Uniswap has officially launched Uniswap V4, an upgraded decentralized exchange focused on developers and liquidity providers. Core functionalities will roll out in the coming days.
Uniswap V4 Expands to Networks
Uniswap announced the release of its V4 version in a blog post. The upgrade is available on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. Users can already provide liquidity through the web application, with trading capabilities soon to be available via web and wallet interfaces. The new version builds on the architecture of Uniswap V2 and V3, providing a modular approach with 'hook' plugins for customization. This upgrade aims to lower costs for developers and introduce innovations like dynamic fees and automated liquidity management.
Enhanced Security and Transparency
The Uniswap team emphasizes that V4 is one of the most audited smart contract codebases. With nine audit rounds, contributions from over 500 security researchers, and a $2.35 million security contest, the protocol has undergone extensive testing. Additionally, its bug bounty program further fortifies its security, with no critical vulnerabilities detected.
UNI Token Faces Market Downtrend
Despite the successful launch of Uniswap V4, the UNI token remains in negative territory. Its current price is $12.03, reflecting a 1.03% drop in the past 24 hours. Over the past week and month, UNI has decreased by 6% and 11%, respectively. UNI’s market capitalization stands at $7.23 billion, while 24-hour trading volume has decreased by 14% to $299.19 million. While the Uniswap V4 upgrade introduces new opportunities for the DeFi ecosystem, short-term market movements continue to be a focal point for investors.
The launch of Uniswap V4 marks a significant step in the evolution of decentralized exchanges, offering enhanced features for developers and users. However, the short-term dynamics of the UNI token continue to impact investor decisions.
