Uniswap Labs has released an update to the Uniswap protocol, unveiling Uniswap v4. The new version of the decentralized exchange (DEX) supports 10 blockchain networks: Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network.
Uniswap v4 is here?
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 Labs ? (@Uniswap) January 31, 2025
Liquidity pools for v4 are already available through the web application, with swaps to be added in the coming days.
According to the team, the upgrade has “transformed the Uniswap protocol into a developer platform.” The core of the new version is special “hook” contracts that allow detailed customization of parameters for pools, swaps, fees, and interactions between orders.
The creators noted that v4 is the most cost-effective version of the protocol to date. Pool organization will be 99.9% cheaper than in the previous iteration, Uniswap v3. Swap users are promised savings on multi-address exchanges.
According to the team, the development incorporated suggestions from “hundreds of community participants.”
The update’s code underwent nine security audits, and the company paid out $15.5 million as part of a bounty program. No critical vulnerabilities were found.
In July 2023, the Uniswap team announced that they would launch the fourth version of the protocol within four months after the Dencun hard fork on the Ethereum blockchain.
Shortly before this, the creators published a “draft” of the v4 code, which had yet to undergo several audits and refinements.
Analysts at dYdX estimate that by 2025, the trading volume of derivatives on DEXs will reach $3.48 trillion.