The inception of blockchain technology brought in realistic use-cases laying a strong foundation for the modern financial landscape. Its applicability in DeFi has levelled up the financial game providing users a range of offerings including trading, banking and insurance. This wouldn’t have been possible without Ethereum’s functionality to provide the ability to deploy smart contracts and create Dapps.
With the ever-growing Ethereum ecosystem, DeFi was accessible to the users in that particular ecosystem. However, to bring in adoption, it was important to expand the scope of DeFi to other ecosystems. One such is the Binance Smart Chain. With increased network activity, low transaction costs and EVM compatibility, BSC has been one of the promising chains to drive DeFi adoption.
ApeSwap excels as one of the incredible projects in the Binance Smart Chain ecosystem leveraging its powers to fuel a technological impact through its DEX solution. As a utility based project, its DEX platform is all set to outplay the market.
What is ApeSwap?
Forked from Pancakeswap, Apeswap is a premier DEX trading platform with AMM mechanisms, yield farming and staking on the Binance Smart Chain. It has a unique disposition to bring outstanding technologies to the BSC space, thus a platform built by “DeFi Apes for DeFi Apes”. The platform is backed by its native token $BANANA which is the key incentivization structure to the platform.
It is one of the commonly used DEX platforms on the BSC due to intuitive features of cross chain operability, farming activities, lucrative yields, and innovative derivative tokens.
The core team behind ApeSwap holds extensive experience in the field of crypto and technological innovation, therefore fuelling its celestial mission of driving DeFi adoption in the BSC ecosystem. The project aims to become the ultimate DEX platform in the forthcoming years by driving increased TVL and performance.
ApeSwap’s unique functionalities bring a…