The biggest problem on Ethereum network today is always very congestion, as many users trade over Ethereum chain and plenty of defi projects are developed as part of its ecosystem which inevitably brings huge traffic over Ethereum network. Gas fee is too expensive and becomes unaffordable. Is there any other option today? I would like to recommend PancakeSwap, because the trading fees are really cheap so people could trade as much as they like without worry about the expense. More importantly, PancakeSwap is a nice defi platform which integrates a couple of functionality with very user-friendly interface.

PancakeSwap runs on Binance Smart Chain. Therefore, be sure to switch the network to Binance Smart Chain with your wallet connected. Let’s take a quick look at the major features in which most people are interested.

• Swap function. PancakeSwap is a DEX for BEP20 token swap. The good thing is that swap fee is considerably cheaper than ERC20 token swap such as Uniswap.
• Stake feature. PancakeSwap has a Syrup Pool for users to stake their assets to earn new tokens.
• Yield farming. For those who provide liquidity for PancakeSwap, they will receive the LP token, which can be deposited to earn CAKE tokens. CAKE token is the native token of PancakeSwap.
• Lottery

According to CoinMaketCap daily trading volume on 20th Feb 2021, we see the DEX ranking of PancakeSwap is the number two. It is amazing that its TVL raises dramatically and has exceeded Uniswap. We know the main reason is due to high gas fees on Ethereum network, and as a result, many defi users start to move to another platform like PancakeSwap to save money.

Generally speaking, PancakeSwap is an alternative way for defi traders. For those who are familiar with trading on the Ethereum chain, it is pretty easy to use PancakeSwap. No matter staking, farming or simply doing token swap, people are benefit from saving fees as well as doing their crypto investment.