PancakeSwap Overtakes Uniswap Through Binance Alpha Integration
PancakeSwap Overtakes Uniswap Through Binance Alpha Integration
🥞 PancakeSwap Flips Uniswap
Binance's new Alpha platform has transformed DEX orderflow by directing token generation events (TGEs) to BNB Chain via PancakeSwap v3. The initiative has generated $75B in volume and led to a 539% quarter-over-quarter surge on PancakeSwap.
Key points:
- Projects now favor BNB Chain for launches due to routing depth and incentive structure
- Trading routes through BNB/USDC and USDT pairs boost overall volume
- Only 4% of Alpha tokens reach Binance spot listings
- 1bps pool requirement leads to minimal LP returns
Challenges remain with airdrop farming causing early selloffs and poor LP economics despite strong volume growth.
1/ Welcome to the first edition of Arrakis Research – a weekly deep dive into the mechanics driving onchain markets (Data sourced via @Dune). We begin with a major shift in DEX orderflow: How @PancakeSwap flipped Uniswap by leveraging @Binance’s exclusive TGE pipeline.
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