THORChain vs Uniswap

How THORChain vs Uniswap compare on our ratings, dex specs, funding, pros and cons.

VS
Uniswap4.1/5
Feature
Ratings
Our score3.2/54.1/5
User ratingNo reviews yetNo reviews yet
Liquidity & pricing3.04.5
Fees3.03.5
Security2.54.0
Ease of use3.54.0
Chain coverage4.54.5
Specs
KYC required No No
TypeAMMAMM
ChainsBitcoin, Ethereum, BNB Chain, OtherEthereum, Base, Arbitrum, BNB Chain, Other
Swap feeSource-network gas, destination-network gas and liquidity fees; total varies with network conditions, swap size and pool depthNot disclosed
Limit ordersNot disclosed Yes
Cross-chain swaps Yes Yes
AuditedNot disclosed Yes
Open source Yes Yes
Governance tokenRUNEUNI
Perpetual futures No No
Routes across other DEXsNot disclosed Yes
MEV protectionNot disclosed Yes
Mobile appNot disclosed Yes
Points or rewards program YesNot disclosed
Company
Founded20182018
Headquarters—United States
InvestorsPublic participantsPolychain Capital, BlackRock, Andreessen Horowitz, Paradigm +8
Strengths and weaknesses
Pros
  • Supports native BTC and ETH swaps without wrapped assets or bridges
  • Covers 14 blockchains, including Bitcoin, Solana and Base
  • No protocol-level account, registration or KYC requirement
  • Open-source transactions execute on-chain
  • Non-custodial wallet trading across 16+ EVM mainnets
  • V3 offers four published pool fee tiers
  • V4 supports programmable hooks and concentrated liquidity
  • UniswapX can shift gas payment to fillers
Cons
  • Variable source gas, destination gas and liquidity fees
  • Past cross-chain and withdrawal incidents include losses recorded in 2021 and 2026
  • RUNE exposure underpins liquidity pools, node bonding and fee settlement
  • Pool depth can increase slippage on larger or less liquid routes
  • Pool fees vary by market and network gas is separate
  • Thin pools can produce high slippage and poor execution
  • Liquidity providers face out-of-range and impermanent-loss risk
  • V4 hooks and fillers add external smart-contract dependencies
Best forNative Bitcoin swaps, Cross-chain self-custody trading, Wallet and app integrationsOn-chain token traders, Concentrated liquidity providers, Developers building EVM swaps

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