This Just In: Uniswap v4 Launches on 12 Chains - And Here's What That Means! 🤯

Oh boy, Uniswap has done it again! They’ve launched their v4 decentralized exchange (DEX) on not one, not two, but 12 blockchain networks! Among them, we’ve got Ethereum and Avalanche. What, no Solana? 🤷‍♂️

Now, v4 is all fancy and introduces these things called “hooks.” No, we’re not talking about Peter Pan here, folks. These are plugins that let developers create custom logic for cryptocurrency trading pairs. Isn’t that something? 😲

And wait, there’s more! Uniswap v4 is going to work on layer-2 scaling networks like Arbitrum, Base, Optimism, and Polygon. Yep, it’s like they need more chains like I need more awkward dinner conversations! 🍝

So what do these hooks do? Well, they’ve got tools for dynamically adjusting swap fees, lending unused liquidity for that extra yield (because why not?), automatically hedging against impermanent loss, and protecting against those sneaky MEV strategies – sandwich attacks anyone? According to Uniswap, hooks are the bees’ knees. 🐝

Apparently, the Uniswap Foundation threw grants at about 800 developers to whip up 150 unique hooks. They’re tossing grants around like it’s candy on Halloween! 🎃🍬

“For protocol teams, v4 enables a way to improve user experience, and to differentiate themselves. And for developers, v4 provides a platform to build powerful new DeFi applications,” the Uniswap Foundation said in a very serious, no-nonsense statement. 💼

Uniswap Image

Upgrades amid rising competition

Oh, and did I mention they launched their own layer-2 scaling chain, Unichain, back in October? Because faster and cheaper transactions are like the holy grail in crypto. 🏆

But here’s the twist – founder Hayden Adams teased this v4 launch in 2023, and then – surprise, surprise – delays pushed it past 2024. Big shocker, huh? 🙄

The last big deal was v3 in May 2021 with concentrated liquidity, blah blah blah. Honestly, who remembers 2021? This is crypto—we’ve got the attention span of a goldfish! 🐠

And news flash – Uniswap is no longer the top dog in the DEX world. Raydium on Solana stole the crown in 2024 over some crazy memecoin trading. Yep, you heard it. Memecoins. 🐶🚀

Per DefiLlama, Uniswap’s 30-day trading volume was $96 billion, while Raydium flaunted about $122 billion. Imagine that! And, of course, trading on Solana saw a huge bump when Mr. Donald Trump decided to launch his official TRUMP memecoin. Because why not? 🤔

2025-01-31 22:14

This Just In: Uniswap v4 Launches on 12 Chains – And Here’s What That Means! 🤯

Upgrades amid rising competition

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