{"id":25534,"date":"2022-08-10T15:27:21","date_gmt":"2022-08-10T15:27:21","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25534"},"modified":"2022-08-10T15:27:21","modified_gmt":"2022-08-10T15:27:21","slug":"can-baby-doge-coin-challenge-pancakeswap-as-bnbs-top-dex","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25534","title":{"rendered":"Can Baby Doge Coin Challenge PancakeSwap as BNB\u2019s Top DEX?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>If the new swap gives a good user experience, its use by the huge Baby Doge community may make it a major DEX player.<\/p>\n<div>\n<h2>PancakeSwap, BNB DEX King<\/h2>\n<p>Can any platform possibly dethrone <a target=\"_blank\" href=\"https:\/\/www.bsc.news\/post\/pancakeswap-defi-amm\" rel=\"noopener\">PancakeSwap<\/a> as the top <a target=\"_blank\" href=\"https:\/\/www.bsc.news\/post\/cryptonomics-decentralized-exchanges-dex\" rel=\"noopener\">Decentralized Exchange (DEX)<\/a> on <a target=\"_blank\" href=\"https:\/\/www.bsc.news\/post\/cryptonomics-beginners-handbook-to-bsc-defi\" rel=\"noopener\">BNB Chain<\/a>? Backed by its huge meme-loving community, <a target=\"_blank\" href=\"https:\/\/babydoge.com\/\" rel=\"noopener\">Baby Doge Coin<\/a> is going to take a shot.<\/p>\n<p>PancakeSwap has long reigned as the most popular DEX on BNB. The platform leads other BNB Chain <a target=\"_blank\" href=\"http:\/\/bsc.news\/post\/what-is-decentralized-application-dapp\" rel=\"noopener\">Decentralized Applications (dApps)<\/a> in terms of Total Value Locked (TVL), trade volume and the number of users.<\/p>\n<p>The massive hype in the <a target=\"_blank\" href=\"https:\/\/www.bsc.news\/post\/why-pancakeswap-is-the-most-innovative-and-robust-binance-smart-chain-protocol\" rel=\"noopener\">early days<\/a> of BNB Chain was largely due to the success of PancakeSwap. At one point, Pancakeswap seemed synonymous with BNB Chain. Not a few people incorrectly thought that PancakeSwap was the native DEX of BNB Chain at the time.<\/p>\n<figure style=\"padding-bottom:56.25%\" class=\"w-richtext-align-fullwidth w-richtext-figure-type-video\">\n<\/figure>\n<p>At the time of writing, data from <a target=\"_blank\" href=\"https:\/\/dappradar.com\/rankings\/protocol\/binance-smart-chain\/category\/defi\" rel=\"noopener\">DappRadar<\/a> shows that PancakeSwap has a 30-day incoming transaction volume of more than $2.5 billion, and at least 2 million users each month. (Second is BiSwap with $1.1 billion in volume and 1inch Network with 73,000 users.)<\/p>\n<p>Data from <a target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/BSC\" rel=\"noopener\">DefiLlama<\/a> shows that PancakeSwap has $3.3 billion in TVL, accounting for about half of the value on the entire BNB Chain. (Second is Venus Protocol with $713 million in TVL.)<\/p>\n<p>Arguably, there is hardly any BNB Chain user who does not swap tokens on PancakeSwap now and then.<\/p>\n<p>&#x200d;<\/p>\n<h2>New Competition From Baby Doge<\/h2>\n<p>It\u2019s a tall order, but if anybody is going to challenge PancakeSwap for its top position on BNB, maybe it\u2019s leading meme project Baby Doge Coin.<\/p>\n<p>During an Ask-Me-Anything (AMA) Telegram session on Aug. 5, the Baby Doge team gave details of features on its upcoming swap procol.<\/p>\n<p>On Aug. 10, Baby Doge announced in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/BabyDogeCoin\/status\/1557154006748758017?s=20&amp;t=MIB7OFV7DzL2tY28tGpkYw\" rel=\"noopener\">Tweet<\/a> that the Baby Doge Swap testnet will go live on Aug. 15 or possibly a day earlier.\u00a0<\/p>\n<div class=\"w-embed w-script\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BabyDoge is honored to announce our swap is complete!<\/p>\n<p>We invite the entire community to join us when TestNet goes live, Tues 8\/15<\/p>\n<p>We will launch a day early if this tweet gets 15k retweets!<\/p>\n<p>100 random people who RT may get an invite to be a beta tester<a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BabyDogeSwap?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#BabyDogeSwap<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BabyDoge?