Binance Smart Chain combined with the prior Binance Smart Chain into the BNB Chain, before 2022. The BNB Chain’s low energy consumption is directly linked to its consensus model – a combination of proof of stake and proof of authority. Whereas there are a vast amount of Bitcoin miners and Ethereum validators the BNB Chain needs only 21 validator nodes to secure the functioning of the network. It means there is some tier of centralization in the BNB Chain, but also drastically reduced electricity consumption.
Pancakeswap - the leading DeFi Exchange Platform raises its capital with the help of the BNB Smart Chain.

Let's see the statistics about the Pancakeswap.

PancakeSwap

Current price: $8.53
Current market cap: $2,389,582,467

PancakeSwap is a familiarized Decentralized Finance DeFi application that enables users to exchange tokens on the BNB Chain. It was founded in September 2020. This platform permits users to trade against a liquidity pool. This liquidity pool was filled by users who deposit funds into the pool in return for a native token of Pancakeswap - CAKE tokens as a reward. Users can also stake CAKE to earn more CAKE or other tokens.

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