Ten times the difference! UNI earns 7.4 billion while CAKE struggles to earn only 700 million! Who is the true king?
CAKE's market value at the peak of the bull market was once one-third of UNI's, but now it has shrunk to one-tenth. UNI's market value is 7.4 billion US dollars, the global DEX leader, while CAKE is only 775 million US dollars, a difference of nearly 10 times.
Ethereum's absolute overlord ecosystem, with daily transaction revenue exceeding 1 million US dollars, rose more than 50% against the trend in the SEC regulatory turmoil.
CAKE: BNB Chain's leader, with a weekly trading volume of 54.5 billion US dollars, crushing UNI's 9.7 billion, but its market value is less than a fraction of UNI's.
CAKE works hard and earns little; UNI sits back and collects rent, but its value has increased tenfold!
BSC users are mostly "gold diggers," going wherever it is cheap. For example, the MUBARAK meme coin surged by 1300%, attracting a flood of funds; as the craze fades, TVL quickly flows out. In contrast, Ethereum users are willing to pay high gas fees to stick to the ecosystem.
BSC nodes are strongly controlled by Binance, nicknamed the "official control chain."
"BSC is a band-aid solution. Once Layer2 matures, users will definitely return to Ethereum!" And UNI's complete decentralization attracts institutions to withdraw 25 million US dollars in coins for hoarding in a single day.
A world of difference in ecological depth.
UNI: Becomes the target of institutional ETF bets, with BlackRock and other giants entering to support the bottom.
CAKE: Relies on Binance subsidies such as IEO diversion, with weak self-sustaining capabilities. Although it has promoted cross-chain and burned 587,000 CAKE in June, the market regards it as a "BNB little brother."
Price war failure: Ethereum Layer2 has already reduced gas fees to $0.1, and BSC's "cheap" advantage is exhausted.
Double-edged sword of destruction: CAKE relies on deflation to support the price. The total amount has been reduced from 700 million to 366 million, but if platform revenue does not increase, destruction is like quenching thirst with poison.
Let BSC get rid of the "earth dog chain" label! Currently, 35% of the trading volume on BSC is driven by Meme coins, while UNI steadily eats blue-chip asset transactions.
Analyst's harsh words: "CAKE wants to counterattack? First let BNB's market value catch up with ETH's!"
If you bought $10,000 each in 2021:
UNI's current value ≈ $23,000 SEC bad news can't kill it.
CAKE's current value ≈ $4,000 Fell from the high point to the ankle.
BSC has been doing it for five years, and all the excitement is just a bubble; Ethereum remains silent, but takes over the real kingdom.
In the next bull market, are you betting on the "false prosperity" of the BSC ecosystem, or stubbornly holding onto the "real money" UNI?
Nod your head and follow me. Tell me what you think of the current market? Let's chat in the comments section! Opportunities and risks coexist in the crypto circle. Staying vigilant and finding the right timing is key.