Uniswap vs SushiSwap Comparison Tool
Uniswap
Established DEX with deep liquidity and concentrated liquidity model
V3 Concentrated Liquidity 3 Fee TiersSushiSwap
Multi-chain DEX with liquidity mining and revenue sharing
Multi-Chain xSUSHI RevenueFeature Comparison Matrix
| Feature | Uniswap | SushiSwap |
|---|---|---|
| Launch Year | 2018 | 2020 |
| Core AMM Model | V3 Concentrated Liquidity | V2-style + Trident |
| Fee Tiers | 0.05% / 0.30% / 1% | Flat 0.30% (0.25% LP, 0.05% xSUSHI) |
| Liquidity Mining | No native rewards | Onsen, MISO, Kashi farms |
| Revenue Sharing | None | 0.05% to xSUSHI stakers |
| Supported Chains (2025) | Ethereum, Polygon, Arbitrum, Optimism, Base, BNB Chain | Same + Avalanche, Fantom, Harmony, etc. |
| Governance Token | UNI (vote-only) | SUSHI (vote + revenue) |
| Mobile App | Yes | Yes |
Quick Decision Guide
Choose Uniswap if:
- You're new to DeFi
- Need deepest pools and lowest slippage
- Want simple fee-only model
- Prefer pure governance token
Choose SushiSwap if:
- Chasing extra token rewards
- Need multi-chain access
- Want revenue sharing from every trade
- Enjoy advanced DeFi features
Liquidity & Volume Snapshot (2025)
Total Value Locked (TVL)
$4 billion
Daily Trading Volume
$1-2 billion
Total Value Locked (TVL)
$400 million
Daily Trading Volume
$50-150 million
Choosing the right decentralized exchange (DEX) can feel like picking a trading partner you’ll never meet in person. Uniswap vs SushiSwap is the most common head‑to‑head battle in the DeFi world, and the answer depends on everything from how you earn fees to which blockchain you prefer. This guide walks you through the core differences, runs the numbers, and tells you which platform suits specific trading styles.
Key Takeaways
- Uniswap offers higher liquidity, concentrated liquidity options, and a simple fee‑only model.
- SushiSwap provides broader multi‑chain coverage, active liquidity mining, and revenue‑sharing through xSUSHI.
- If you’re a beginner or need the deepest pools, start with Uniswap.
- If you chase extra token rewards and want to hop across chains, SushiSwap is the playground.
How the Two DEXes Work
Both platforms run on an Automated Market Maker (AMM) model, meaning you don’t need an order book. Liquidity providers (LPs) lock pairs of tokens into a pool, and the smart contract calculates prices based on the constant product formula.
Uniswap’s V3 upgrade introduced concentrated liquidity: LPs can allocate capital to a narrow price range, earning higher fees when trades happen within that band. It also offers three fee tiers-0.05%, 0.30% and 1%-so users can pick the most cost‑effective pool for a given asset pair.
SushiSwap, a fork of Uniswap V2, keeps a single 0.30% fee tier but splits it: 0.25% goes to LPs, 0.05% to SUSHI stakers. The platform layers on liquidity mining programs (Onsen, Kashi, Trident) that hand out additional SUSHI tokens.
Liquidity & Volume Metrics (2025)
Liquidity is the backbone of a DEX. As of October2025:
| Metric | Uniswap | SushiSwap |
|---|---|---|
| Total Value Locked (TVL) | $4billion | $400million |
| Daily Trading Volume | $1‑2billion | $50‑150million |
| Supported Chains | Ethereum, Polygon, Arbitrum, Optimism, Base, BNB Chain | Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, Fantom, Harmony, and 6+ others |
Uniswap’s sheer depth makes it the go‑to for large swaps with minimal slippage. SushiSwap’s liquidity is more modest, but it concentrates on niche tokens and newer projects where it can attract fresh LP capital via rewards.
Fee Structures & Earnings for LPs
Understanding where your fees go is crucial for estimating returns.
- Uniswap V3 fee tiers: LPs earn the full fee selected for the pool (0.05%, 0.30%, or 1%). No extra token rewards are distributed.
