Jump to
Main Blog Technology Uniswap v4 release

Uniswap v4 release

Pic 1

Uniswap is preparing to launch its next major upgrade, Uniswap version 4 (v4). Erin Koen, the governance lead at the Uniswap Foundation, explains that the release is slated for later this year, pending the successful completion of Ethereum's Cancun upgrade and a comprehensive security audit.

Uniswap, which made its debut back in 2018, is the largest decentralized exchange (DEX) on the market. Initially limited to Ethereum, it has now expanded to five more networks: Polygon, Celo, BNB Chain, Arbitrum, and Optimism. As of today, Uniswap’s total TVL is almost $4 billion. Two days ago, the platform celebrated a whopping 200 million swaps.

 

The new features

The v4 upgrade promises several enhancements. One of the standout features is the introduction of “hooks”. These smart contracts will offer users greater customization options in Uniswap's liquidity pools and enable unique methods like dynamic fees, on-chain limit orders, and customized on-chain oracles.

Another noteworthy change is the “flash accounting” system. Unlike the previous v3 model where assets were transferred in and out of pools with each swap, the new system will only transfer net balances. This clever adjustment is expected to significantly reduce fees. But here’s the catch: it relies on the implementation of the proposed EIP-1153 change in Ethereum’s protocol which will be implemented during the Cancun upgrade.

EIP-1153 introduces transient data storage in Ethereum, meaning the data is only stored during a transaction. This will reduce the amount of data stored on the blockchain and make transactions much cheaper. The update is set to be released alongside other changes in the next hard fork called Cancun later this year. Check out the full details of the upcoming changes here.

After the Cancun upgrade activation, Uniswap v4 will undergo a thorough audit. The whole process is estimated to take up to four months.
 

Also read:

The Merge is coming

ERC-4337 review

What is Ethereum

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
The difference between coin and token: understanding crypto assets
Learn
24 April, 2024
The difference between coin and token: understanding crypto assets
Discover the key differences between coins and tokens in the cryptocurrency ecosystem. Learn about their features, roles, and examples in this comprehensive guide.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Top 5 NFT games in 2024: the future of blockchain gaming
Learn
19 June, 2024
Top 5 NFT games in 2024: the future of blockchain gaming
In this guide, the itez team has gathered the freshest and most exciting information about the Play-to-Earn (P2E) segment and NFT games.