Uniswap presented a detailed strategy that will form the basis of the V4 of the protocol. This iteration is expected to become the new security standard in the decentralized exchange (DEX) ecosystem.
Uniswap is scheduled to be updated to version 4 in the third quarter of 2024. The exact timing depends on the deployment of the Dencun hard fork on the Ethereum network, which is expected in March 2024.
Uniswap V4 Launch Roadmap
To ensure that the transition to the new version goes smoothly and does not affect the security of the network, the Uniswap Foundation has developed a comprehensive plan. It includes several audits by well-known companies, as well as a public audit competition.
“Interest in V4 is gaining momentum through community activity, events and Twitter Spaces! At the same time, we believe that V4 should have the most thoroughly tested code ever deployed on Ethereum,” Uniswap noted.
The concept for the fourth version was presented in June 2023. It is already known that it will feature a new modular design based on the use of so-called hooks. These are smart contracts that will allow you to add completely new settings and functions to liquidity pools, such as dynamic adjustment of commissions, creation of new order types and specialized oracles.
What you need to know about Uniswap?
Uniswap appeared in 2018 and has since become one of the leaders in the field of automated market makers (AMM). The project has introduced a new trading mechanism using liquidity pools, which makes trading easier and more accessible to users around the world. It is a decentralized cryptocurrency exchange ( DEX ) that runs on the Ethereum blockchain, supporting the purchase/sale of ETH and ERC-20 tokens. It is based on the technologies of liquidity pools and automatic market making, without the usual order book that centralized exchanges use. As of 2023, this is the leading project among its peers, with a daily trading volume of almost $1 billion.
Last Update and UNI Token
The protocol was updated to version 3 in May 2021. In this iteration, the protocol introduced the concept of “concentrated liquidity,” which allowed liquidity providers to concentrate capital in specific price ranges and optimize fee earnings.
The Uniswap project token increased in price by 12% over the week. It can now be purchased for around $7.5, which is still 83% cheaper than in May 2021, when UNI hit an all-time high of $44.92.
