The continued rise in Ethereum's congestion and gas fees has caused a flood of new investors to seek out alternatives in the market. One platform that has benefited greatly from its technical advantages and lower fees in PancakeSwap. The network operates as the largest DEX on the Binance Smart Chain and over the last 30-days has grown considerably.

Like most DEXs, PancakeSwap has limitations in terms of trading options and functionality. Luckily, the BSC development community is now in full swing. Already, PancakeSwap has multiple third-party tools available to users. These platforms play an important role in the onboarding process for DEXs because most traders assume they will have options like limit orders if they came from a centralized exchange (CEX).

The lack of these basic features can make new users hesitant to make the change over to DEXs. In turn, this negatively affects all traders. The more liquidity in the market, the better it is for everybody. Luckily you won’t have to scour the darkest corners of the web hunting these tools out. Here are some cool new third-party PancakeSwap tools worth checking out in 2021.

Bogged Finance

Bogged Finance makes the top spot due to its advanced trading interface that simplifies PancakeSwap orders and adds new features such as limit orders for any token. The platform provides you with access to an entire toolset. Use BogCharts to see any token's market cap, liquidity, and more.

Bogged Finance accomplishes this task thanks to the integration of oracles. Oracles are off-chain sensors that can trigger smart contracts and communicate data to and from the network to third parties. These same oracles can also be leveraged by other developers via BogTools. Developers simply pay a small fee in the network’s native token, BOG, to deploy these tools on their networks.

New projects can now gain investor confidence by displaying price charting and history to potential investors. You can also record and store the price of any asset pair. You gain access to a nice selection of tools that are user-friendly even for newbies. There are also staking options available via the PancakeSwap BOG-BNB Liquidity Pool. Take the BOG-BNB Cake-LP tokens you receive as a reward from this pool and stake them with Bogged Finance to earn even more.

Bogged Finance has demonstrated a true desire to be transparent and decentralized from its start. For example, the developers held no presale, limited purchases to 5% to keep whales from controlling the network, and the team and liquidity tokens are locked to help build confidence in the team's long-term objectives. Bogged Finance offers a unique combination of popular DeFi features that makes it a powerful addition to anyone’s PancakeSwap trading strategy.

Wow Swap

Wow Swap is another up-and-coming project that improves the PancakeSwap UX. Wow Swap is a decentralized leveraged trading protocol that runs on top of the PancakeSwap network. It leverages some of the fourth-generation features of the BSC to provide investors with a host of DeFi functionalities and the ability to trade with up to 5x leverage.

Wow liquidity providers gather their funds and create a BNB lending pool via the Wow Swap interface. Borrowers can then borrow against this pool with 5x leverage. Notably, the top four liquid tokens on PancakeSwap are currently available for this service. Specifically, the network supports CAKE, ETH, BTCb, and AUTO at this time.

Wow Swap entices new users and HODLers with frequent giveaways, contests, bonuses, and Airdrops. Additionally, the protocol includes a deflationary mechanism. A percentage of all transaction fees is used to buy back tokens. These tokens can be temporarily removed from the market or sent to a burning mechanism to remove them forever. This functionality gives the network more control regarding the BOG token's value.

The network relies on a community-governance protocol that gives WOW token holders a say in the network’s developments. Users can submit proposals for changes and upgrades. These proposals go before the community for a vote. If they are voted in, the network's piggyback will release the funds to make the project a reality.

PancakeBunny

PancakeBunny is a yield farming aggregator & optimizer. Its unique technical specifications allow it to automatically compound users yields through the Binance Smart Chain and Pancake Swap. The protocol accomplishes this without risking your principal investment. Specifically, profits from select pools get auto compounded into the CAKE compounding pool which increases your ROI. The platform already supports BUNNY, CAKE, BUNNY-BNB, CAKE-BNB BUSD-BNB, USDT-BNB, DAI-BNB, USDC-BNB, VAI-BUSD, USDT-BUSD Pools.

The development team behind PancakeBunny, MOUND, recently hosted a crowdfunding event. Notably, Binance Labs was the lead investor. The team secured $1.6M in its first Strategic Investment Round to expand its network and feature. Some other interesting participants in the event included Handshake co-founder, Andrew Lee, IDEO CoLab, and SparkLabs Korea.

The development team has wasted no time getting new features to the public. This week they added single asset vaults. These vaults are available in BNB, BTCB, ETH, BUSD, and USDT. In the coming weeks, the team has plans to introduce even more functionalities. According to company documentation, the next feature will be an ETH-BSC cross-chain functionality.

This feature will help new users migrate their assets over to the BNB ecosystem. If successful, it will help to relieve much of the friction associated with that process. Since its launch in December 2020, PancakeBunny has seen more user participation. The platform currently boasts 30,000 daily average users. Notably, these users have $2.1 billion in total value locked (TVL) on the project.

Top PancakeSwap Tools for 2021

There are sure to be more tools entering the PancakeSwap ecosystem shortly. However, not every tool or third-party add-on is reliable and secure. Always DYOR and stick to reputable projects to protect your hard-earned BNB. All of the projects on this list have put forth a pioneering effort in the BSC network that is sure to spark interest in the market.