Uniswap Labs, the developer of the leading decentralized exchange Uniswap, announced in February last year that its latest version, Uniswap v4, was tentatively scheduled to be launched in Q3 2024 after the Ethereum Dencun upgrade, but its v4 version has been in the testing phase throughout 2024 and has not yet announced a launch date.
Uniswap v4 to be launched this year
However, with the new year approaching, Uniswap Labs tweeted on the 2nd that Uniswap v4 will be officially launched in 2025, but did not specify when exactly it will be released this year.
Uniswap had previewed last year that 2025 will have many surprises:
From v4, Unichain to other surprises... 2025 is going to be a very pink year.
What are the features of Uniswap v4?
In June 2023, Uniswap founder Hayden Adams published his vision for Uniswap v4 and released the draft stage code, stating that this version can be developed in public, accept feedback, and promote substantive community contributions, which is expected to be a process lasting several months.
The previous major update to the Uniswap protocol was v3, launched in May 2021, which provided upgrades such as concentrated liquidity, allowing providers to allocate liquidity within a customized price range.
Before the official launch of v4, in November last year, the Uniswap team launched a bug bounty program of up to $15.5 million for its v4 core smart contracts, which is still ongoing, offering bounties starting at $2,000 for discovering unique vulnerabilities that lead to code changes.
Uniswap v4 will bring about a significantly different architectural change from previous versions, including some key features such as Hooks, which will allow developers to execute custom code before and after trades, enabling functionalities like limit order trading, custom oracles, fee management, and automated liquidity management.
Additionally, v4 will also include dynamic fees, gas savings, instant settlement, native ETH support, and multiple pool types.
Further Reading:How does Uniswap V4 implement limit order trading with the "Hooks" feature?
Uniswap remains the leading DEX
According to data from defillama, DEX trading volume hit a new high in December, soaring to $462 billion, and Uniswap remains the largest decentralized exchange by trading volume, with $106 billion in trading volume that month. However, despite its dominance as the leading DEX, the price of Uniswap's native token UNI currently stands at $14.2, down 69% from its all-time high in 2021.
