DEX comparison
UniswapvsPancakeSwap
The original AMM with the deepest spot liquidity in DeFi versus BNB Chain's low-fee, beginner-friendly flagship.
At a glance
Higher 24h volume
Uniswap
$3.50B
Lower taker fee
PancakeSwap
0.25%
Deeper liquidity (TVL)
Uniswap
$4.98B
Longer track record
Uniswap
since 2018
dexwatch score
Uniswap
79/100
Full comparison
Every figure is an approximate snapshot from public trackers. “Best” marks the stronger value in a row — higher volume or liquidity, lower fees, longer track record. Max leverage is shown as information, not a positive.
| Exchange | $UNI ★★★★★★★★★★79/100Solid | $CAKE ★★★★★★★★★★78/100Solid |
|---|---|---|
| Type | Spot DEX (AMM) | Spot + Perp |
| Chains | EthereumBaseArbitrumPolygon+1 | BNB ChainEthereumBaseArbitrum+1 |
| 24h volume | $3.50BBest | $1.80B |
| 7d volume | $22.00BBest | $11.00B |
| Total value lockedLiquidity depth | $4.98BBest | $2.18B |
| Token price | $11.40 | $2.60 |
| 24h change | 0.60% | 0.50% |
| Market cap | $7.10B | $820.0M |
| Maker feeNegative = rebate | 0% | 0% |
| Taker feeLower is cheaper | 0.3% | 0.25%Best |
| Max leverageHigher = riskier | Spot only | 50× |
| Trading pairs | 9.8KBest | 6.1K |
| LaunchedLonger track record | 2018Best | 2020 |
| Security scoredexwatch estimate | 90/100Best | 83/100 |
| Audits | Trail of BitsABDKConsenSys | CertikPeckShieldSlowMist |
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Uniswap vs PancakeSwap FAQ
Which has higher trading volume, Uniswap or PancakeSwap?
Uniswap — about $3.50B in the last 24 hours versus $1.80B on PancakeSwap. Figures are an approximate snapshot and move constantly.
Is Uniswap or PancakeSwap cheaper to trade?
PancakeSwap has the lower headline taker fee at 0.25%, versus 0.3% on Uniswap. Network gas and price impact still apply on top.
Which has deeper liquidity, Uniswap or PancakeSwap?
Uniswap holds more total value locked ($4.98B versus $2.18B), a rough proxy for how much size a market can absorb.
Which offers higher leverage, Uniswap or PancakeSwap?
PancakeSwap allows up to 50×, versus spot only on Uniswap. Higher leverage multiplies losses as fast as gains — it is information, not an advantage.
What's the main difference between Uniswap and PancakeSwap?
Uniswap is a spot dex (amm) on Ethereum, Base, Arbitrum, while PancakeSwap is a spot + perp on BNB Chain, Ethereum, Base. One focuses on leveraged perpetuals, the other on spot swaps — so the right pick depends on what you want to trade.
What are perpetuals & perp DEXes?Leverage risk & liquidationDEX trading fees: maker/taker & pool feeperpetualleveragefunding rate
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