Uniswap v4 Goes Live: Expands DeFi Capabilities Across Ethereum and L2s

In an astonishing development, decentralized crypto exchange (DEX) Uniswap has unveiled Uniswap v4, transforming the protocol into a comprehensive platform for developers. Uniswap v4 is now live and operational across multiple platforms, with exchange functions launched in a few days.

Uniswap V4 Goes Live Across Multiple Platforms

In an official blog post, Uniswap announced the release of its version 4, Uniswap v4. The version is available across multiple platforms including Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network.

The crypto exchange shared an X post to introduce its latest version, stating, “Uniswap v4 is here.” The platform added that users could provide liquidity via the web app. The swapping capabilities will be introduced on web and wallet over the next few days as liquidity shifts to V4.

Developer Platform Supporting Customizability

Reportedly, Uniswap v4 comes on the heels of versions 2 and 3, which have processed over $2.75 trillion in trading volume, marking zero hacks. The DEX introduces the new version as the most customizable and less costly one.

Through modular plugins called “hooks,” the platform revolutionizes the protocol and transforms it into a developer platform with limitless customization capabilities. With 150+ customizable hooks, the platform introduces features like dynamic fees and automated liquidity management. It enables faster development and deeper liquidity, driving innovation and experimentation in DeFi.

Notably, the platform reduces pool creation costs by up to 99.99% compared to previous versions. Uniswap, the top crypto exchange, posted on X, “Pools on v4 are expected to be 99.99% cheaper to create, and swappers can expect significant savings on multi-hop swaps.”

Version 4 Built on Transparency and Security

Significantly, the Uniswap crypto exchange team has assured that the v4 is developed as the “most audited codebases ever deployed onchain.”

As per records, the team has tested the version’s security through nine audits and a $2.35M security competition with over 500 participants. In addition, the largest bug bounty program ensured the protocol’s security and integrity. Neither in the competition nor in the bug bounty program was a single critical bug found.

UNI Trades in Red Despite Uniswap V4 Launch

Despite Uniswap v4 release, the UNI price is in a negative zone, currently at $12.03. Over the past 24 hours, the token has faced a marginal decline of 1.03%.

However, UNI has seen notable dips of 6% and 11% over the last week and month, respectively. With a market cap of $7.23 billion, UNI’s 24-hour trading volume has also decreased by 14%, currently at $299.19 million.