Uniswap has officially launched Uniswap V4, an upgraded decentralized exchange designed for developers and liquidity providers. With core functionalities rolling out over the next few days, Uniswap V4 is now available across multiple platforms.
Uniswap V4 Expands to Multiple Networks
Uniswap announced the launch of its V4 version in a recent blog post. The upgrade is now accessible on Ethereum ($3,251.0), Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche ($33.7), and Zora Network. Users can already provide liquidity through the web application, with trading capabilities set to be enabled via web and wallet interfaces in the coming days.
Built on the foundations of Uniswap V2 and V3, V4 introduces a modular architecture with “hook” plugins, allowing for extensive customization. With over $2.75 trillion in cumulative trading volume and a flawless security track record, the new upgrade aims to reduce costs for developers while enabling innovations such as dynamic fees and automated liquidity management.
Enhanced Security and Transparency
The Uniswap team emphasizes that V4 is one of the most thoroughly audited smart contract codebases ever deployed. 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 solidifies its security, with no critical vulnerabilities detected so far.
Uniswap Labs stated, “With V4, pool creation costs are expected to drop by 99.99%, allowing users to achieve significant savings on multi-step transactions.”
UNI Token Faces Market Downtrend
Despite the successful launch of Uniswap V4, UNI remains in negative territory. The token is currently priced at $12.03, reflecting a 1.03% drop in the past 24 hours. Over the past week and month, UNI has fallen by 6% and 11%, respectively. Furthermore, 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 groundbreaking opportunities for the DeFi ecosystem, the short-term market movement of UNI remains a focal point for investors.
