When comparing Launchy vs Ulauncher, the Slant community recommends Ulauncher for most people. In the question“What are the best Linux app launchers?” Ulauncher is ranked 5th while Launchy is ranked 13th.
Ranked in these QuestionsQuestion Ranking
Pro .deb files available for Debian based distros
For those using Debian based distros Launchy is very easy to install as their website has 32 and 64bit .deb files available. For all other diistros Launchy will have to be compiled from source.
Pro Easily themed with many available on the web
Launchy can be easily themedby placing themes into the Launchy theme folder and then selecting that theme from within the apps settings. There are also many user created themes available which is great for those that want their launcher to match the rest of their OS's theme.
Pro Supports extensions in Python
Pro Able to launch Kdialog, Zenity and Bash scripts
Extensions are easily created. Python script is all open to see. Not compiled like some.
Pro Supports fuzzy search
You can enter app name with a typo and Ulauncher will still be able to find it.
ULauncher supports themes and comes with a good supply on install but more can also be made.
Pro Allows custom shortcuts
Launchy was last updated in 2010.
Con Small selection of plugins
The official plugin page on Launchy's homepage hosts just 11 plugins.