Granblue Fantasy Versus update 2.73 was released today by Arc System Works. You can get the PC and PS4 patch notes for this update here.
The only thing implemented in this patch is an improvement to the online lobby and matchmaking. There are a number of fixes made to ensure a smoother experience so take a look at the patch notes below, or see them on the official website.
Granblue Fantasy Versus Update 2.73 Patch Notes
Connection quality display has been added to online lobbies.
Online Lobby/Room Match
The connection quality of other players in Online Lobby/Room Match modes will now be displayed.
When in an Online Lobby or a Room Match, the connection quality of surrounding players will be displayed to the left of their names. The connection quality of all players in an Online Lobby/Room Match can also be checked by opening the Lobby Members List.
* Connection quality may not display in certain circumstances due to the state of the connection.