Uniswap V4 DeFi Protocol Launches on Ethereum and Beyond—Here’s What's New
Uniswap launched its V4 protocol across several chains including Ethereum, Avalanche, and BNB Chain, introducing significant improvements. With a 99.99% cost reduction for liquidity pools, V4 provides developers with new opportunities through features called hooks, enabling customization of pools, swaps, fees, and positions. Examples include a dynamic fee hook for adjusting fees based on market conditions and an auto-rebalancing hook for optimizing liquidity. Over 150 hooks have been developed thus far, aiming to enhance user experience and support diverse demographics in the crypto space. V4 is aimed at benefiting both chains and protocol teams while also facilitating the growth of developer communities. The protocol has successfully processed over $2.75 trillion in swaps to date and underwent security audits along with a bug bounty program to ensure safety prior to launch. Uniswap's governance token, UNI, is currently down 1% following the launch.
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