PancakeSwap (CAKE) & Uniswap (UNI) have a new contender with Snowfallprotocol.io (SNW)

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As we all know, the blockchain world is constantly evolving. New blockchains and projects are emerging every day, and it can be difficult to keep track of them all.

In this article, we will take a look at two of the most popular decentralised applications – PancakeSwap (CAKE) and Uniswap (UNI) – and explore why they are losing holders to Snowfallprotocol.io (SNW).

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Both PancakeSwap (CAKE) and Uniswap (UNI) are decentralised exchanges. Uniswap (UNI) is built on the Ethereum blockchain, while PancakeSwap (CAKE) is a Binance native DEX. They are both popular platforms for exchanging cryptocurrencies, but they have some common problems.

For one, both PancakeSwap (CAKE) and Uniswap (UNI) are not able to facilitate the swap of assets between two separate blockchains. 

For example, Uniswap (UNI) can allow users to swap two crypto assets that are built on the Ethereum blockchain. These ERC-20 tokens can be traded on the Uniswap (UNI) platform.

However, if a user wants to swap an ERC-20 token for a BEP-20 token (a token built on the Binance Smart Chain), they would not be able to do so directly on the Uniswap (UNI) platform.

This is where Snowfallprotocol.io (SNW) comes in. Snowfallprotocol.io (SNW) can facilitate the transfer of assets between two different blockchains. Even though PancakeSwap (CAKE) is a newer platform, it also failed to address this problem. It's an excellent Binance (BNB) specific DEX, but it lacks interoperability between different chains.

Snowfallprotocol.io (SNW) is a multi-chain interoperability protocol that facilitates secure asset transfer and cross-chain transactions between blockchains.