Every comparison
Which one, and why
You are trading on Base, where Aerodrome concentrates most of the incentives and a large share of the liquidity.
Full Aerodrome pageYou are moving between networks and you want the same familiar venue with deep pools on each of them.
Full Uniswap pageOn Base specifically, check Aerodrome, because the vote escrow model pulls liquidity toward whichever pools are being rewarded and that is often where the best price sits. Everywhere else, Uniswap.
The specifications
| Aerodrome | Uniswap | |
|---|---|---|
| Networks | Base | Ethereum, Base, Arbitrum, Optimism, Polygon, BNB Chain, Unichain and more |
| Model | ve(3,3) vote escrowed AMM | Automated market maker, v2 constant product and v3 concentrated liquidity |
| Live since | 2023 | 2018 |
| In one line | The liquidity engine of Base, by a wide margin. | The DEX that invented the model everyone else copied. |
The parts that change the answer
The vote escrow model
Aerodrome lets lockers direct emissions to particular pools, so liquidity follows the rewards. That produces deep pools in unexpected places and it means the map changes as the voting does.
One chain against many
Aerodrome is a Base project. Uniswap is deployed across the major networks, so it is the venue you can carry with you.
What that means for a swap
On a Base pair, quote both. The difference on an incentivized pool can be larger than the fee difference you were looking at.
Common questions
Is Aerodrome only on Base?
What does ve(3,3) mean?
Which should I use on Base?
Want a second opinion on your own setup?
A comparison page cannot see what you already hold or what you are trying to do. On a call we can, and we will tell you when the honest answer is that it does not matter.