Uniswap hinted at launching the latest version of its DeFi platform in 2024, following a year of testing and development.
After failing to meet its previous deadline of Q3 2024, decentralized exchange Uniswap hinted that its most recent iteration, Uniswap v4, would be released “shortly.”
On January 2, Uniswap Labs posted a teaser on X that featured an image of the year 2025 with the caption “v4 is coming soon.”
The image was created using Unicode. It did not specify the date on which it will be released this year.
Uniswap Labs announced in a post on December 31 that 2025 will be a year of great excitement.
They continued, “Between v4, Unichain, and a few other surprises… it’s going to be a very pink year.”
Hayden Adams, the originator of the protocol, shared his vision for Uniswap v4 in June 2023 when he released the draft code.
He stated that the project could be developed in the public with the help of a meaningful community contribution and open feedback.
At that time, he stated, “We anticipate that this will be a lengthy process that will last for several months.”
The team announced in February that v4 would be tentatively introduced in the third quarter of the year following the Ethereum Dencun upgrade.
Nevertheless, the fourth iteration of the widely used decentralized exchange remained in the experimental phase throughout 2024.
The team announced a $15.5 million bug bounty for its v4 core smart contracts in November, in anticipation of the launch.
The program, which is currently in progress, provided payments beginning at $2,000 for the identification of distinctive vulnerabilities that led to code modifications.
The most recent significant update to the protocol was v3, which was released in May 2021.
This update included improvements such as concentrated liquidity, which allowed providers to allocate liquidity within a custom price range.
Uniswap v4 will be a substantial architectural departure from its predecessors, featuring several critical features, such as Hooks, which will enable developers to execute custom code both before and after exchanges.
Limit orders, automated liquidity management, custom oracles, and fee management will be enabled.
Additionally, it will incorporate flash accounting, native ETH support, multiple pool types, gas savings, and dynamic fees.
In December, DEX trading volumes reached a record high of $462 billion, and the platform remains the largest DEX by trading volume, with a total of $106 billion for the period, according to DefiLlama.
In the interim, the native token of Uniswap has increased by 6% on the day, reaching $14 at the time of writing.
Nevertheless, CoinGecko reports that the DeFi asset is currently down 69% from its all-time peak of $44.92 in May 2021.
