Panoramic vision uses a separate neural circuit from the eye into the brain, allowing for a wider angle view and better processing of things in time with a higher frame rate.

“However, there's also a property of your visual system that allows you to dilate your gaze to be in so-called panoramic vision. Panoramic vision is actually mediated by a separate stream or set of neural circuits going from the eye into the brain. And it's a stream or set of circuits that isn't just wide angle view. It also is better at processing things in time. Its frame rate is higher.”