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Uniswap Latest Upgrade — UNI Price Jumps 11% on V4 Launch Announcement

Last Updated February 16, 2024 2:59 PM
Nikola Lazic
Last Updated February 16, 2024 2:59 PM
By Nikola Lazic
Verified by Peter Henn

Key Takeaways

  • Uniswap v4 slated for Q3 2024, enhancing DeFi efficiency.
  • “Hooks” feature in v4 aims to reduce fees, improve management.
  • UNI’s price sees 10% jump, potential for future growth.

The Uniswap Foundation has announced the planned release of the Uniswap v4 upgrade, aiming to enhance the decentralized finance (DeFi) protocol. V4 , set to launch in the third quarter of 2024, promises to improve functionality, gas, and capital efficiency. Following the announcement, Uniswap’s native cryptocurrency, UNI, saw a 10% increase in 24 hours, with weekly gains reaching 15%.

V4 Upgrade Details 

This upgrade shouls improve functionality and efficiency by incorporating features aligned with the upcoming Ethereum Dencun upgrade. It will integrate Ethereum Improvement Proposals (EIPs) EIP-4788, EIP-1153, and EIP-4844 to improve operations and user experience on Ethereum.


A key innovation in Uniswap v4 is the introduction of “hooks,” which enable the integration of custom logic at vital points in the protocol, such as in pools, swaps, fees, and liquidity provider positions. This feature, designed to allow dynamic adjustments and broaden smart contract applications, is expected to lead to reduced fees and enhanced asset management for users.

The update’s alignment with Ethereum’s Dencun upgrade, especially through the adoption of EIP-1153, introduces transient storage for smart contract optimizations, potentially lowering gas fees for users. The v4 codebase is undergoing a comprehensive auditing process, touted as the most thoroughly audited code deployed on Ethereum, ensuring high security and reliability standards.

Uniswap, founded in 2018 by Hayden Adams, has established itself as a pivotal player in the DeFi space, offering a platform for liquidity provision and decentralized token trading. 

Is UNI Ready To Breakout? 

The price of Uniswap has been in a horizontal range between $3.80 and $8 since May 2022. It retested its support on October 19, 2023, when the last uptrend started. As it went to the resistance level again, it got rejected and made a downturn to $5.60 on January 23. 

Daily chart.
Retesting $8 resistance again.

This was the first higher low, and with the price now revisiting its resistance, a breakout might occur. If this happens, it would be the start of a new bull phase and, UNI could reach $14 at the end of this uptrend. 

But first, we need to see a breakout confirming this starting bull phase. The price also fall when it reaches $8, sending it to another retest of its support. 


Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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