Uniswap V4 Launches on Over Ten Blockchains

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  • Uniswap has launched its latest interaction on over 10 blockchains
  • Uniswap said that it’s 99.99% cheaper for liquidity pools to operate on the new platform
  • The new platform employs hooks to give developers more customization options

DeFi platform Uniswap has launched its new platform, Uniswap V4, on 12 blockchains including Ethereum, BNB Chain, and multiple Ethereum scaling networks. Uniswap revealed that it’s 99.99% cheaper to operate liquidity pools on the new platform and that it gives developers more customization options compared to previous Uniswap versions. Uniswap also said that the new platform offers blockchains “ a pathway to supercharge the growth of their DeFi ecosystems,” a move that makes Uniswap V4 a worthy competitor to DeFi platforms on popular blockchains.

The Hooks Are Production-Grade and Open-source

According to Uniswap Foundation, the hooks allow developers to define custom rules to guide the operation of pools, and fees, among other features, making the hooks the main addition to the platform 

The foundation disclosed that the DeFi platform is collaborating with “many of these chains” to develop “production-grade [and] open-source hooks.” The hooks will allow for things like automatically adjusting swap fees based on market conditions and allowing liquidity providers to optimize pricing.

They will also offer features to guard against MEV (maximal extractable value) and cater to the needs of institutional DeFi users. The foundation has funded the development of 150 hooks which have already been deployed on Uniswap V4.

Uniswap Is Diving Deeper Into the DeFi World

Uniswap V4 is an all-around platform that accommodates everyone in the DeFi world. The new DeFi platform comes a month after Uniswap revealed it’s working to solve the shortcomings of Uniswap V3.

It also comes two months after the DeFi platform unveiled the “largest bug bounty in history” to help strengthen its smart contracts. In October last year, Uniswap launched an Optimism-based scaling network, Unichain, to ease liquidity access for its users while also improving decentralization.

With previous Uniswap iterations recording close to $3 trillion in trading volume, Uniswap V4 is likely to gain similar adoption considering its focus on developers.

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