Decentralized exchanges have come a very long way in a very short period of time. Only a few short years back, they were considered unreliable due to low liquidity, and the matter of their functionality was brought into question time after time. However, the explosion of the DeFi sector brought solutions for such issues, and more than that — the interest of the crypto industry.

These days, DEXes exist on numerous different chains, although the most popular ones can still be found on Ethereum and Binance Smart Chain. On Ethereum Uniswap is still the leading platform, although, when it comes to BSC, there are several contenders for the place of the best.

Many would say that PancakeSwap is the leader there, based on quality. However, while this may have been true at some point, it might be open to debate today due to a rapidly expanding new DEX, known as ApeSwap.

What You Need to Know About ApeSwap

ApeSwap was created because its developers noticed that the retail sector still doesn’t enjoy good enough services on existing DEXes. They decided to fill out this void and offer a premier trading experience to retail traders. The traders, of course, quickly noticed the quality of this service, hence the rapid surge of its growth.

ApeSwap is improving numerous aspects of the DEX experience, including passion, speed, attention to detail, innovation, and more. It actually functions as much more than a simple exchange, as it also serves as an AMM, a staking platform, and a yield farming platform, encompassing some of the most popular services in the entire DeFi sector under one roof. It is becoming a go-to place not only for traders, but also for HODLers who wish to use DeFi for passive income, but don’t want to have to deal with working on several different platforms to access them all.

Plus, ApeSwap has a highly reliable and competent team of dedicated developers who have plenty of experience in the crypto space. Naturally, the project also has its own native cryptocurrency, the token called BANANA, which allows staking, accessing pools, and earning new tokens as rewards.

So, why do we say that ApeSwap might be better than PancakeSwap? Well, in addition to everything else that was said, it is also worth noting that PancakeSwap is focusing on the top projects, due to their larger size, the fact that they were first movers, their relation to BSC, and more. Meanwhile, it is practically ignoring hundreds of smaller projects that still have just as great potential as the leading ones.

ApeSwap offers to provide a home for these promising projects, not afraid to welcome newcomers that have yet to reach their prime.

Features and Benefits of ApeSwap

Due to the DeFi services that it provides, ApeSwap is also a great place to earn passive income for anyone and everyone who wishes to invest in crypto and make money without exposing their funds to the risks associated with trading. This is still not a 100% risk-free solution, of course, as volatility of cryptocurrencies remains, and constantly threatens to crash the prices. But, compared to trading, it is infinitely safer, as users essentially only need to buy coins, lock them up, and wait.

Next, ApeSwap is also working on providing the infrastructure that will rival that of centralized platforms, only it doesn’t sacrifice decentralization in order to achieve this. For example, it is one of the first DEXes to introduce charting, with leverage and limit orders to follow soon.

Another thing to note is that ApeSwap’s sole existence also makes decentralized trading on BSC more decentralized. After all, if there is only a single exchange, that is half-centralized anyway (PancakeSwap was founded and backed by Binance), then decentralization of the entire ecosystem suffers. ApeSwap comes as a fully decentralized DEX, tipping the scales in the right direction. 

Plus, it offers features that can’t be found on PancakeSwap, such as GNANA — a BANANA derivative token that is used against whale activity. Then, there are NFTS, features like ApeStats that allow users to see their own activity, IAOs (Initial Ape Offerings), which is a new version of token offering. There are also pools and yield farming, as mentioned previously, which allow users to earn passive income.

In other words, ApeSwap has a massive amount of features, opportunities, and benefits to offer. Meanwhile, it only continues to grow, develop, and offer more and more, quickly becoming one of the most important trading platforms in the DeFi sector.