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Author: Admin | 2025-04-28
Major price fluctuations in case it incurs impermanent loss.Best Yield Farms on ETH vs. BSCDeFi first erupted onto the crypto scene on the Ethereum network, but since then it has spread to other platforms including Binance Smart Chain (BSC). BSC was launched by Binance Exchange in April 2019 to rival Ethereum. The Ethereum network has been struggling with high transaction fees caused by an increase in users and in math required to run the staggering number of complex decentralized transactions. Binance is more centralized, which helps speed up transaction processing and dramatically lowers transaction fees compared to its rival. The ETH network charges these fees in Ether (ETH), and Binance charges them in Binance Coin (BNB).The best yield farms (or at least the highest value ones) are on ETH (Aave, Curve, UNI, etc.), but BSC has enough large projects including CAKEs and Venus Protocol to compete with ETH network. Ethereum-based platforms can only use Ether and other tokens built on ETH on its network, most of which are called ERC-20 tokens. BSC’s native token is BNB, and its platforms can use other tokens on the network (most called BEP-20 tokens). BSC is still cheaper to send transactions, but at the time of writing, Ethereum gas fees have dropped since DeFi became so popular. Now you can find some of the best yield farms on both chains. Best For:Active Crypto Traderssecurely through Coinbase's websiteBest For:Social Investingsecurely through eToro's websitesecurely through Webull Crypto's websitesecurely through Gemini Crypto's websitePro Tip: Protect Your Privacy
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