• Uniswap v4 has launched, unlocking new features and cost-reduction mechanisms to bolster use cases 
• UNI whales also accumulated 3.07M tokens yesterday, which could spike a bullish reversal

Uniswap Labs has released a new protocol version dubbed Uniswap v4. This seeks to offer lower costs and new features to boost its presence in the decentralized exchange (DEX) market. 

According to DeFiLlama, Uniswap v4 is already gaining traction, with the TVL hitting $5.7M barely one day after launch. However, this development is yet to stir gains for UNI. At press time, the altcoin was trading at $11.68 following a 2% dip in the last 24 hours. 

Uniswap’s “biggest” version goes live

According to Uniswap Labs’ CEO Hayden Adams, v4 is the “biggest, baddest version of the Uniswap protocol yet.” The executive noted that this protocol has been under development for years and will introduce innovative features. One of these features is a developer platform known as Hooks. It will allow for faster development cycles and improve liquidity on the protocol.

Uniswap v4 will also reduce the cost of deploying pools by 99.99%. It will also support native Ethereum (ETH), which will be cost-efficient for those using ETH pairs. According to Adams, 

:V4 will serve as the liquidity infrastructure for Ethereum for years to come – I can’t wait to see what our incredible developer comm

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Author: Muthoni Mary

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