Quote from: Abiky on June 04, 2021, 05:31:32 PM

Quote from: jaberwock on June 03, 2021, 04:06:12 PM

Today when I checked I saw that pancakeswap was going bigger than uniswap and that is a big deal. Not for uniswap, that is a big deal for pancakeswap and I think it is not looking great for them. I know that there is a good amount of fight between the two of them right now, and BSC is winning because of the cheap fee and no matter how many times erc fans keep saying "eth gas fee is lower now" they do not tell you the fact that it is 10x more expensive then bsc instead of 30x more expensive, and that is not good enough.

If uniswap can figure out that problem in some way, don't care how but if they can solve it, then uniswap will get bigger and uni token will get bigger with it, but if this keeps going on then I am afraid they are going to keep losing the fight against cake and eventually cake will be a much bigger token while uni will become less.

Uniswap has already figured out a way to solve the "high gas fee" issue on the ETH blockchain. The project will make use of the "Arbitrum" scaling solution for lightning-fast trades at a fraction of the cost. Uniswap will be able to keep in par with its competitors once the aforementioned scaling solution becomes live. PancakeSwap won't stand a chance against Uniswap because the latter has greater liquidity and mainstream adoption. $50 per UNI token is nothing, considering the new features V3 will provide. If all goes well, we might see "UNI" go all the way to $100 per token. Everything will depend on mainstream demand above anything else.

Nonetheless, crypto behaves in strange and bizarre ways. While anyone can predict a crypto asset's future price, real use cases is what determines its true value in the long run. Whenever "UNI" will be worth more or less than $50 in the future, it's yet to be determined. As an investor, I hope the Uniswap project becomes a widespread success so that the UNI token could go all the way to the moon. That way I could reap large profits to re-invest them into Bitcoin or Ethereum. But sometimes, things don't work out the way we want to. As long as Uniswap remains decentralized, nothing else matters. Just my opinion

Nice read and thanks for sharing as I wasn't aware of the Arbitrum scaling solution. But what does it mean when you say a fraction of a cost? Right now you sometimes pay 60 dollars for a trade although the normal transaction fees on the Ethereum network are much lower. If they want to compete with Binance Smart Chain, which I recently tried, they have to improve upon their gas fees massively. BSC is really cheap and fast and they have the Binance exchange connected to it and everything works smoothly and quickly once you understood all the steps of the process.
If that scaling solution is secure and has competitive fees, then certainly Uniswap is in a great spot for further gains.