The Uniswap Foundation Announces Plans to Launch Version 4
The Uniswap Foundation, the organization supporting the decentralized finance (DeFi) protocol Uniswap, recently announced plans to launch version 4 following the upcoming Dencun upgrade on Ethereum’s mainnet.
Phase in Developing Uniswap v4
The Foundation is currently in a “Code Freeze” phase, which involves completing the core code, conducting tests, optimizing for gas usage, enhancing security, and finalizing peripheral components.
Roadmap for the Version 4 Rollout
Comprehensive audits of v4’s code by professional audit firms and a community-led audit contest are next, aiming to make Uniswap v4 the “most rigorously audited code ever deployed on Ethereum.” Additionally, the protocol will be deployed on a testnet for final adjustments.
Uniswap v4 Launch Timeline
The Uniswap Foundation anticipates launching Uniswap v4 on the Ethereum mainnet in the third quarter of 2024, depending on the progression of the Dencun upgrade on Ethereum.
Ethereum’s Dencun Upgrade on Mainnet
Ethereum’s Dencun upgrade is set to go live on the network’s mainnet on March 13. It includes the introduction of proto-danksharding and blobs, aiming to significantly reduce transaction costs on layer-2 networks.
Successful Implementation on Testnet
The Holesky implementation was the third of three test networks that occurred without any hiccups. Through Dencun, the network will introduce proto-danksharding and implement “blob-carrying transactions” to allow layer-2 networks to use more Ethereum block space.
Blob-Carrying Transactions for Increased Block Space
This increase in block space is a benefit for both optimistic and zero-knowledge rollups, allowing them to put transaction data promises on-chain while keeping the real data in data blobs instead of call data. This method is likely to make transactions faster and cheaper.
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