Uniswap Teases Long-Awaited v4 Launch for 2025 After Missing 2024 Target
Decentralized exchange Uniswap has announced that its highly anticipated version 4 (v4) will be “coming soon” in 2025, after missing its initial Q3 2024 launch target.
The update was teased on January 2 in a post by Uniswap Labs on X, featuring a Unicode graphic of “2025” and the caption, “v4 is coming soon.”
It is worth noting that the announcement didn’t specify a release date.
Uniswap Labs Looks Ahead with Optimism for 2025
On December 31, Uniswap Labs expressed enthusiasm for the upcoming year, stating, “Between v4, Unichain, and a few other surprises… it’s going to be a very pink year.”
In June 2023, Uniswap founder Hayden Adams posted his vision for Uniswap v4 while releasing the draft code, saying that it could be built in public with open feedback and meaningful community contribution.
Initially, the team aimed to launch v4 in Q3 2024 following Ethereum’s Dencun upgrade.
However, the platform remained in the testing phase throughout the year.
In November, Uniswap introduced a $15.5 million bug bounty program for its v4 core smart contracts, offering payouts starting at $2,000 for identifying vulnerabilities requiring code modifications.
Uniswap v4 is expected to introduce major architectural changes, including features such as Hooks for executing custom code before and after swaps.
These enhancements will enable functionalities like limit orders, custom oracles, fee management, and automated liquidity strategies.
Other updates include dynamic fees, gas savings, flash accounting, native ETH support, and multiple pool types.
Now that the launch of Dencun on Mainnet has been scheduled for March 2024, we're excited to provide an update to the community! 🎉
Uniswap v4's launch is tentatively set for Q3 2024.
From community-built Hooks (https://t.co/WyaGr1Ti1t), to events, to Twitter Spaces, the…
— Uniswap Foundation (@UniswapFND) February 15, 2024
The last significant update to Uniswap, v3, launched in May 2021, introduced concentrated liquidity, allowing providers to allocate liquidity within specific price ranges.
Uniswap continues to dominate the decentralized exchange (DEX) landscape.
In December, DEX trading volumes reached a record $462 billion, with Uniswap accounting for $106 billion, according to DefiLlama.
Meanwhile, its native token, UNI, has seen a 6% daily gain, trading at $14, although it remains 69% below its May 2021 all-time high of $44.92, per CoinGecko.
Uniswap’s Unichain to Launch its Layer 2 Mainnet in 2025
As reported, Uniswap is gearing up to launch Unichain, its DeFi-focused Layer 2 solution built on the OP Stack, with the public mainnet expected to debut in early 2025.
The network, designed to enhance scalability and efficiency in decentralized finance, has been tested on Ethereum’s Sepolia testnet since October.
The Sepolia testnet has processed over 50 million test transactions and deployed more than 4 million smart contracts, maintaining an uptime exceeding 99% across critical services.
In August, the Uniswap Foundation unveiled its financial summary for the second quarter, revealing a lot of cash and stablecoins and not so many UNI tokens.
The report revealed that the Uniswap foundation holds $36.81 million in cash and stablecoins, alongside a modest reserve of 680,000 UNI tokens.
These cash and stablecoin reserves are earmarked for grant-making and operational purposes, while the UNI tokens are allocated for employee incentives.
During Q2, the Uniswap Foundation approved over $3.2 million in new grants and distributed nearly $2.5 million from previously committed grants.
Source: cryptonews.com
