PancakeSwap, best BNB DEX

Cake Basic

Binance Labs

Funds & Backer

Corporate investors

Investors

Large TVL: After uniswap, pancake swap has the largest TVL, currently 3 times more than its marketcap. The next serious competitor is raydium but pancakeswap prove that will not give up 2nd position easily.
Active Ecosystem: Pancakeswap didn’t provide a solution to other projects forked and prefered to have a exclusive market on Binance chain with 95% share. Anyway it has an active ecosystem with highest number of LPs among DEXs. It support other chains too.
Active platform: Pancakeswap is a very active platform that introduce new incentivized programs to liquidity providers & users. Introduced derivative market on DEX (which will grow rapidly when users find out its power)
Big share of DEX Market: Pancakeswap has approximately 16% of DEX market volume. It shares is half of uniswap and 2 times more than raydium, so its 2nd place is stable.
Binance support: We know that Binance labs is the backer of pancakeswap, but it’s more than that! Actually pancakeswap is the major DEX on Binance chain with around 95% share. Most BNB new token & LPs are establish here (BNB is the top coin after BTC & ETH). In fact Binance ecosystem grows here, so it is very important platform for Binance chain that has support of Binance Labs & Binance Exchange.
Large Community: Pancakeswap by 2 millions follower on X platform has a large community.

Inflation: Pancakeswap has a high staking rate among its competitor (around 15% APY), this will cause printing more money (token I mean) and decreasing the token intrinsic value, so it growth would be slower than its competitors like UNI, RAY.