction count is currently a whopping 1.93 million.
Binance CEO Changpeng Zhao never misses an opportunity to plug the exchange-based ecosystem and bash its rivals.
— CZ 🔶 Binance (@cz_binance) May 2, 2021
His ETH bashing continued on May 2 with these comments:
“Eth is the ultimate utopian