Uniswap V4 Launches with Multi-Chain Support and 99.99% Gas Savings
Uniswap has launched its next-generation decentralized exchange, Uniswap V4, after extensive research and development. The project involved collaboration with code contributors, nine audits, and a $15.5 million bug bounty program.
Key points about Uniswap V4 include:
- Available on multiple blockchains: Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, Avalanche, Zora Network.
- Supports unlimited customization through hooks and modular plugins for pools, swaps, fees, and LP positions.
- Over 150 hooks developed for features like dynamic fees and automated liquidity management.
- New pool creation costs are reduced by up to 99.99% compared to previous versions, leading to cheaper gas fees.
Market Impact
The launch coincides with increased mainstream adoption of digital assets. Uniswap has recorded over 16 million all-time swappers and a net volume of $2.2 trillion since inception. Following the announcement, the price of UNI rose by more than 3% to approximately $12.43.
This rebound comes after a 40% correction since early December 2024, with potential further increases anticipated as institutional investments grow.