Upcoming Upgrade
Uniswap, a popular decentralized exchange, is set to upgrade to its fourth version (v4) in the third quarter of 2024. This upgrade will follow Ethereum’s Dencun update, which is expected to roll out in March.
Phases of the Upgrade
The upgrade will be implemented in three phases:
- Phase 1: Code freeze, completion, testing, optimizations, and security enhancements.
- Phase 2: Auditing and testnet deployment.
- Phase 3: Launch of v4 on Ethereum’s mainnet.
Ethereum’s Dencun Update
Dencun is a combination of two upgrades: Cancun and Deneb. Cancun aims to improve Ethereum’s scalability through data blobs, while Deneb focuses on consensus layer enhancements.
Impact on Uniswap
Uniswap’s upgrade will benefit from the improvements in Ethereum’s scalability and security. This will allow Uniswap to handle more transactions and provide a more efficient trading experience for users.
