Uniswap Foundation Reveals Release Date for Uniswap v4 Following Dencun Upgrade
Uniswap v4 Launch Date Tentatively Set for Q3 2024
The Uniswap Foundation, the organization behind the popular DeFi protocol Uniswap, has announced the scheduled release date for Uniswap v4. This eagerly anticipated update will come after the impending Dencun upgrade on the Ethereum network. The launch of Dencun on Mainnet is planned for March 2024, with Uniswap v4 tentatively set to follow in the third quarter of the same year.
Roadmap Outlines the Path to Uniswap v4 Launch
The Uniswap Foundation has provided a roadmap detailing the upcoming rollout of Uniswap v4. Currently in the "Code Freeze" stage, the focus is on finalizing the core code, conducting thorough tests, optimizing gas usage, enhancing security measures, and completing peripheral aspects. As part of the extensive review process, the code of Uniswap v4 will undergo thorough audits by both audit firms and a community audit contest. The goal is to ensure that Uniswap v4 becomes the most meticulously reviewed code ever deployed on the Ethereum network.
The development team plans to launch the decentralized exchange (DEX) on the testnet to make final adjustments before deployment. The third phase will involve the deployment of Uniswap v4 to the Ethereum mainnet, tentatively scheduled for the third quarter of 2024. However, it is important to note that this timeline is subject to change depending on the progress of the Dencun upgrade on Ethereum.
Dencun Upgrade Activated on Goerli Testnet
The Dencun upgrade for the Ethereum network was recently activated on the Goerli testnet on January 17. This upgrade incorporates several Ethereum Improvement Proposals (EIPs), including EIP-4844, which introduces proto-danksharding. This feature aims to reduce transaction fees on layer 2, providing a more efficient and cost-effective experience for Ethereum users.
As the Uniswap Foundation continues to work diligently on the development and testing of Uniswap v4, the community eagerly awaits the release of this highly anticipated upgrade. With the roadmap in place and audits planned, the foundation is taking every precaution to ensure the success and security of Uniswap v4.
Analyst comment
Positive news.
As an analyst, the release of Uniswap v4 and the upcoming Dencun upgrade on Ethereum signify a positive outlook for the market. The roadmap shows a meticulous approach to code review and enhancements, which will enhance security and optimize gas usage. The deployment of Uniswap v4 on the testnet indicates progress, with the Ethereum mainnet launch tentatively scheduled for Q3 2024. The Dencun upgrade, particularly the introduction of proto-danksharding, aims to reduce transaction fees on layer 2, benefiting users and potentially attracting more participants to the market.
