This week, the Uniswap Labs team will deploy the fourth version of the protocol. As part of the update, the developers will present many new functions.
We tell you what you need to know about the UNISWAP update and what happens on the eve of the event with the price of UNI.
New version of Uniswap
Uniswap is one of the largest decentralized exchanges (DEX) in the Ethereum ecosystem (ETH). By the end of the current week, the project developers plan to launch the long -awaited upgrade.
According to the team of the trading platform, the fourth version of the protocol is concentrated by consolidation and an increase in modality.
In particular, Uniswap will introduce the so -called hooks (Hooks) – contracts that will allow developers to additionally configure functions in liquidity pools. In addition, as part of the update will also appear:
- Singleton liquidity architecturewhich will help consolidate liquidity using one smart contract. It should also accelerate transactions, reduce gas training and make UNISWAP more convenient.
- Flash CHUST – a new function that will make calculations according to the results of all operations for a certain period. Before that, users needed to transfer assets from the pool to the pool at each swap.
The fourth version of the Uniswap protocol, which was first introduced in June 2023, has already passed nine audits. In addition, in November, the developers offered a generous reward to users who will find errors when testing the update.
What happens to UNI
According to data Coinmarketcapat the time of writing, UNI is traded at $ 12.48. Over the past day, the price of cryptocurrency has decreased by more than 6%.
Last month, the Uniswap cryptocurrency reached a three -year maximum, rising to $ 14.5. However, this was followed by a sharp drawdown.
Throughout January, UNI showed unstable dynamics. The news of the launch of the fourth version of the Uniswap protocol was not able to create a bull impulse for cryptocurrency.
However, the previous experience shows that the final launch of the upgrade in the mainnet can benefit UNI. So, the past renewal, deployed in 2021, led to a significant increase in the volume of Token trading in subsequent months.
In October 2024, Uniswap launched its own second -level network (L2) Unichain. It was built on the basis of Optimism and open source code.
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Source: Cryptocurrency
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