- SushiSwap flat fee: 0.30% per swap. Of that, 0.25% goes to LPs, while 0.05% is funneled to xSUSHI stakers, providing passive income even if you’re not providing liquidity.
- Liquidity mining incentives: SushiSwap runs the Onsen program, granting additional SUSHI tokens to LPs that stake in targeted pools. These rewards can boost APRs into the high double‑digits, especially for newly launched tokens.
For a trader focused on low‑cost swaps, Uniswap’s ability to pick a 0.05% tier for stable‑coin pairs is a big win. For an LP chasing higher yields, SushiSwap’s extra token drip often outweighs the slightly higher base fee.
Tokenomics & Governance
Both platforms have native governance tokens, but their economic roles differ.
- UNI (max supply 1billion) is a pure governance token. Holders can vote on protocol upgrades but receive no direct revenue share.
- SUSHI (max supply 250million) doubles as governance and a revenue‑sharing asset. Staking SUSHI converts it to xSUSHI, which claims the 0.05% fee slice from every trade.
If you value a token that pays you for simply holding it, SushiSwap’s model is more attractive. If you prefer a larger, widely‑distributed token for voting power alone, UNI fits the bill.
User Experience & Multi‑Chain Support
Both DEXes have sleek web interfaces, but the learning curve varies.
- Uniswap offers a clean swap screen, wallet‑connect button, and a mobile app that makes onboarding a breeze. The documentation is concise, focusing on swapping, adding liquidity, and using the fee‑tier picker.
- SushiSwap bundles extra tools-limit orders, lending via Kashi, and a farm dashboard. The UI is richer, which can overwhelm newcomers, yet seasoned DeFi users love the one‑stop shop. Multi‑chain navigation is handled through a chain switcher, letting you jump from Ethereum to Avalanche with a few clicks.
For a rookie who just wants to trade ETH for USDC, Uniswap feels like a single‑click experience. For a power user who wants to farm, lend, and bridge assets across four chains, SushiSwap feels like a Swiss‑army knife.
Which Platform Fits Your Strategy?
Below is a quick decision guide:
- New to DeFi? Start on Uniswap to grasp wallet connection, slippage settings, and basic liquidity provision.
- Looking for the deepest pools and lowest slippage? Uniswap’s TVL advantage wins.
- Chasing extra token rewards? Dive into SushiSwap’s Onsen farms and xSUSHI staking.
- Need multi‑chain access? SushiSwap’s 14+ chain support is a clear edge.
- Prefer a pure governance token without staking? Choose UNI on Uniswap.
- Want revenue sharing from every trade? Stake SUSHI to earn xSUSHI dividends.
The best answer is often “both.” Many traders keep a small amount of ETH on Uniswap for quick swaps and allocate a portion of their capital to SushiSwap farms to capture reward yields.
Side‑by‑Side Feature Matrix
| Feature | Uniswap | SushiSwap |
|---|---|---|
| Launch Year | 2018 | 2020 (fork of Uniswap) |
| Core AMM Model | V3 Concentrated Liquidity | V2‑style + Trident (beta) |
| Fee Tiers | 0.05% / 0.30% / 1% | Flat 0.30% (0.25% LP, 0.05% xSUSHI) |
| Liquidity Mining | No native rewards | Onsen, MISO, Kashi farms |
| Revenue Sharing | None | 0.05% to xSUSHI stakers |
| Supported Chains (2025) | Ethereum, Polygon, Arbitrum, Optimism, Base, BNB Chain | Same + Avalanche, Fantom, Harmony, etc. |
| Governance Token | UNI (vote‑only) | SUSHI (vote + revenue) |
| Mobile App | Yes (iOS/Android) | Yes (integrated with web) |
Next Steps & Troubleshooting
After you decide which DEX to use, follow these quick checks:
- Wallet compatibility: Both platforms support MetaMask, Trust Wallet, and Coinbase Wallet. Ensure your wallet is on the right network before approving a trade.
- Slippage settings: For volatile pairs, set slippage to 0.5‑1% on Uniswap V3 and 0.75% on SushiSwap to avoid failed transactions.
- Gas optimization: Use Layer‑2 options (Arbitrum, Optimism, Polygon) to cut fees. Uniswap’s Base integration offers cheap gas on the upcoming Base L2.
