Uniswap Plans v4 Launch for Q3, Justin Sun Plans to Launch Bitcoin L2

Name: FS Insight
Price range: $$$

Feb 16, 2024

Author

Tom Couture ^AC

BTC -0.13% ETH -1.16%

Market Update Markets are reacting to this morning’s January PPI data coming in higher than expectations. The report showed a MoM increase of 0.3% vs. 0.1% expected, and core PPI rising 0.5% vs 0.1% expected. In conjunction with a similarly hot CPI report this week, the data has shifted market expectations of the Fed’s first rate cut to June. U.S. equities are declining following the data release, with the SPY, QQQ, and IWM losing 0.22%, 0.56%, and 1.05%, respectively. $BTC (-0.21%) is showing losses in line with equities while $ETH (-1.77%) and altcoins are showing more significant declines. Bitcoin’s dominance ratio ($BTC.D) is on pace for its fifth consecutive week of gains, hovering around 54% and getting close to hitting its highest mark since March 2021.Uniswap Labs is tentatively planning to launch Uniswap v4 in the third quarter this year. The launch is contingent on things like the Ethereum Dencun upgrade, which should take place in March, and the security audits that follow. Uniswap v4 will move the AMM to a more modular approach, with the incorporation of “hooks” and a “singleton” contract, together allowing smart contracts to add more customization with things like dynamic fees, on-chain limit orders, and custom oracles, while significantly reducing g

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