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#BabyDoge<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/nUWM99kKct\" rel=\"noopener\">pic.twitter.com\/nUWM99kKct<\/a><\/p>\n<p>\u2014 Baby Doge (@BabyDogeCoin) <a target=\"_blank\" href=\"https:\/\/twitter.com\/BabyDogeCoin\/status\/1557154006748758017?ref_src=twsrc%5Etfw\" rel=\"noopener\">August 9, 2022<\/a><\/p><\/blockquote><\/div>\n<p>As shared during the AMA, some of the swap\u2019s features will include:<\/p>\n<ul role=\"list\">\n<li>A percentage of swap fees will be used to buy back and burn <a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/baby-doge-coin\/\" rel=\"noopener\">$BabyDoge<\/a>.<\/li>\n<li>Access to the web-based dApp via TrustWallet, Metamask, etc.<\/li>\n<li><a target=\"_blank\" href=\"http:\/\/bsc.news\/post\/why-defi-is-poised-to-explode-in-the-2020s\" rel=\"noopener\">Decentralized Finance (DeFi)<\/a> utilities such as swapping, yield farming, staking, voting, migrating, <a target=\"_blank\" href=\"https:\/\/www.bsc.news\/post\/cryptonomics-non-fungible-tokens-explained\" rel=\"noopener\">NFT<\/a> staking, and more.<\/li>\n<li>Swap fees as low as 0% for smaller partner projects who set up farms. However, normal fees will apply to blue-chip pairs.\u00a0<\/li>\n<li>An integrated fiat-on-ramp Simplex widget which will enable users to purchase crypto with debit cards.<\/li>\n<li>Wallet connections with popular providers such as Metamask, Trustwallet, Mathwallet, Coin98, Safepal, Wallet Connect, etc.<\/li>\n<li>Projects that deploy farms can adjust lock times and withdrawal fees.<\/li>\n<li>The swap protocol is audited by Certik.<\/li>\n<li>At launch, users will be able to swap top tokens on BNB Chain, while additional pairs for BNB, BTC, BUSD, USDT, ETH, etc will be added soon after.\u00a0<\/li>\n<\/ul>\n<figure style=\"max-width:1600pxpx\" class=\"w-richtext-align-fullwidth w-richtext-figure-type-image\">\n<div><img decoding=\"async\" src=\"https:\/\/global-uploads.webflow.com\/5fad86e2327507cecea2d5e8\/62f3b257576df92c7f7a5fcf_F-0WAGlKNzI0s2h7OPI92GyvcPU1-L18i28Efy0_FdZyGLgMd9og9Z-0EzxczMia2Q559c8XAp33UNw5pvk23AFqLhiN-FwDeu3PSLTr-UmUoBCI2HCvL5zpG37CKJpxGYePll2MD7cXuyoi6QlacrU.jpeg\" alt=\"\" \/><\/div><figcaption><a target=\"_blank\" href=\"https:\/\/twitter.com\/BabyDogeCoin\/status\/1542175171460603905?t=JOT4bbd_Wa-E7T1yhqL8Vw&amp;s=19\" rel=\"noopener\">Source<\/a><\/figcaption><\/figure>\n<p>The Baby Doge team will embark on an aggressive marketing drive preceding the launch of its swap.<\/p>\n<p>For the complete summary of the AMA, here is the <a target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/BABYDOGEARMY\/comments\/wjgwan\/recap_of_telegram_ama_5th_of_august_2022\/?utm_source=share&amp;utm_medium=web2x&amp;context=3\" rel=\"noopener\">Reddit<\/a> recap.<\/p>\n<p>Baby Doge Coin currently has 1.6 million token <a target=\"_blank\" href=\"https:\/\/bscscan.com\/token\/0xc748673057861a797275CD8A068AbB95A902e8de\" rel=\"noopener\">holders<\/a> and a <a target=\"_blank\" href=\"https:\/\/twitter.com\/BabyDogeCoin?s=20&amp;t=Hv0vAaCQlRkIKkTB5pzrNA\" rel=\"noopener\">Twitter<\/a> followership of 1.5 million. If those numbers translate to a real-world strength, could the support of the meme project&#8217;s massive and boisterous community give Baby Doge Swap an edge over PancakeSwap?<\/p>\n<p>It remains to be seen if Baby Doge\u2019s native swap will provide enough of a smooth and seamless experience to alter the loyalties of PancakeSwap\u2019s immense user base and shake up the DEX rankings on BNB Chain.<\/p>\n<p>&#x200d;<\/p>\n<h2>What Is Baby Doge Coin:<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/babydoge.com\/\" rel=\"noopener\">Baby Doge Coin<\/a> is the acclaimed &#8216;son&#8217; of the popular meme token, DOGE. Baby Doge Coin has a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project team hopes to ride the momentum of its \u2018father\u2019 coin but with faster transactions and enhanced cuteness.<\/p>\n<p>The Baby Doge Coin project looks out for the welfare of dogs and is actively reaching out to dog shelters &amp; organizations that benefit dogs. Helping rescue as many dogs as possible is its goal.