Thorswap is an ambitious DeFi project that aims to allow native swapping of coins. So unlike uniswap, it does not wrap tokens, but support native token swaps. However , i find 3 weaknesses compare to its competitor, in particular the centralized Fixed float

1. Liquidity sucks, so the spread is bigger (See the screenshot).

2. Number of coin support is low, you don't usdt trc20 nor BTC LN.

3. It is more technical. It does not support manual depositing of coin (need wallet connection) so it will be a turn off for many user.

Thor also has its history of hacks. While they have patch them, it will cause issue with trust.