The Uniswap Foundation has finally announced its ‘Uniswap v4’ launch following Ethereum’s upcoming Dencun upgrade. 

With the overwhelming craze in the crypto world right now, no wonder why major crypto companies are doing major upgrades and developments to keep the community, especially the investors interested. 

The Uniswap Foundation — the organization behind Uniswap, a popular DeFi protocol known for facilitating automated trading of DeFi tokens — announces that they already have a set date for the launch of the most anticipated version 4 of its protocol following Ethereum’s Dencun upgrade. 

The foundation highlighted the three main development phases planned before the launch: Code freeze and Testing, Audits and testnet deployment, and the Official Launch. 

Roadmap Phases

According to the Uniswap Foundation, Phase 1 is already in progress, which includes the core code completion, testing, gas optimizations, security enhancements, and finalizing the periphery. Phase 2 will have thorough audits of the code base conducted by audit firms and a community audit contest. As per Phase 3, which is the launch of v4, it is set to commence by the third quarter of 2024. 

Uniswap will also support the upcoming launch of Ethereum’s Dencum upgrade and administer key features from Ethereum Improvement Proposals (EIPs), particularly EIP-4788, EIP-4844, and EIP-1153 to help enable enhanced functionality and efficiency for Uniswap. 

Meanwhile, UNI, Uniswap’s native token has been showing a bullish trend in the last 24 hours. UNI is up by 5.46% trading at $7.53 with a 24-hour trading volume of $188.66 million. UNI’s total market capitalization is at $4.49 billion sitting at the #21 spot in the charts.