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- 1 Uniswap revealed the tentative launch date for the latest version.
- 2 Uniswap v4 is based on the “hook” concept and is supposed to be introduced in Q3 2024.
Uniswap, one of the most vastly used Decentralized Exchanges (DEX) on the Ethereum blockchain, made a big statement on Uniswap v4 on X (Twitter). On February 15, 2024, the exchange announced the arrival of the protocol’s fourth iteration in Q3 2024.
Uniswap V4’s Tentative Release Date
Uniswap Foundation, once introduced the concept of “hook,” finally revealed the tentative date for the new update launch.
The decentralized exchange anticipated that the v4 code would undergo comprehensive auditing to make it one of the most accurate codes in the Ethereum environment. Thus, it ensured a secure and seamless launch.
The arrival of Ethereum’s Dencun upgrade in March 2024 is supposed to activate the key Ethereum Improvement Proposals (EIPs), mainly EIP 4788, EIP-1153, and EIP-4844.
EIP-1153 is particularly relevant to Uniswap v4 as it enables transient storage. The proposal permits “flash accounting” to cut gas fees significantly and facilitates blending various operations at different stages in a liquidity pool’s lifecycle.
Additionally, EIP-1153 opens the design space for Uniswap v4, permitting integrating different operations with a liquidity pool to optimize the smart contract working.
Even though the update is expected to launch in Q3 2024, the developers have currently frozen the code for security improvements and testing the applicability.
Like Uniswap v3, the upcoming version will be processed under license 1.1 to ensure that the code can’t be duplicated or forked for commercial or personal use. After four years of launch, the version will be converted to the GPL license.
What’s on the Plate?
The latest version of Uniswap is set to revolutionize the DEX ecosystem, focusing on cost-efficiency and customization. The new version is entirely based on the concept of “hook,” a custom code that ensures that the pools live in a single, smart contract.
Hooks are unique code pieces that include custom liquidity pool features. Focus on customization and gas efficiency permits developers and liquidity providers control over the pool operations.
Whether for integration with smart contracts or developing fees, the hook concept will offer a more adaptable and efficient tool in the Decentralized Finance (DeFi) pool.
Another feature that makes Uniswap v4 a standout performer is its singleton architecture. The architecture diverted its path from the traditional factory model used in the platform’s early versions.
The model converges all liquidity pools in a single smart contract, offering a wide range of benefits, including cost efficiency, ease of integration, high-level flexibility, and improved asset management. The Singleton model upsurges gas efficiency and functional flexibility to a user-friendly and streamlined trading platform.
Uniswap is a giant DEX on the Ethereum blockchain that allows individuals to trade crypto without any third-party involvement. The platform was launched on November 2, 2018, by Hayden Adams.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
