Uniswap, the protocol that led the way in creating automated market makers (AMMs) in DeFi, has now brought forth its most far-reaching update yet with the arrival of Uniswap v4. Much more than a straightforward iteration, this version is being called a “canvas” for constructing new kinds of decentralized exchanges (DEXs). The main innovation is around something new called “hooks”—a programmable feature that lets developers inject custom logic into all sorts of places in each trade or liquidity operation. The consequences extend far and wide: We can reinvent liquidity provision strategies, deploy AI agents, and build on these fundamentals to
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