Uniswap (UNI), the highest decentralized trade (DEX) by buying and selling quantity, has rolled out a brand new protocol improve throughout a number of chains.
The DEX says its new “v4” transforms the protocol right into a “developer platform.”
“Made potential with the introduction of hooks – contracts that permit anybody to customise how swimming pools, swaps, charges, and LP (liquidity supplier) positions work together. Hooks imply limitless new options that drive deeper liquidity and extra swaps.
The bottom price model of the protocol but. Swimming pools on v4 are anticipated to be 99.99% cheaper to create, and swappers can anticipate vital financial savings on multi-hop swaps. Plus, native ETH help provides vital financial savings for ETH pairs.”
Uniswap additionally says that the improve underwent 9 audits, a safety competitors and a $15.5 million bug bounty – none of which unearthed any vital vulnerability.
Uniswap v4 is at the moment reside on Ethereum (ETH), Polygon (MATIC), Arbitrum (ARB), Optimism (OP) mainnet, Base, BNB Chain, Blast, World Chain (WLD), Avalanche (AVAX) and Zora Community.
Uniswap is the highest DEX by buying and selling quantity, in response to knowledge from CoinGecko.
UNI is buying and selling at $11.85 at time of writing. The Twenty eighth-ranked crypto asset by market cap is down greater than 2% prior to now 24 hours and almost 6% prior to now seven days.
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