Comparison of Uniswap vs Raydium [ 2024 ]

The best cryptocurrency exchanges compared by their commissions, products offered, security and much more. Here is the Uniswap vs Raydium comparison!

Your expert: Alejandro Borja

Uniswap

Uniswap

Your expert: Xavier Tarrasó

raydium

Raydium

Main points

Fees

0,30%
NFTs
No

Native token

Token UN
0,25%

Fees

No
NFTs
Token RAY
Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
No

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.8 – High Ethereum gas fees can make transactions costly, despite the efficient AMM model.
4.5 – Low fees on the Solana blockchain, with dual yield farming options enhancing overall value.

Level

0,30%
0,25%

Brief explanation

Uniswap charges a 0.3% fee for all swaps on the platform, which is distributed to liquidity providers as their incentive for supplying assets. Additionally, Uniswap offers four fee tiers depending on the stability of the trading pairs: 0.01% for very stable pairs, 0.05% for stable pairs, 0.3% for most pairs, and 1% for exotic pairs. These fees are set by liquidity providers and can vary based on market conditions and the risk associated with the pairs.

It’s important to note that Uniswap itself does not collect these fees; they are entirely distributed to the liquidity providers. Users also need to pay Ethereum gas fees, which can be high during periods of network congestion, adding to the overall cost of transactions on Uniswap​​​​ .
Raydium employs a straightforward fee structure, making it transparent for users. For each transaction executed in its liquidity pools, Raydium charges a 0.25% fee, which is split between liquidity providers and RAY token stakers. Specifically, 88% of this fee is redirected to the liquidity pool as a reward for liquidity providers, while the remaining 12% is used to buy RAY tokens and distribute them to stakers.

Additionally, trades executed via the Serum DEX incur an average transaction fee of 0.22%, which can decrease based on the number of SRM tokens staked. Besides these fees, users also need to consider network fees for transactions on the Solana blockchain, which are typically very low, ranging from 0.0001 to 0.001 SOL per transaction.

Uniswap

Raydium

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Product selection

Native token

Yes, the native token is UNI.
Yes, the native token is RAY.

Earns

Yes, Uniswap provides EARN opportunities through liquidity mining, where users can earn fees by providing liquidity to various pools.
Yes, Raydium provides EARN opportunities through liquidity mining, staking RAY tokens, and dual yield farming programs.

NFT marketplace

No, Uniswap does not have an NFT marketplace.
No, Raydium does not have an NFT marketplace.

Cripto/debit card

No, Uniswap does not offer a debit card.
No, Raydium does not offer a debit card.

Company information

Full name

Uniswap Labs
Raydium Protocol

Regulation

No, Uniswap is not regulated by any specific financial regulatory authority.
No, Raydium is not regulated by any specific financial regulatory authority.

Year founded

2018
2021

Founder

Hayden Adams
AlphaRay and XRay

Payment methods

Transfers

Deposits: Credit card, wire transfer (via MoonPay or Transak), cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

Yes, Uniswap supports deposits via Mastercard through third-party services like MoonPay or Transak.
No, Raydium does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

Yes, Uniswap supports deposits via wire transfer through third-party services like MoonPay or Transak.
No, Raydium does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

Yes, Uniswap supports deposits via credit card through third-party services like MoonPay or Transak.
No, Raydium does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

