It looks like ApeSwap really wants to compete with PancakeSwap, we can understand this from the last words of their article. and i like that.

PancakeSwap is on the rank 61 on coingecko with marketcap of around $1,575,000,000. It won't be easy for ApeSwap to beat PancakeSwap but it will give a good competition.
Apeswap is still very easy so it will be quite difficult to compete to catch up with Pancakeswap, but it does not rule out the possibility for apeswap to catch up, we can see that apeswap is also developing slowly and we can see that there are several collaborations with other projects such as astronauts, soul and many of them are good. for starters