tl;dr
Ethereum decentralized exchange Uniswap launched its V4 platform, offering cheaper liquidity pools and new development opportunities. Developed by over 100 community members, Uniswap V4 is live on 12 chains, including Ethereum mainnet, layer-2 networks like Arbitrum and Base, Avalanche, and BNB Chai...
Uniswap V4, the latest version of the Ethereum decentralized exchange, has been launched, offering cheaper liquidity pools and new development opportunities. This update, developed by over 100 community members, is now live on 12 chains, including Ethereum mainnet, layer-2 networks like Arbitrum and Base, Avalanche, and BNB Chain.
Key improvements in Uniswap V4 include a 99.99% reduction in liquidity pool costs and the introduction of hooks for developers to customize pools, swaps, fees, and pool positions, with over 150 hooks already developed. These changes aim to expand DeFi ecosystems, enhance user experience for protocol teams, and enable developers to build new DeFi applications. The update is accessible for liquidity providers, with V4 token swaps rolling out soon.
Uniswap’s V2 and V3 have facilitated over $2.75 trillion in swaps, and V4 underwent extensive security measures, including a $15.5 million bug bounty and nine security audits. In October 2024, Uniswap Labs announced plans for its layer-2 network, Unichain. The native governance token UNI is currently priced at $12, down 1% in the last 24 hours.
Uniswap V4 represents a significant milestone in the evolution of DeFi, offering heightened accessibility and customization for developers and protocol teams. With its wide-reaching impact across various chains, the update is poised to drive further innovation and growth within the cryptocurrency space, bolstered by robust security measures and a clear path for future development.