Uniswap FEATURES Raydium
Uniswap allows for very small trades, accommodating users who wish to trade minimal amounts, enhancing accessibility for all types of investors.
Minimum Trade
Raydium allows relatively low minimum trades, accommodating users who wish to start with small amounts.
Uniswap charges a flat 0.3% per trade, which is competitive within the decentralized exchange landscape but can be higher compared to some centralized exchanges.
Trading and Transaction Fees
Raydium offers extremely competitive fees, with low trading costs thanks to the efficiency of the Solana network.
Supports a wide array of ERC-20 tokens, providing extensive variety for traders seeking to explore different cryptocurrencies.
Number of Cryptocurrencies
While Raydium supports a variety of SPL tokens, its selection is less diverse compared to larger exchanges.
Offers numerous trading pairs exclusively for crypto-to-crypto transactions, utilizing an automated liquidity protocol.
Crypto-to-Crypto Trading Pairs
It provides a good range of trading pairs, focusing on quality and liquidity, especially within the Solana ecosystem.
The website provides clear information about its processes and liquidity pools; however, some users may seek more detailed data on token metrics.
Website Transparency
The website offers clear information about trading processes and fees, though could improve on team transparency.
Primarily operates on the Ethereum network, which may limit users exclusively looking for multi-chain interactions.
Credit/Debit Card
Limited to the Solana network, which, while fast and cheap, restricts users looking for multi-chain trading options.
As a decentralized exchange, it does not offer custodial storage services, requiring users to manage their own wallets.
Storage Offering
As a DEX, Raydium does not offer custodial storage, relying on users to manage their wallets securely.
Offers liquidity providers the chance to earn fees from trades involving their liquidity pools, but lacks direct staking rewards.
Staking and Rewards
Offers robust staking options and rewards, making it an attractive platform for users looking to earn through DeFi activities.
The website is user-friendly and well-designed for trading with ample educational resources but could use enhancements in navigational aspects.
Mobile App and Desktop
Raydium’s website is user-friendly and well-designed, making navigation and trading simple and efficient for all user levels.
Limited customer service options; support mainly available through community channels and documentation, not direct support lines.
Customer Service
Limited customer support options with no live chat or 24/7 service, which can be a downside for users needing immediate help.
As a DEX, deposit and withdrawal processes are handled through user wallets without direct interaction with the platform, offering high flexibility but less guidance for new users.
Deposit and Withdraw
Deposits and withdrawals are handled through users’ wallets with no intermediaries, enhancing security but requiring user diligence in transactions.

Key features

Analysis tools

Trading charts, liquidity pool analytics, historical price data, and transaction volume statistics.
Trading charts, order book, liquidity pool analytics, and price impact indicators.

Mobile APP

No, Uniswap does not have a dedicated mobile app, but it can be accessed via mobile browsers.
No, Raydium does not have a dedicated mobile app, but it can be accessed via mobile browsers.

Security

Uniswap is renowned for its security, having undergone multiple high-profile audits and boasting a long track record of safe operation. Its decentralized nature and robust smart contracts provide a secure trading environment.
Raydium benefits from the high security standards of the Solana blockchain. It has implemented multiple audits and employs advanced security practices to safeguard user assets and transactions.

Additional features

Uniswap V3 introduces concentrated liquidity, allowing liquidity providers to earn more fees with less capital. It also supports NFT positions and has an automated market maker (AMM) model for efficient trading.
Raydium offers AcceleRaytor for launching new projects, dual yield farming, integration with the Serum DEX for advanced trading, and staking opportunities for RAY tokens with additional rewards.

Anonymity

Yes, Uniswap permits anonymous trading through wallet connections, without the need for personal information.
Yes, Raydium allows for anonymous account usage through wallet connections on the Solana blockchain.

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC) through wrapped tokens (WBTC), Tether (USDT), USD Coin (USDC), Uniswap (UNI), and a vast range of ERC-20 tokens.
Solana (SOL), Raydium (RAY), Ethereum (ETH), Bitcoin (BTC), USD Coin (USDC), and multiple SPL tokens on the Solana network.

User-friendliness

Uniswap is one of the most popular DEXs and is known for its simplicity and ease of use. The platform’s clean interface and straightforward swapping mechanism make it ideal for beginners, although high Ethereum gas fees can be a drawback.
Raydium provides a seamless user experience with its integration into the Solana ecosystem, offering fast and low-cost transactions. The platform is relatively easy to use, but new users might need some time to get accustomed to the Solana-based operations and features.

Value for money

Uniswap offers great value, particularly due to its user-friendly interface and extensive liquidity. However, high Ethereum gas fees can detract from its cost-effectiveness for smaller trades. Despite this, its efficient swapping and liquidity provisions are valuable.
Raydium is cost-effective due to its integration with the Solana ecosystem, offering low transaction fees and high-speed trades. Its dual liquidity provision (AMM and Serum DEX order book) maximizes value for users seeking efficiency and low costs.

