Uniswap v4 has launched on multiple blockchains, with swapping features coming soon for all users.
Uniswap Labs, the organization that is responsible for the decentralized exchange known as Uniswap, has recently announced that its fourth-generation protocol is now accessible to the general public.
The upgrade includes enhancements that are designed to increase the operability of developers and the liquidity of on-chain transactions. The company has announced in a blog post that as of the 31st of January, Uniswap version 4 is now available on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network.
In the beginning, the company intended to launch version 4 in the previous year. On the other hand, there were delays because of thorough code audits to guarantee the protocol’s security and several hackathons to stress test the code.
In addition, the team conducted nine audits of the code for version 4, and they even offered a bug bounty of $15.5 million in order to address any outstanding concerns over the architecture.
In Uniswap version 4, the introduction of “hooks” and the singleton liquidity architecture are two of the most major changes added to the software.
At the time that version 4 was announced, Hooks in particular garnered a lot of attention because the upgrade promised to transform Uniswap into a decentralized program that is focused on users who are developers.
The Labs say that Hooks are blockchain contracts that were created so that different architectures could be made for liquidity pools, on-chain swaps, and cryptocurrency fees.
Hooks are compatible with the singleton liquidity framework, which integrates Uniswap liquidity into a single smart contract.
Engineers at Uniswap stated that the new liquidity architecture should make it possible to conduct transactions at lower costs and swaps at a faster rate in order to improve the overall experience for end users.
