Uniswap V4 launches this week with new features and flexibility

Uniswap (CRYPTO:UNI), a decentralised exchange, is set to launch its highly anticipated V4 upgrade this week, following an announcement made on January 21 via social media.

The deployment of V4 will begin this week, allowing developers to test new features such as hooks and integrations on the blockchain.

Full deployment of all contracts is expected by next week.

Uniswap V4 introduces several features aimed at enhancing flexibility for users and developers.

One of the key features is hooks, which enable developers to customise functionality within concentrated liquidity pools prior to deployment.

Additionally, the singleton design consolidates all liquidity pools into a single contract, reducing the costs associated with pool creation.

Another notable feature is flash accounting, which allows users to lock a liquidity pool and access its tokens without incurring costs as long as no tokens are owed at the end of the lock period.

This innovation aims to lower transaction costs for trades involving multiple pools.

The return of native ETH (CRYPTO:ETH) in Uniswap V4 allows users to swap ETH without additional wrapping fees, leading to reduced gas costs.

Furthermore, Uniswap V4 introduces custom accounting, which supports new use cases such as withdrawal fees and asset wrapping.

Despite these advancements, Uniswap’s native token, UNI, has experienced a decline of 5% in value over the past 24 hours.

Conversely, competitors like Raydium (CRYPTO:RAY) and Hyperliquid (CRYPTO:HYPE) have seen their tokens rise by 5% and 9%, respectively.

At the time of reporting, the Uniswap (UNI) price was $12.70.