Curve Finance vs PancakeSwap
Curve Finance and PancakeSwap share the same setup (AMM): liquidity and tooling make the difference. On liquidity PancakeSwap dominates: $2.5B TVL vs $2.1B. Only PancakeSwap offers perpetuals. On a DEX, liquidity IS the product: features being equal, pick where slippage on your size is lower.
| Curve Finance | PancakeSwap | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.2 | ★ 4.3 |
| Liquidity model | AMM | AMM |
| Maker / Taker fee | 0.04% / 0.04% | 0.01% / 1% |
| Markets | Spot | Spot + Perp |
| Supported chains | Ethereum, Arbitrum, Optimism, Polygon, Avalanche, Fantom | BSC, Ethereum, Arbitrum, Base, Linea, ZkSync |
| TVL (as of Jun 13) | $2.1B | $2.47B |
| 24h volume | $80M | $1.12B |
| Native token | CRV | CAKE |
| Fund custody | Non-custodial (funds in your wallet) | Non-custodial (funds in your wallet) |
| Supported wallets | MetaMask, WalletConnect, Coinbase Wallet, Ledger, Trezor, Gnosis Safe | MetaMask, Trust Wallet, Binance Wallet, Coinbase Wallet, Token Pocket, SafePal, WalletConnect |
| Audits | Trail of Bits (2020), MixBytes (2020, 2023 crvUSD), Quantstamp (2020), ChainSecurity (2021, 2022, 2023, 2024) | PeckShield, SlowMist, BlockSec, Cyfrin, HashDit, OtterSec, Zellic, Halborn |
| Governance | DAO + CRV token + veCRV | DAO + veCAKE governance |
| KYC | Full | Full |
| Supported countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries |
| Regulator | None | None |
| Segment | B2C | B2C |
| Regions | US, EU/EEA, APAC, LATAM, MENA, Africa | US, EU/EEA, APAC, LATAM, MENA, Africa |
| Licences & safety | None (decentralized protocol) | None (decentralized protocol) |
Frequently asked questions
Curve Finance vs PancakeSwap: which is better?
Curve Finance and PancakeSwap share the same setup (AMM): liquidity and tooling make the difference. On liquidity PancakeSwap dominates: $2.5B TVL vs $2.1B. Only PancakeSwap offers perpetuals. On a DEX, liquidity IS the product: features being equal, pick where slippage on your size is lower.
Is Curve Finance custodial or self-custody?
Curve Finance is self-custody: you keep the keys, while PancakeSwap is self-custody.