Uniswap Foundation attracted attention by announcing its tentative plan to release UNI v4 in the 3rd quarter of 2024.
He stated that the project is currently in the first phase, which includes completion of the core code, testing, throttle optimization, security improvements and finalization of environmental components. In the second phase, comprehensive audits are planned, including both comprehensive professional audits and community participation in audit competitions.
Uniswap has continued to see an increase in activity over the past few months. During this period, the number of daily active users on the network increased by 26.2%.
Additionally, during the same period, fees generated by the protocol increased by 83%, giving a positive signal. As Koinfinans.com reported, the increased fees not only bolstered the platform’s revenue but also provided additional resources for ongoing development.
However, sentiment around Uniswap may be impacted by increased MEV bots and arbitrage transactions.
MEV stands for Miner Extractable Value and refers to the profit miners can make by reordering and incorporating transactions in a block in a way that benefits them. MEV bots are automated systems or algorithms that actively seek to exploit opportunities in the transaction order and execution process to maximize miners’ profits.
Arbitrage transactions involve taking advantage of price differences in different platforms or markets for the same asset. Investors use automated tools or bots to quickly take advantage of these price differences, buying the asset where it is cheaper and selling it where it is more expensive, making a profit.
