Uniswap, the world's most popular decentralized crypto exchange, announced that its newest version, Uniswap v4, will launch in the third quarter of 2024. The new version will leverage Ethereum's upcoming update, Dencun, to optimize smart contract functionality and reduce gas fees.
Uniswap v4 will introduce the concept of “hooks”, which allow developers to inject custom logic at certain points in smart contracts.
Thus, it allows dynamic customization and complex functionality. For users, this means potentially lower fees, better strategies for managing their assets on Uniswap, and access to new features such as instant swaps.
Uniswap v4 will also support EIP-1153, which will go live alongside Dencun in March 2024. EIP-1153 will enable temporary storage in smart contracts, which will allow Uniswap to perform “flash accounting” during swaps to drastically reduce gas fees.
EIP-1153 will also open up design options for hooks, where different functions can be integrated at points in the liquidity pool lifecycle with low gas costs.
To ensure a smooth launch of Uniswap v4, the v4 code will undergo a thorough audit before launch to ensure security. The audit will be conducted by Uniswap's internal team, several Web3 audit firms, and also a community audit contest.
The announcement of Uniswap v4 caused an increase in the price of the UNI token, which is Uniswap's governance token. UNI price rose 10% after this announcement to over $7.60.
UNI also saw a 15% increase in the past week, as traders anticipated the efficiency improvements from v4 that would attract liquidity and increase Uniswap trading volume.
Uniswap v4 is one example of how Uniswap continues to innovate and develop to provide a better, cheaper, and safer crypto trading experience for its users.
Uniswap v4 also shows that Uniswap is not just an ordinary crypto exchange, but also a platform for building a broader and more useful DeFi ecosystem.
How to Buy UNI Tokens on Bittime
You can buy and sell UNI tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. UNI is available on Bittime with pairing UNI IDR.
To be able to buy UNI/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make UNI purchases in the application. More Complete Guide How to Buy UNI on Bittime
Monitor price chart movements of UNI Network (UNI), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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