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Uniswap Labs has announced that developers will have access to the fourth version of the leading decentralized exchange, Uniswap (UNI), this week. Developers will be able to test the new version and assess the on-chain “hook” and integration features. The organization indicated that the complete roll-out of the new version is expected next week. The statement from Uniswap Labs noted, “We expect to fully launch new contracts next week.”
Faster Transactions and Lower Gas Fees
Uniswap V4 brings numerous innovations compared to previous versions. One of the most notable features is the “singleton” liquidity architecture. This new approach consolidates liquidity through a single smart contract, thereby increasing transaction speeds and lowering gas fees, resulting in a smoother user experience.
Another significant innovation will be the enhancement of the protocol’s modular structure. The introduction of “hook” contracts will allow developers to customize liquidity pools. This feature simplifies the addition of various functionalities to the platform for developers.
Why Was Uniswap V4’s Launch Delayed?
Initially planned for release in 2024, the launch of Uniswap V4 has been delayed for various reasons. The organization cited code audits and security competitions as the main reasons for the delay. These processes were undertaken to enhance user security and strengthen the platform’s integrity.
The new version is considered a significant advancement not just for developers but also for all users in the crypto market, particularly in DeFi. Uniswap V4 is expected to improve user experience and transaction efficiency. Market participants believe that successes in this area could increase interest in the network’s UNI coin.
