For NOW, pancakes are better on several fronts such as liquidity and also token listings. but ApeSwap is undoubtedly the new generation that has the capability to compete in the future, so it's just a matter of waiting for the right momentum and completing some homework, then ApeSwap will move fast.
now pancake is more attractive to users and maybe they managed to get the user's attention to exchange there, but it does not rule out the possibility that apeswap can compete. Plus nowadays some communities have talked a lot about apeswap. let's wait to see the development of apeswap in the future, i'm pretty sure apeswap can compete
I don't know how it's possible but pancakeswap's farms and pools provide very high reward compare to that of any popular defi including Apeswap. Pancakeswap had increased it's volume so much that it's already in the league of uniswap while Apeswap is still a new platform for it to compare. With both of ETH and BNB platform popular, everyone would want the piece of the cake and its going to be hot.