Uniswap Unveils Upcoming Upgrade – UNI’s Price Surges 10%
Uniswap (UNI), a trailblazing decentralized exchange protocol, is currently making waves in the market following its announcement of the upcoming launch of Uniswap V4, the latest version of its revolutionary trading engine.
This eagerly anticipated upgrade is set to debut post the Ethereum mainnet Dencun Upgrade, marking a significant step forward for the platform.
Since its inception in 2018, Uniswap has been committed to refining and enhancing its engine’s performance, continually pushing boundaries within the industry.
The rollout of Uniswap V4 will unfold in three key phases: the Code Freeze Phase, Auditing and Testnet Phase, and the Launch Push. During the Code Freeze Phase, developers will focus on completing all coding tasks while implementing essential optimizations and security enhancements.
Subsequently, the Auditing and Testnet Phase will involve a comprehensive audit process, alongside community engagement activities to ensure the protocol’s resilience and reliability.
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The public launch of Uniswap V4 is slated for the third quarter, promising broader accessibility to the platform’s innovative features. This development underscores Uniswap’s ongoing commitment to advancing the Web3 ecosystem through continuous improvement and innovation.
In response to this announcement, the price of UNI has experienced a notable surge, reaching its highest trading levels since the beginning of the year.
Currently trading at $7.57, UNI has seen a remarkable 10.2% increase over the past 24 hours, with the rally pushing the token to a weekly high of 17.62%.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