- Reward tracking: On SushiSwap, monitor the Onsen dashboard and claim SUSHI rewards weekly to avoid compounding gaps.
If a transaction reverts, double‑check token approvals and ensure you haven’t exceeded your gas limit. Most issues stem from outdated token allowances.
Frequently Asked Questions
Which DEX has lower fees for stable‑coin swaps?
Uniswap V3 offers a 0.05% fee tier for stable‑coin pairs, making it the cheapest option for low‑volatility swaps. SushiSwap’s flat 0.30% fee is higher, though the 0.05% revenue‑share to xSUSHI can offset costs for stakers.
Can I use the same wallet on both platforms?
Yes. MetaMask, Trust Wallet, Coinbase Wallet, and most hardware wallets work seamlessly on both Uniswap and SushiSwap. Just switch the network in your wallet to match the chain you’re trading on.
How does concentrated liquidity affect my earnings?
With concentrated liquidity on Uniswap V3, you allocate funds to a narrow price range. If the market trades within that range, you earn a higher share of the 0.05%‑0.30% fees. Outside the range, your capital sits idle, so precise price predictions are key.
Do I need to claim SUSHI rewards manually?
SushiSwap’s farms require you to claim rewards periodically (usually weekly). The platform will not auto‑harvest for you, so set a reminder to collect SUSHI and restake it as xSUSHI if you want continuous fee income.
Is one platform more secure than the other?
Both have undergone several audits and have no major hacks since launch. Uniswap’s longer track record gives a slight edge in perceived security, but SushiSwap’s codebase is also battle‑tested. Always use a hardware wallet for large sums.
WILMAR MURIEL
Reading through the comparison reminds me of the early days of DeFi when everything felt experimental yet promising. I appreciate how the guide breaks down the fee structures, because that’s often where newcomers get confused. The emphasis on concentrated liquidity on Uniswap V3 is spot‑on; it’s a game‑changer for LPs who understand price ranges. At the same time, SushiSwap’s reward programs can entice those who like a bit of extra seasoning on their yields. Overall, it’s a balanced snapshot that helps traders align their strategy with the right platform.
carol williams
One cannot overlook the theatrical flair that both DEXes bring to the table, yet the drama lies in the numbers. While Uniswap boasts a majestic TVL, SushiSwap’s multi‑chain ambition reads like an epic saga. The nuance of governance tokens further deepens the plot, with UNI playing the stoic hero and SUSHI the flamboyant sidekick. In the grand narrative of decentralized finance, each platform pens its own chapter, and the reader must choose wisely.
jit salcedo
It’s interesting how the industry masks the underlying power structures behind sleek interfaces. One could argue that the concentration of liquidity on Uniswap is a front for a few whales steering the market, while SushiSwap’s token rewards are a lure to keep the masses busy. The reality is that both ecosystems are entangled in a web of hidden incentives, and the average user may never see the strings being pulled.
Lisa Strauss
Indeed, the comparison does a solid job of laying out the mechanics without getting lost in the hype. For anyone just starting out, focusing on the simplicity of Uniswap’s fee tiers can be less intimidating. Meanwhile, the reward mechanisms on SushiSwap can serve as a learning curve for deeper DeFi engagement. It’s all about matching the tool to your comfort level and goals.
Latoya Jackman
Both platforms have mobile apps.
Megan King
yeah, the apps are pretty slick tho sometimes i wish the UI was less crowded on sushi. the uniswap one feels cleaner, kind of like a fresh cup of coffee in the morning.
Rahul Dixit
From a patriotic standpoint, supporting home‑grown protocols matters-yet both Uniswap and SushiSwap are global, pulling in capital from everywhere. The real issue is whether we’re feeding the beast of centralized liquidity aggregators that keep the power in few hands. Choose wisely, comrades.
Krystine Kruchten
While the nationalist undertones are noted, the financial incentives remain clear: Uniswap offers depth, SushiSwap offers breadth. If you’re after raw liquidity for large swaps, stick with Uniswap. If you crave token rewards and cross‑chain flexibility, SushiSwap delivers.
