Size and money locked
Uniswap holds about $3.6 billion in total value locked, far exceeding THORChain’s roughly $61 million. This makes Uniswap the larger liquidity pool by a wide margin.
The TVL change over the past week shows Uniswap slipping slightly by 1.6%, whereas THORChain fell about 8%.
Activity and fees
Uniswap processes around $1.0 billion in 24‑hour trading volume, compared with THORChain’s $308 million. The higher volume translates into larger fee collections for Uniswap, which collected about $1.1 million in fees yesterday. THORChain’s fee revenue was about $353 thousand.
Both platforms demonstrate active usage, but Uniswap’s scale of trades and fee generation is considerably larger.
Networks and reach
Uniswap is deployed on 47 networks, including Ethereum, Base, Arbitrum, Polygon and many others, giving it broad accessibility across the ecosystem. THORChain operates on 13 chains, focusing on native cross‑chain swaps across Bitcoin, Ethereum, BSC, Avalanche and several others.
The wider network coverage of Uniswap provides more entry points for users, while THORChain’s more limited set emphasizes its specialized cross‑chain capabilities.
Who each platform suits
Uniswap is ideal for users seeking deep liquidity, high trading volume and extensive network options, making it a go‑to choice for large swaps and DeFi building. THORChain appeals to traders who need native cross‑chain swaps without wrapped assets and prefer a platform with a modest market cap and focused chain list.
Both protocols offer permissionless access, but the choice depends on whether size and volume or cross‑chain simplicity are more important.