Uniswap started the V4 upgrade in Mainnet and features hooks for developer customs and cheap tasks. The release came out a little later than expected at first.
However, this upgrade did not meet the expectation that it would create the UNI price momentum. The price was shot for a while, but it fell immediately and the weak condition continued.
UniSWAP V4 has been waiting for a long time for developers
UNISWAP, a distributed exchange based on the popular Ether Leeum, has finally started a long -awaited V4 upgrade. The upgrade was first announced in June 2023, but the clear timeline of the mainnet release was not clearly established.
The upgrade was announced earlier this week and was broadcast live today.
“Uniswap V4 is here! The V4 converts the uniswap protocol into a developer platform. It makes it possible by the introduction of HOOKS so that someone can customize the way that someone interacts with grass, swap, fees and LP positions. The hook is a new feature of deeper liquidity and more unlimited features that lead more swaps. ”Uniswap insisted on social media.
Uniswap developers have listed some of the main features of the V4, the most important of them are hooks. The V4 upgrade is also the cheapest incarnation in the protocol, and the developer claims that the pool will be 99.99% cheaper.
It also includes the original Etherrium support and was built with community cooperation.
But there was a little bit of hanging on the V4 release: the impact on the UNI token of Uniswap. When the V3 was released in 2021, token value and user activity increased significantly. The V4 Mainnet Upgrade has caused the UNI prices for momentarily, but this profit evaporated immediately.
Some elements may have contributed to this flop. The UNI reached three years high in mid -December, but the value of the tokens plummeted a week later.
Some community members hoped that the V4 Mainnet Release would provide UNISWAP a new forward momentum, but the market did not cooperate.
Macroeconomic factors continue to affect the price of the UNI, but the V4 upgrade can help UNISWAP to restore some propulsion in the intense DEX market.
Developers have provided record bug bounty to those who can expose security defects because of their constant confidence in the project. Anyway, it will tell you whether the V4 can meet the expectation of him.
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