It was the months I say, the years Uniswap introduced V4 plans for its protocol. Initially he was introduced in June 2023, he was postponed many times for various reasons. In the end, after almost two years of waiting, Uniswap, a leader in decentralized stock exchanges, he just officially deployed his brand new version of Uniswap V4.
- Uniswap has deployed its long -term version 4 out of 10 blockchains after almost two years of waiting and without any security shortcomings in previous versions.
- V4 represents centralized architecture around one contract intelligent, reducing gas costs and facilitating integration with Ethereum.
- The Uniswap V4 offers unprecedented personalization with “hooks”, which allows customized development and is a challenge for competitors with the exclusive BSL 1.1 license.
Uniswap V4 Finally deployed on 10 Blockchains
It’s been some time since we were waiting for it but 31. V4 deployment of its decentralized exchange protocol.
This new version follows the V2 and V3 they have at all treated at least $ 2,750 billion. And without being the victim of hack. Which in the ecosystem of the Defi is due to the underline.
Specifically, for this launch was V4 deployed on 10 blockchains and l2. Namely Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB string, explosion, world chain, avalanche and zora.
New architecture for better efficiency
With this new version of Uniswap, it represents a deep overwork of its architecture. One is not used to, emphasizes better efficiency of capital.
For this purpose, V4 accepts a Singleton accesscentralize all pools in one intelligent contract. So far, each fund has its own instance of the Uniswapv3pool contract.
From now on, this centralization around one contract allows gas to be drastically reduced. Especially thanks to the interaction between different components of the protocol.
This model also offers a Native support of ETHSo replacement of the used WETH. At the same time, this makes it easier to integrate with the Ethereum ecosystem by standardizing the use of ETH.
Personalization: Keyword UNISWAP V4
Another strong point Uniswap V4: its Personalization or its “implementity”. Thanks to the introduction “Hooks”The protocol turns into a real development playground for developers. This offers them a wide range of options to model the logic of swimming pools, swaps, costs and positions of liquidity suppliers.
These modules integrate directly into intelligent contracts and make it possible to design customized solutions. For example, allow dynamic costs modified in real time to volatility, set order restrictions on the string, automate liquidity management or automatically redirect unused means to define protocols to generate additional interests
“More than 150 hooks have already been developed and introduced everything, dynamic fees to automated liquidity management. By allowing developers to build and experiment directly on the protocol, hooks allow faster development cycles and stronger integration. »»
Bad news for competitors
This development will again place the Uniswap in the foreground of the Innovation Def. And dangerous news for the competition, the United V4 Uniswap code was Published under the BSL 1.1 license. Who Lock your commercial operation for four years.
In practice, this means that UNISWAP V2 or V3 projects will not simply be able to develop this new code to use the innovation of the established V4.
Thus, any attempt to use these innovations will either have to wait for this period of exclusivity, or negotiate a specific agreement with the Uniswap team, thereby limiting the competitive initiative that would like to rely on this new version of the code.
Yeah, many protocols have used Uniswap success in the past by just copying the source code to create your own Dex. In particular, we can quote sushiwap as the most symbolic fork Uniswap V2.
On the intelligent Binance chain, Pancakeswap has accepted the Uniswap V2 by adapting it to the BSC peculiarity, allowing him to become the first dex of this chain.
And this is just the emerging face of the iceberg. Fork Uniswap is ubiquitous. Whether it is a rapid exchange for polygon, trader Joe on an avalanche or even Spikyyswap on Sonic (formerly Fantom).
In parallel, Uniswap is preparing throw Another main product with Unihain. In the coming months, announced last October, a layer-2 should be deployed in the Uniswap on Mainnet.