Uniswap Revolutionizes DeFi With Its Update On 12 Networks

Uniswap, the leader in decentralized exchanges, is launching its version 4 on twelve major blockchains. This strategic evolution strengthens its position in an increasingly competitive DeFi market.

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. This launch includes not only Ethereum but also scaling solutions like Arbitrum, Base, Optimism, and Polygon, as well as Avalanche, marking a significant expansion of the Uniswap ecosystem.

The flagship innovation of this update lies in the introduction of “hooks,” plugins that allow developers to implement custom logic for trading pairs. The Foundation has already supported around 800 developers who have created 150 unique hooks, showing 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.

A decisive turning point in a competitive market

The launch of v4 comes at a strategic moment for Uniswap. Indeed, at the beginning of 2024, the platform saw Raydium, the mainl DEX on Solana surpassing it in terms of transaction volume. According to DefiLlama, Raydium reached 122 billion dollars in volume over 30 days, compared to 96 billion for Uniswap.

This new version, delayed from its initial 2023 schedule, marks the first major evolution since v3 in May 2021. It complements Uniswap’s innovation strategy, which had already launched its Layer 2 solution, Unichain, in October for faster and cheaper transactions.

In the coming weeks, the Foundation plans to deploy v4 on other blockchain networks, further strengthening its position in the DeFi ecosystem in the face of growing competition. Meanwhile, BTCFi is experiencing spectacular growth, with its total value locked increasing from 307 million to 6.5 billion dollars in 2024.