According to information posted on the social media platform X, Uniswap is currently in the first phase of developing the fourth version of its DEX platform, which includes finalizing core code, testing, gas optimization, enhancing security, and implementing various other features.
The preparation process for Uniswap v4 will consist of three phases. Following the first phase, v4 will undergo a comprehensive audit and finalization of the programming code. Subsequently, it will progress to the mainnet phase, expected to take place in the third quarter of 2024.
In the previous announcement of v4’s launch, the Uniswap Foundation stated that the biggest change in version 4 lies in the concept of “Hooks.” This mechanism allows developers to customize liquidity pools, adjust transaction fees flexibly, and support new types of transaction orders.
Additionally, there are several adjustments in smart contracts, market-making mechanisms, on-chain oracles, limit orders, and more. Overall, version 4 aims to optimize user trading experience (such as optimizing gas fees) and address the benefits for liquidity providers.
1/ Today, we’re announcing our vision for Uniswap v4 🦄
We see Uniswap as core financial infrastructure & think it should be built in public with space for community feedback and contribution.
An early implementation of the code can be found here:https://t.co/toy3k7plnU pic.twitter.com/9vGJElba2x
— Uniswap Labs 🦄 (@Uniswap) June 13, 2023
Related: DEX Uniswap Launches Rootstock Deployed on Bitcoin Sidechain
Chart of UNI/USDT after this announcement
Following the announcement of the release time for the Uniswap V4 upgrade combined with recent market growth, UNI has risen to the $7.6 range.
Chart UNI/USDT 1D on TradingView at 04:11 AM on February 16, 2024.
