Easily the most popular Decentralized Exchange (DEX) on Binance Smart Chain (BSC), PancakeSwap brings gamification and NFTs to the world of DeFi. Its popularity is largely as a result of its huge liquidity, wide range of features and significantly large user base (and kawaii aesthetic).
PancakeSwap allows users to easily trade Binance Coin (BNB) as well as a wide variety of BEP-20 tokens without having to depend on any kind of centralized entity or service. It also means that users retain ownership of their private keys and therefore never have to run the risk of losing control at any point in the process. All trades on PancakeSwap occur automatically as a result of smart contracts that eliminate any kind of counterparty risks.