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Decentralized crypto exchange Uniswap has launched Uniswap v4, a comprehensive platform for developers. With the exchange functionalities set to commence in the coming days, Uniswap v4 is now active on multiple platforms.
Available on Multiple Platforms
In an official blog post, Uniswap announced the release of version 4. This version is available on many platforms, including Ethereum 
$2,663, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. It enables users to provide liquidity through a web application, with exchange capabilities being offered soon through web and wallet interfaces.
Uniswap v4 builds on its predecessors v2 and v3, boasting over $2.75 trillion in trading volume and a record of zero hacks. The new version offers limitless customization options for developers, thanks to modular plugins called “hooks.” It particularly supports DeFi innovation with features like dynamic fees and automated liquidity management.
Innovations in Security and Transparency
The Uniswap team emphasized that the v4 version contains one of the most audited codebases that has never been published on-chain. The security of this version was tested through nine rounds of audits and a $2.35 million security competition involving over 500 participants. Additionally, the protocol’s security was guaranteed through the largest bug bounty program, with no critical errors found.
Uniswap Labs stated, “The cost of creating pools in V4 is expected to decrease by 99.99%, allowing users to save significantly on multi-transactions.”
Despite the launch of Uniswap v4, the UNI token remains in negative territory. Currently priced at $12.03, UNI has experienced a 1.03% decrease over the last 24 hours, with weekly and monthly drops recorded at 6% and 11%, respectively. The market cap for UNI stands at $7.23 billion, with a 14% decrease in 24-hour trading volume to $299.19 million.
While the launch of Uniswap v4 creates new opportunities within the DeFi ecosystem, the short-term price movements of the UNI token stand out as a noteworthy concern for potential traders.