Countries of operation

Available globally, no specific country restrictions.
Available globally, focusing on regions supporting Solana.

Best for

Ideal for beginners due to its user-friendly interface and vast liquidity. It’s also a great choice for experienced traders who appreciate its pioneering role in the DeFi space and the broad range of tokens available for trading.
Ideal for both new and experienced traders who value fast and low-cost transactions on the Solana network. Its integration with the Serum DEX provides advanced trading capabilities, making it a good fit for those looking for both simplicity and depth.

Account

Trading

Uniswap is the largest and most well-known DEX on the Ethereum network, offering high liquidity and a vast selection of tokens. It pioneered the automated market maker model and continues to lead in innovation. However, high gas fees on Ethereum can be a barrier for smaller trades.
Raydium operates on the Solana blockchain, providing high-speed and low-cost transactions. It integrates with Serum, offering deep liquidity pools. Raydium is excellent for traders looking for fast transactions but still lacks the extensive token support found on Ethereum-based DEXes.

Deposit and withdrawal

Uniswap operates on the Ethereum network, requiring users to connect Ethereum wallets such as MetaMask for deposits and withdrawals. While it offers a high level of security and control, Ethereum’s high gas fees can make transactions costly, especially for smaller trades. Users must manage their wallets and stay aware of fee fluctuations.
Raydium utilizes the Solana blockchain, offering fast and low-cost deposits and withdrawals. Users can connect Solana-compatible wallets, such as Phantom or Sollet, to trade. The efficient transaction process is appealing, but users must handle wallet management and security themselves.

Account opening process

Uniswap, built on the Ethereum network, allows users to trade by connecting their Ethereum wallets like MetaMask. There is no need for account registration, ensuring user privacy and control. While the process is simple, users must handle their own wallet security and be aware of Ethereum’s potentially high transaction fees.
Raydium utilizes Solana-compatible wallets like Phantom for users to start trading. The process involves connecting the wallet to the platform without any formal registration, ensuring user privacy and ease of access. This approach is efficient but requires users to be diligent about wallet management and security.

KYC required?

No, KYC is not mandatory for using the platform.
No, KYC is not mandatory for using the platform.

Customer Service

Uniswap relies on community support through forums, Discord, and social media, supplemented by comprehensive documentation and FAQs. This decentralized support model encourages user self-reliance but may not meet the needs of those seeking direct and personalized customer service.
Raydium offers customer support through community forums, social media, and its help center, which includes comprehensive documentation and FAQs. The community-driven support is robust, but users who prefer direct customer service may find this approach lacking in immediacy and personalization.

Security

Uniswap is renowned for its security, having undergone multiple high-profile audits and boasting a long track record of safe operation. Its decentralized nature and robust smart contracts provide a secure trading environment.
Raydium benefits from the high security standards of the Solana blockchain. It has implemented multiple audits and employs advanced security practices to safeguard user assets and transactions.

Which of these exchanges is for you?

As an expert on our platform, I must point out Uniswap as an exemplary decentralized exchange for anyone looking to engage deeply with the crypto market. Its automated liquidity protocol is revolutionary, simplifying the trading process without needing traditional order books. For those interested in a vast array of ERC-20 tokens and providing liquidity to earn passive income, Uniswap is a platform that consistently leads in innovation and user empowerment in the DeFi space.
As an expert closely following the developments in decentralized exchanges, I highly recommend giving Raydium a try, especially for those intrigued by the DeFi space and looking for low transaction fees and fast trades. The platform’s unique integration with Serum DEX and its operations on the Solana blockchain offer a seamless trading experience. However, keep in mind the importance of staying informed about the blockchain’s performance and diversifying your DeFi activities to manage risks effectively. Happy trading!

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong, any exchange can have problems.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Comparison of Uniswap vs Raydium [ 2024 ]