Uniswap has officially launched v4, the most advanced version of its decentralized exchange (DEX) protocol, which is accessible to a wide range of DeFi users.
As per the announcement, the update is now live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. It was built in collaboration with hundreds of developers and community members.Â
In Uniswap v4, one of the biggest innovations is hooks, which are smart contract plugins that allow developers to customize how liquidity pools, swaps, fees, and positions work.
This means any user can create new features like dynamic fees, automated liquidity strategies, or unique trading mechanisms. Over 150 hooks have been built, which show the potential for more advanced and user-friendly DeFi applications.
Uniswap v4 is the most cost-effective version of the protocol so far, with the creation of new liquidity pools being 99.99% cheaper than in previous versions.
Swaps, especially those that involve multiple steps (multi-hop swaps), now require significantly less gas for both traders and liquidity providers (LPs). Additionally, native ETH support eliminates the need to wrap ETH (wETH), saving users even more on transaction costs.
Additionally, security was a top focus for Unisawp v4. It went through nine security audits, a $2.35 million competition, and the biggest bug bounty program ever, offering up to $15.5 million for finding critical issues. After all this testing, no major bugs were found, ensuring a safe and reliable platform for users.
Liquidity providers (LPs) can move their existing liquidity to v4 or create new positions using hooks. For traders, the swapping feature will be available in the coming days on Uniswap’s web app and wallet. Trades will automatically route through UniswapX, v2, v3, and v4 to ensure the best price and liquidity.
How to Access Uniswap v4:
- Swappers: No action needed. Swaps will automatically route through v4, v2, v3, and UniswapX liquidity pools in the coming days.
- Liquidity Providers: Migrate existing positions to v4 or create new ones with hooks by selecting “v4” on the LP page.
- Developers: Check the developer guide to build and integrate hooks with the Uniswap app and wallet.
With lower costs, deeper liquidity, and enhanced security, Uniswap v4 is set to redefine decentralized trading and liquidity provision.
Also Read: Uniswap Integrates API with Ledger Live for Secure DeFi Swaps
