Uniswap Foundation will launch the fourth version of the protocol in Q3 2024
The upgrade is designed to accommodate the upcoming Dencun hard fork on the Ethereum network
16.02.2024 - 08:50
257
3 min
0
Last updated on Aug 5, 2024
What’s new? Uniswap Foundation has announced that the fourth version of the Uniswap decentralized exchange (DEX) protocol is scheduled to launch in Q3 2024. The upgrade is designed to accommodate the upcoming Dencun hard fork on the Ethereum network and implements key features from the Ethereum Improvement Proposals (EIPs, specifically EIP-4788, EIP-1153, and EIP-4844). This will improve the functionality and efficiency of the decentralized protocol.
What else is known? A key feature that will be implemented once Uniswap v4 is deployed is the concept of hooks, which allows custom logic to be implemented at designated points for pools, swaps, fees, and other positions (LPs).
Hooks allow for dynamic adjustments and expansion of the range of smart contract usage. This concept was introduced on June 13, 2023, at the same time as the announcement of the fourth version of the Uniswap protocol. According to the developers, this functionality provides potentially lower fees and better asset management for end users.
According to the developers, Uniswap v4 is compatible with the Dencun upgrade, specifically EIP-1153, which provides transitory storage. This functionality allows developers to create optimizations for smart contracts, effectively reducing fees (for swap or instant swap transactions) using a method, “flash accounting.”
Uniswap claims that the codebase for v4 will be thoroughly audited to make it “the most thoroughly audited code ever deployed on Ethereum.”
Internal audits will be followed by a comprehensive third-party audit in collaboration with various Web 3.0 auditing companies. A community audit contest is also planned to test the code before launch.
At the moment, the Uniswap v4 codebase is frozen, with security improvements underway and developers preparing for the testing phase.
dYdX overtakes Uniswap in daily trading volume with a $757 million figure
The fourth version of the Cosmos-based protocol was not launched until November 28
Previously, users discovered a feature in the Uniswap v4 repository to check if users have passed the identification procedure (KYC).
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 285
BTC
+3.16%
-
Ethereum
$3 328.95
ETH
+7.68%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.11
XRP
+1.4%
-
Dogecoin
$0.383352
DOGE
+0.42%
-
Cardano
$0.79164
ADA
-4.39%
-
Bitcoin Cash
$481.66
BCH
+8.04%
-
Polkadot
$5.79
DOT
-0.32%
-
Stellar XLM
$0.238659
XLM
-6.38%
-
Litecoin
$88.31
LTC
+4.02%