The FTX meltdown was one of the defining moments of the crypto industry, as it once again demonstrated the vulnerabilities of centralized systems, notwithstanding the crypto infrastructure on which they’re propped up. The success of De-Fi hinges on decentralization. Naturally, crypto users rushed to decentralized platforms like PancakeSwap and Uniswap in the aftermath of the FTX meltdown. However, a new decentralized exchange TMS Network (TMSN) is set to revolutionize the De-Fi space. Here’s how crypto analysts think TMS Network (TMSN) will overtake the incumbent dexes like PancakeSwap (CAKE) and Uniswap (UNI).
TMS Network (TMS) is Disrupting the Crypto Exchange Space
Despite the presence of decentralized exchanges like Uniswap and PancakeSwap, the crypto exchange industry is ruled by centralized exchanges like Binance and Coinbase. They command the lion’s share of crypto trading and investment transactions, indicating that the incumbent dexes have not managed to win over most crypto users. TMS Network (TMSN) intends to change that. TMS Network (TMSN) is a fast, secure, and cost-effective dex that offers users dependable services in a trustless ecosystem. TMS Network does not involve intermediaries, so traders do not have to pay middlemen fees. TMS Network users enjoy low-cost trading in a secure environment that prevents tampering.
TMS Network (TMSN) will also overcome the specific limitations plaguing Uniswap and PancakeSwap that prevent them from becoming full-fledged dex platforms. For instance, Uniswap is built on Ethereum (ETH) and supports trading only ERC-20 tokens. PancakeSwap, on the other hand, is built on Binance Smart Chain (BSC) and supports only BSC-based tokens. TMS Network (TMSN) will support all types of crypto tokens on its trading platform.
Uniswap (UNI) Continues to be the Most Popular Dex
Currently, Uniswap (UNI) has a market cap of over $5 billion, which makes it the biggest dex in the crypto industry. Uniswap solves the liquidity availability issue with staking and yielding rewards for investors while acting like an automated market maker (AMM) for traders. Uniswap’s approach enables it to execute trades almost instantly without requiring intermediaries. Recently, Uniswap released a new feature to support the trading of NFT tokens on its platform, making it convenient for NFT holders and NFT marketplaces to trade their assets affordably on the platform.
All major decisions regarding Uniswap’s future are made by Uniswap DAO. This decentralized governance system has won the trust and confidence of crypto users over the years. For these reasons, Uniswap continues to be an industry leader.
PancakeSwap (CAKE) is the Most Trusted Dex
Although PancakeSwap’s (CAKE) market cap is roughly 1/7th of that of Uniswap (UNI), its trading volume is only 33% lower. This indicates that PancakeSwap users are several times more active on Uniswap. PancakeSwap was launched recently in 2020 and also offers AMM services. Despite its short existence, PancakeSwap has managed to leapfrog into the list of top 100 cryptocurrencies by market cap. All of this indicates that PancakeSwap is one of the most trusted dexes in the crypto industry and has earned its nickname as the Uniswap-killer. However, with TMS Network in the picture, PancakeSwap is facing its biggest threat yet.
With TMS Network (TMSN) offering better speed, fees, and security than any other dex out there, PancakeSwap will be under pressure to innovate and provide better features to its users. Even then, it will be a challenging fight against TMS Network (TMSN) for PancakeSwap.
1000x ICO Opportunity Awaits You! The current price of TMS Network (TMSN) is $0.0047 in presale stage 1 and analysts predict it to be the next 100x token in early 2023.
The post TMS Network (TMSN) Aims to Replace PancakeSwap (CAKE) as Uniswap (UNI)-killer appeared first on Analytics Insight.