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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.

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xxx 2y ago

1. Your CeFi can suck at liquidity as well. Uniswap has better rates than FixedFloat for some pairs, even though it's DeFi. Liquidity = popularity and ThorSwap is not yet very popular.

2. Coin support is good enough, and actually supporting an excess of shitcoins will hurt trust. I agree that BTC-LN should be supported, though. The dev team has suggested this is on the radar. I also think XMR should be supported.

3. "Manual deposit" makes no sense -- this is DeFi, not CeFi. Assuming you build the correct blob, you can of course make any transaction (swap, earn, LP) against ThorSwap manually. The wallet connection is a frontend convenience aspect.