Mangal Chauhan
👍 Got it! Uniswap = deep pools, low slippage. 🍣 SushiSwap = extra SUSHI rewards + multi‑chain play. Both are useful depending on the move you’re making.
Iva Djukić
Delving into the granular dimensions of decentralized exchange architectures necessitates a rigorous analysis of both protocolic liquidity provisioning mechanisms and tokenomic incentive schemas. Uniswap V3’s concentrated liquidity paradigm represents a paradigm shift wherein liquidity providers (LPs) can allocate capital within a defined price interval, thereby amplifying fee accrual efficiency relative to traditional constant product models. This nuanced approach, however, imposes a heightened requirement for market foresight, as capital positioned outside the active price corridor becomes dormant, effectively diminishing capital efficiency. Conversely, SushiSwap leverages a more conventional V2‑style constant product model augmented by its proprietary Trident architecture, which, while retaining simplicity, introduces supplemental layers of composability through Kashi lending and BentoBox token vaults. The Onsen program exemplifies SushiSwap’s strategic endeavor to catalyze liquidity inflows by dispensing SUSHI rewards, thereby augmenting APRs into double‑digit territories, particularly for nascent token pairs seeking bootstrap liquidity. From a fee structure perspective, Uniswap’s tiered fee system-spanning 0.05%, 0.30%, and 1%-affords LPs the discretion to select an optimal fee bracket commensurate with the volatility profile of the underlying asset pair, whereas SushiSwap’s monolithic 0.30% fee, partitioned between LPs (0.25%) and xSUSHI stakers (0.05%), introduces a revenue‑sharing vector that aligns stakeholder interests across the ecosystem. The governance token dynamics further delineate the strategic orientations of the platforms: UNI functions as a pure governance instrument devoid of direct revenue streams, thereby appealing to participants prioritizing democratic protocol evolution, whereas SUSHI operates dually as a governance token and a dividend‑bearing asset via xSUSHI, offering a tangible yield component to token holders. Multi‑chain deployment considerations also bear significant weight; while Uniswap has expanded to Layer‑2 solutions such as Arbitrum, Optimism, and Base, SushiSwap’s broader array of supported chains-encompassing Avalanche, Fantom, Harmony, among others-facilitates cross‑chain arbitrage opportunities and diversifies exposure to varying network fee regimes. In aggregate, the selection matrix for practitioners should be calibrated against three principal axes: capital efficiency (liquidity depth versus reward amplification), operational complexity (user‑experience simplicity versus feature richness), and strategic tokenomic alignment (governance‑centric versus yield‑centric incentives). Consequently, an optimal portfolio deployment might entail allocating core capital to Uniswap for high‑volume, low‑slippage trades while simultaneously earmarking a fraction for SushiSwap’s farms to harvest ancillary SUSHI emissions, thereby achieving a synergistic blend of execution efficacy and yield optimization.
Darius Needham
The deep dive you provided is exactly the kind of thorough assessment needed for serious DeFi strategizing; it clarifies where each protocol excels and where trade‑offs arise.
karsten wall
Both platforms have carved out their niches: Uniswap dominates on sheer depth, while SushiSwap thrives on composability and incentives. The key is to align the tool with your specific risk‑adjusted return objectives.
C Brown
Oh, sure, because the best way to pick a DEX is to read a glossy marketing blog and ignore the underlying code quality. Brilliant strategy.
Adeoye Emmanuel
Honestly, if you’re after a straightforward swap experience, Uniswap’s UI is as clean as a freshly polished desk. For those who want to dabble in farming and earn extra tokens, SushiSwap offers that extra spice.
Deepak Chauhan
Indeed, the dual‑layer approach-Uniswap for depth, SushiSwap for rewards-mirrors the classic yin‑yang balance, & it works well for diversified strategies. :)
Aman Wasade
Well, if you love mixing things up, why not hop on both? Nothing says “I’m sophisticated” like juggling two DEXes at once.
Ron Hunsberger
Great summary! I’d add that keeping a small amount of ETH on Uniswap for quick swaps can save time, while allocating a portion of your portfolio to SushiSwap farms can boost overall yields.
Lana Idalia
Yo, just jump in, try both, and let the numbers tell you which one vibes with your wallet.