DeFi protocol Uniswap announces v4 version will begin deployment this week

Uniswap Labs, the development company of the decentralized cryptocurrency exchange Uniswap, announced on Wednesday that, Uniswap v4 The deployment will gradually be launched starting this week for developers to test the "Hooks" feature and integration on the memory blockchain.

Uniswap Labs also stated, "We expect to deploy all contracts for full launch next week

Uniswap v4 Inheriting the capital efficiency advantages of v3 version, while introducing multiple architecture improvements, one of the most noteworthy changes is the implementation of a "singleton" liquidity architecture, which helps integrate liquidity through a single smart contract. This design can bring faster transactions, lower gas fees, and a smoother user experience.

Another characteristic is the increased modularity of the protocol, especially the introduction of a feature called "Hooks", which are contracts that can be built on top of Uniswap, allowing developers to further customize the functionality in the liquidity pool.

Uniswap v4 will also introduce a Flash accounting system. In version v3, assets are transferred into or out of the liquidity pool at the end of each swap transaction, while the new system only transfers based on net balance. According to the Uniswap team, this will bring significant gas cost savings to Uniswap v4.

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Related report: Uniswap V4 has been released! What are the features and functions of the new version

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