Uniswap v4 Deployed on 12 Blockchains, a Major Advancement

On January 31, the Uniswap Foundation deployed version 4 of its decentralized exchange protocol (DEX) on 12 major blockchain networks.

Uniswap v4 Deploys on 12 Blockchains to Lead the Next Crypto Boom

The Uniswap Foundation deployed version 4 of its decentralized exchange protocol on 12 major blockchain networks on January 31. This launch includes not only Ethereum but also scaling solutions like Arbitrum, Base, Optimism, and Polygon, as well as Avalanche.

This marks a significant expansion of the Uniswap ecosystem, with the platform now boasting a presence on some of the most popular and promising blockchains in the industry.

The flagship innovation of this update is the introduction of “hooks,” plugins that allow developers to implement custom logic for trading pairs.

The Foundation has supported around 800 developers who have created 150 unique hooks, showcasing the enthusiasm for this new feature. These hooks offer advanced capabilities, including dynamic adjustment of swap fees, yield optimization through lending inactive liquidity, and enhanced protection against sandwich attacks and other MEV (Maximum Extractable Value) strategies.

This new version of Uniswap, which was initially slated to launch in 2023, is a crucial step in the platform's evolution. In early 2024, Uniswap faced a challenge when Raydium, the main decentralized exchange on Solana, surpassed it in terms of transaction volume.

According to DefiLlama, Raydium achieved 122 billion dollars in volume over 30 days, compared to 96 billion for Uniswap.

However, with the launch of v4 and the expansion of its presence across multiple blockchains, Uniswap is poised to regain its leadership position and continue to drive the next wave of crypto adoption.