Uniswap vs PancakeSwap
Uniswap and PancakeSwap share the same setup (AMM): liquidity and tooling make the difference. On liquidity Uniswap dominates: $4.5B TVL vs $2.5B. Only PancakeSwap offers perpetuals. In our editorial rating Uniswap leads (4.9 vs 4.3). On a DEX, liquidity IS the product: features being equal, pick where slippage on your size is lower.
| Uniswap | PancakeSwap | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.9 | ★ 4.3 |
| Liquidity model | AMM | AMM |
| Maker / Taker fee | 0.05% / 1% | 0.01% / 1% |
| Markets | Spot | Spot + Perp |
| Supported chains | Ethereum, Optimism, Arbitrum, Base, Polygon, BSC, Avalanche, Celo, ZkSync | BSC, Ethereum, Arbitrum, Base, Linea, ZkSync |
| TVL (as of Jun 13) | $4.5B | $2.47B |
| 24h volume | $1.28B | $1.12B |
| Native token | UNI | CAKE |
| Fund custody | Non-custodial (funds in your wallet) | Non-custodial (funds in your wallet) |
| Supported wallets | Uniswap Wallet, MetaMask, Coinbase Wallet, Trust Wallet, WalletConnect | MetaMask, Trust Wallet, Binance Wallet, Coinbase Wallet, Token Pocket, SafePal, WalletConnect |
| Audits | OpenZeppelin, Trail of Bits, Spearbit, Certora, ABDK, Pashov Audit Group | PeckShield, SlowMist, BlockSec, Cyfrin, HashDit, OtterSec, Zellic, Halborn |
| Governance | DAO + UNI token | DAO + veCAKE governance |
| KYC | Full | Full |
| Supported countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries |
| Regulator | None | None |
| Segment | B2C | B2C |
| Regions | US, EU/EEA, APAC, LATAM, MENA, Africa | US, EU/EEA, APAC, LATAM, MENA, Africa |
| Licences & safety | None (decentralized protocol) | None (decentralized protocol) |
Frequently asked questions
Uniswap vs PancakeSwap: which is better?
Uniswap and PancakeSwap share the same setup (AMM): liquidity and tooling make the difference. On liquidity Uniswap dominates: $4.5B TVL vs $2.5B. Only PancakeSwap offers perpetuals. In our editorial rating Uniswap leads (4.9 vs 4.3). On a DEX, liquidity IS the product: features being equal, pick where slippage on your size is lower.
Is Uniswap custodial or self-custody?
Uniswap is self-custody: you keep the keys, while PancakeSwap is self-custody.