<\/p>\n<p>&#x200d;<\/p>\n<p>Where to find Baby Doge Coin:<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/babydoge.com\/\" rel=\"noopener\">Website<\/a> | <a target=\"_blank\" href=\"https:\/\/twitter.com\/BabyDogeCoin\" rel=\"noopener\">Twitter<\/a> | <a target=\"_blank\" href=\"https:\/\/discord.com\/invite\/babydogecoin\" rel=\"noopener\">Discord<\/a> | <a target=\"_blank\" href=\"https:\/\/t.me\/babydogecoin\" rel=\"noopener\">Telegram<\/a> | <a target=\"_blank\" href=\"https:\/\/tiktok.com\/@babydogecoin\" rel=\"noopener\">TikTok<\/a> | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/channel\/UC9kAhTdJFJ3BO4ZaGKv-xtA\" rel=\"noopener\">YouTube<\/a> | <a target=\"_blank\" href=\"https:\/\/instagram.com\/babydogecoin\" rel=\"noopener\">Instagram<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/BabyDogeCoin\/\" rel=\"noopener\">Facebook<\/a>\u00a0<\/p>\n<p>&#x200d;<\/p>\n<p><strong>Don\u2019t forget to download the <\/strong><a target=\"_blank\" href=\"https:\/\/www.bsc.news\/\" rel=\"noopener\"><strong>BSCNews<\/strong><\/a><strong> mobile application on <\/strong><a target=\"_blank\" href=\"https:\/\/apps.apple.com\/gb\/app\/bsc-news\/id1575749387\" rel=\"noopener\"><strong>iOS<\/strong><\/a><strong> and <\/strong><a target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=news.bsc\" rel=\"noopener\"><strong>Android<\/strong><\/a><strong> to keep up with all the latest news for BNB Chain and crypto!\u00a0<\/strong><\/p>\n<p><strong>Follow us on <\/strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/BSCNews\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong> and <\/strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/web3wires\/\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>!\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n<p><strong>If you need tools and strategies regarding safety and crypto education, be sure to check out the <\/strong><a target=\"_blank\" href=\"https:\/\/www.bsc.news\/category\/tutorials\" rel=\"noopener\"><strong>Tutorials<\/strong><\/a><strong>, <\/strong><a target=\"_blank\" href=\"https:\/\/www.bsc.news\/category\/cryptonomics\" rel=\"noopener\"><strong>Cryptonomics Explainers<\/strong><\/a><strong>, and <\/strong><a target=\"_blank\" href=\"https:\/\/www.bsc.news\/category\/trading-toolkits\" rel=\"noopener\"><strong>Trading Tool Kits<\/strong><\/a><strong> from BSC News.<\/strong><\/p>\n<p><strong>Check out the <\/strong><a target=\"_blank\" href=\"https:\/\/linktr.ee\/DefiDirect\" rel=\"noopener\"><strong>Web3Wire Linktree<\/strong><\/a><strong> to keep up with all relevant Web3 and Crypto!<\/strong><\/p>\n<p><strong>Looking for a job in crypto? Check out the <\/strong><a target=\"_blank\" href=\"https:\/\/jobs.bsc.news\/\" rel=\"noopener\"><strong>CryptoJobsNow<\/strong><\/a><strong>!<\/strong><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bsc.news\/post\/can-baby-doge-coin-challenge-pancakeswap-as-bnbs-top-dex\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the new swap gives a good user experience, its use by the huge Baby Doge community may make it a major DEX player. PancakeSwap, BNB DEX King Can any platform possibly dethrone PancakeSwap as the top Decentralized Exchange (DEX) on BNB Chain? Backed by its huge meme-loving community, Baby Doge Coin is going to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[1172,10359,1266,268,486,291,2168,114],"class_list":["post-25534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-baby","tag-bnbs","tag-challenge","tag-coin","tag-dex","tag-doge","tag-pancakeswap","tag-top"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/62f3b38b3492826eec222c8d_BSC-Can-Baby-Doge-Coin-Overtake-PancakeSwap-as-Top-DEX.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25534"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25534\/revisions"}],"predecessor-version":[{"id":25536,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25534\/revisions\/25536"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25535"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25534"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}