PancakeSwap vs SushiSwap
Neutral on-chain benchmarking of slippage, revert rates, and overall execution quality.
Protocol Scorecard
PancakeSwap and SushiSwap are both decentralized exchanges (AMMs), where trades execute directly against on-chain liquidity pools. The comparison comes down to pool depth, fee tiers, and how exposed each venue's order flow is to MEV such as sandwich attacks.
Across the trades ClearTrace benchmarked, PancakeSwap posted a slippage score of 91.2/100 versus 80.5/100 for SushiSwap — a clear edge of 10.7 points. The score reflects realized slippage only — derived from median slippage versus a 1-minute VWAP, where a higher number means lower slippage. MEV exposure and revert rates are tracked as separate metrics. PancakeSwap was measured over 814,012 trades and SushiSwap over 27,131.
The sample sizes differ substantially (PancakeSwap: 814,012 trades; SushiSwap: 27,131), so SushiSwap's score reflects a narrower slice of activity and may move as more volume is observed.
On this data, PancakeSwap holds the stronger slippage score, but the gap reflects routing and slippage differences rather than one venue being universally better — results shift with trade size, token pair, and market conditions, and MEV exposure and revert rates are separate considerations. Scores update on each data refresh; see our methodology for the full approach.
Frequently Asked Questions
Which has better execution quality, PancakeSwap or SushiSwap?
Based on ClearTrace's slippage score (median slippage vs a VWAP baseline), PancakeSwap edges out SushiSwap, 91.2/100 versus 80.5/100 (a 10.7-point gap).
Does PancakeSwap or SushiSwap offer better MEV protection?
ClearTrace publishes a slippage-based score and per-aggregator revert rates — not a per-aggregator MEV-protection score. On slippage, PancakeSwap was tighter (~8.8 bps vs ~19.5 bps). For MEV specifically, the dashboard surfaces detected sandwich activity as a separate metric.
Is PancakeSwap or SushiSwap better for large trades?
For large orders, the venue with deeper liquidity for your pair usually wins on price impact. Both PancakeSwap and SushiSwap are AMMs, so compare pool depth for your token pair; the live dashboard tracks current execution quality.