Uniswap Labs has officially launched Uniswap v4, the latest upgrade of the popular decentralized exchange, with various improvements and features.
Updates and New Features
Uniswap v4 includes enhancements to user experience, cost reduction, and capital efficiency. Key updates include a 99.99% reduction in pool creation costs, improved capital efficiency, and native ETH support. New features such as Hooks, dynamic fees, and flash accounting are introduced.
Network Integration and Usage
Upon release, Uniswap v4 is available on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. Users and liquidity providers can deposit funds via the Uniswap web app, with token swapping to be rolled out as liquidity migrates.
History and Security
Uniswap v4 builds on the success of v3, launched in May 2021, known for its concentrated liquidity. The Uniswap team emphasizes the rigorous auditing process for v4, which included a $2.35 million security competition with over 500 participants and a $15.5 million bug bounty program.
The launch of Uniswap v4 marks a significant step in the platform’s development, offering substantial improvements in functionality and security to its users.
