Uniswap v4, a cryptocurrency exchange, is now operational on various platforms like Ethereum, Polygon, and Arbitrum.
In a remarkable development, Uniswap, a decentralized crypto exchange (DEX), has introduced Uniswap v4, transforming the protocol into a comprehensive developer platform. The exchange functions will be launched in the coming days, and Uniswap v4 is now live and operational across multiple platforms.
Uniswap V4 is now operational on a variety of platforms
Uniswap has announced the release of its fourth version, Uniswap v4, in an official blog entry. Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network are among the platforms that offer the version.
The crypto exchange published an X post to announce the release of its most recent iteration, which read, “Uniswap v4 is here.” The platform integrated the ability for users to provide liquidity through the web application. The exchanging capabilities will be implemented on the web and in the wallet in the coming days as liquidity transitions to V4.
Uniswap v4 is here
— Uniswap Labs
Users can LP on v4 through the Uniswap web app and swapping is rolling out over the coming days on web and wallet as liquidity migrates to v4
Live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network pic.twitter.com/fXC9GHEsaL(@Uniswap) January 31, 2025
Customizable Developer Platform
According to reports, Uniswap v4 follows in the footsteps of versions 2 and 3, which have processed over $2.75 trillion in trading volume without any breaches. The DEX introduces the new iteration as the most cost-effective and customizable option.
The platform revolutionizes the protocol and converts it into a developer platform with limitless customization capabilities. It utilizes modular plugins known as “hooks.” The platform introduces features such as automated liquidity management and dynamic fees, available through over 150 customizable interfaces. It promotes innovation and experimentation in DeFi by facilitating quicker development and deeper liquidity.
It is important to note that the platform reduces the cost of pool creation by up to 99.99% compared to previous iterations. Uniswap, the premier cryptocurrency exchange, announced on X that “pools on v4 are anticipated to be 99.99% less expensive to establish, and swappers can anticipate substantial savings on multi-hop swaps.”
Version 4 is founded on the principles of transparency and security
Notably, the Uniswap crypto exchange team has guaranteed that the v4 is being developed as the “most audited codebases ever deployed onchain.”
According to the records, the team has conducted nine audits and a $2.35M security competition with over 500 participants to evaluate the version’s security. Furthermore, the protocol’s most extensive bug bounty program guaranteed the protocol’s security and integrity. A critical flaw was not discovered in the competition or the bug bounty program.
UNI Trades in Red Despite the Launch of Uniswap V4
Although Uniswap v4 was released, the UNI price is presently at $12.03, which is in a hostile zone. The token has experienced a marginal decline of 1.03% over the past 24 hours.
Nevertheless, UNI has experienced substantial declines of 6% and 11% in the past week and month, respectively. UNI’s 24-hour trading volume, presently at $299.19 million, has decreased by 14% despite its market capitalization of $7.23 billion.
