Uniswap Labs teased upcoming v4 release, emphasizing features like “Hooks” for customizable swaps and promising advancements.
Decentralized exchange (DEX) Uniswap recently assured its users that its latest Uniswap v4 version shall be coming soon. Scheduled for launch earlier in Q3 2024, the DEX is already facing delays in launching its latest iteration.
On Thursday, January 2, Uniswap Labs posted a teaser featuring an image made with Unicode that shows the year 2025 with the caption “v4 is coming soon”. However, the decentralized exchange (DEX) hasn’t mentioned any specific timeline for the same.
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⠀ ⠀ ⠀ ⠀ v4 is coming soon
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┗━━┛┗━━┛┗━━┛┗━━┛— Uniswap Labs 🦄 (@Uniswap) January 1, 2025
Earlier this week on December 31, Uniswap Labs stated that there’s much in store for this year in 2025. It added:
“Between v4, Unichain, and a few other surprises… it’s going to be a very pink year.”
Last year in June 2023, Uniswap founder Hayden Adams shared his vision for Uniswap v4 by releasing a draft code and inviting open feedback and community contributions. He also mentioned that the development would be a months-long process.
The team further indicated that v4 was tentatively scheduled for release in the third quarter of the year, following the Ethereum Dencun upgrade. However, despite these plans, the fourth iteration of the decentralized exchange remained in the testing phase throughout 2024.
Back in November 2024, the Uniswap team announced a bug bounty program for the v4 core smart contracts ahead of the launch. This program offers payouts starting from $2,000 for identifying unique vulnerabilities that lead to code changes.
Uniswap v4 Will Have Major Updates
Uniswap’s last major update, v3, launched in May 2021, introduced innovations like concentrated liquidity, allowing liquidity providers to allocate funds within specific price ranges. Now, the upcoming v4 promises a substantial architectural overhaul with groundbreaking features.
One of the key enhancements with Uniswap v4 would be “Hooks” which will allow developers to execute custom code before and after the swaps. This functionality will later support advanced features such as limit orders, fee management, custom oracles, and automated liquidity management. Some of the other notable upgrades that it plans to bring are gas savings, dynamic fees, native ETH support, flash accounting, and multiple pool types.
The v4 release will likely come just when the Ethereum decentralized exchange (DEX) is seeing massive trading activity. December trading volumes hit a record $462 billion, with Uniswap retaining its position as the largest DEX by volume, contributing $106 billion, according to DefiLlama.
On the other hand, Uniswap’s native token UNI UNI $5.26 24h volatility: 1.2% Market cap: $3.16 B Vol. 24h: $68.07 M is up 6% trading at $14 amid a broader market recovery. Despite the recent uptick, the token remains 69% below its all-time high of $44.92, set in May 2021.
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