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- Uniswap v4 has launched, unlocking new features and cost-reduction mechanisms to bolster use cases\u00a0<\/span><\/em><\/li>\n
- UNI whales also accumulated 3.07M tokens yesterday, which could spike a bullish reversal<\/span><\/em><\/li>\n<\/ul>\n
Uniswap Labs has <\/span>released<\/span><\/a> a new protocol version dubbed Uniswap v4<\/a>. This seeks to offer lower costs and new features to boost its presence in the decentralized exchange (DEX) market.\u00a0<\/span><\/p>\n
According to DeFiLlama<\/span><\/a>, Uniswap v4 is already gaining traction, with the TVL hitting $5.7M barely one day after launch. However, this development is yet to stir gains for UNI. At press time, the altcoin was trading at $11.68 following a 2% dip in the last 24 hours.\u00a0<\/span><\/p>\n
Uniswap\u2019s \u201cbiggest\u201d version goes live<\/h2>\n
According to Uniswap Labs\u2019 CEO Hayden Adams, v4 is the \u201cbiggest, baddest version of the Uniswap protocol yet.\u201d The executive <\/span>noted<\/span><\/a> that this protocol has been under development for years and will introduce innovative features.\u00a0<\/span>One of these features is a developer platform known as Hooks. It will allow for faster development cycles and improve liquidity on the protocol.<\/span><\/p>\n
Uniswap v4 will also reduce the cost of deploying pools by 99.99%. It will also support native <\/span>Ethereum (ETH)<\/span><\/a>, which will be cost-efficient for those using ETH pairs. According to Adams,\u00a0<\/span><\/p>\n
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:V4 will serve as the liquidity infrastructure for Ethereum for years to come \u2013 I can\u2019t wait to see what our incredible developer community builds on top.\u201d<\/span><\/p>\n<\/blockquote>\n
The version is available on Layer one networks such as Ethereum, Avalanche, and BNB<\/a> Chain. It has also been deployed to Layer twos including Base, Optimism, Arbitrum<\/a>, and Polygon.\u00a0<\/span><\/p>\n
Can the new protocol version stir gains for UNI?<\/h2>\n
Uniswap has been facing bearish pressure due to rising selling activity. According to CryptoQuant, UNI exchange reserves surged to 71M tokens \u2013 Marking the highest level in over a month.<\/span><\/p>\n
![\"\"](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/02\/Uniswap-Exchange-Reserve-All-Exchanges.png\")
<\/a><\/p>\n(Source: CryptoQuant)<\/p>\n<\/div>\n
The rising exchange reserves may be a sign of waning confidence as traders get ready to sell. Such a hike in sell-side pressure could continue to weigh on UNI\u2019s price action.\u00a0<\/span><\/p>\n
And yet, the launch of Uniswap v4 seems to have attracted the attention of whales or large addresses. According to <\/span>IntoTheBlock<\/span><\/a>, for instance, large transactions climbed from 4.01M UNI to 15.64M UNI in just 24 hours.\u00a0<\/span><\/p>\n
Most of these volumes came from the buying activity, as seen in the rise in large holder netflows from -47,900 UNI to 3.03M UNI. This indicated that whales accumulated 3.07M UNI tokens yesterday \u2013 Valued at around $33M.\u00a0<\/span><\/p>\n
- UNI whales also accumulated 3.07M tokens yesterday, which could spike a bullish reversal<\/span><\/em><\/li>\n<\/ul>\n
![\"\"](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/02\/whales.png\")
![\"\"](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/02\/UNIUSDT_2025-02-01_11-23-47.png\")