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Steve Muchoki
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Key Notes
- Uniswap has grown to a top-tier DEX with a 24-hour volume of about $1.5 billion and an all-time volume of around $2.2 trillion.
- The Uniswap V4 will entail hooks development to further democratize pool management.
After months of meticulous research, testing, and developments, leading multi-chain decentralized exchange (DEX) Uniswap has unveiled the next-generation version dubbed V4. The Uniswap organization worked closely with the community of code contributors, nine independent audits, and $15.5 million in a bug bounty program to facilitate the development process of the Uniswap V4.
The strategic launch of Uniswap v4 follows the resounding success of the prior versions v2 and v3, which processed more than $2.75 trillion in net trading volume without any hack. From the beginning, the Uniswap V4 will be available on several blockchains including Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network.
As the Uniswap liquidity is gradually migrated to the V4 platform, the DEX has informed users to provide liquidity through the web app page.
Key Features of the Uniswap v4
The Uniswap V4 is a product of months of meticulous development to empower liquidity providers to enable a seamless adoption of digital assets. The Uniswap V4 will entail unlimited customization through hooks and modular plugins that enable developers to build custom logic for pools, swaps, fees, and LP positions.
“Over 150 hooks have already been developed, introducing everything from dynamic fees to automated liquidity management. By allowing developers to build and experiment directly on top of the protocol, hooks enable faster development cycles and stickier integrations,” Uniswap noted.
The Uniswap V4 will also entail cheaper gas for users, as creating new pools is up to 99.99 percent cost saving than previous versions.
The lowest cost version of the protocol yet 🫡
Pools on v4 are expected to be 99.99% cheaper to create, and swappers can expect significant savings on multi-hop swaps
Plus, native ETH support adds significant savings for ETH pairs
— Uniswap Labs 🦄 (@Uniswap) January 31, 2025
Market Impact
The strategic launch of the Uniswap V4 has coincided with the ongoing mainstream adoption of digital assets and web3 protocols. With more new altcoin traders entering the web3 industry through the DEX space, the platform is well-positioned to reap huge benefits.
Furthermore, the platform has recorded more than 16 million all-time swappers with a net volume since inception of $2.2 trillion. The UNI token will be a major beneficiary of the Uniswap V4, fueled by the mainstream adoption of the DEX platform across different chains.
Following the announcement, UNI $6.98 24h volatility: 1.1% Market cap: $4.20 B Vol. 24h: $112.19 M price rallied more than 3 percent in the last 24 hours to trade at about $12.43 on Friday, January 31, 2025. The UNI price relief rebound follows a 40 percent correction since early December 2024.
The ongoing UNI price rebound could follow that of Ethereum BTC $87 629 24h volatility: 1.0% Market cap: $1.74 T Vol. 24h: $30.77 B , as more institutional investors, led by President Donald Trump’s World Liberty Financial (WLFI), bet on an inevitable altseason in the near future.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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