Uniswap has announced that its upcoming iteration, Uniswap v4, is expected to launch in 2025 after missing its original Q3 2024 target.
Although still in development, Uniswap Labs recently teased the release with a message on X, featuring a Unicode art depiction of “2025” and the phrase “v4 is coming soon.” No specific timeline has been provided yet.
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⠀ ⠀ ⠀ ⠀ v4 is coming soon
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┗━━┛┗━━┛┗━━┛┗━━┛— Uniswap Labs ???? (@Uniswap) January 1, 2025
In a December 31 post, Uniswap Labs hinted at big plans for 2025, stating, “Between v4, Unichain, and a few other surprises… it’s going to be a very pink year.” Uniswap v4 has been a topic of anticipation since June 2023, when protocol founder Hayden Adams introduced the draft code and invited open feedback from the community. At the time, Adams described the process as “months-long,” with plans to build the platform collaboratively.
Uniswap v4 introduces a significant architectural overhaul, highlighted by a feature called “Hooks.” This innovation allows developers to execute custom code before and after swaps, enabling functionalities such as limit orders, custom oracles, fee management, and automated liquidity strategies. Other anticipated updates include dynamic fees, gas savings, flash accounting, native ETH support, and multiple pool types—all designed to optimize user experience and enhance efficiency.
The last major upgrade, Uniswap v3, launched in May 2021, brought concentrated liquidity, allowing providers to allocate liquidity within specific price ranges. Uniswap v4 aims to build on this success with greater flexibility and functionality.
As of December 2024, decentralized exchange trading volumes reached a record high of $462 billion, with Uniswap maintaining its dominance by contributing $106 billion, according to DefiLlama.
Notably, In February 2024, Uniswap Labs announced a tentative launch for Q3, contingent on Ethereum’s Dencun upgrade. However, the protocol remained in testing throughout the year. In November, the team launched a $15.5 million bug bounty program to enhance security, offering rewards for identifying vulnerabilities in v4’s core smart contracts. The program is still ongoing.
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