Ethereum (ETH) one of the leading decentralized exchanges established on its network Uniswapraised $165 million in its last funding round.
Uniswap reached a valuation of $1.66 billion with a $165 million financing round.
Unisawp Labs’ series B funding round, cryptocurrency focused investment company Polychain Capital took place under his leadership.
Famous venture capital firm among other companies Andreessen Horowitz (a16z), Paradigm, SV Angel and VariantIt was seen that the crypto arm of .
Hayden Adams, founder of Uniswap, said in a statement that the funding round in question “Uniswap aims to bring its services to more people all over the world” told.
“The Uniswap Protocol was an experiment to see if I could create something that fully embodies the values of Ethereum.
Since then, it has grown and developed in ways I never imagined.
Now, Uniswap Labs brings the powerful simplicity and security that defines the Uniswap Protocol to even more people around the world.
As Uniswap Labs focuses on products, a much broader ecosystem continues to grow and evolve beyond what any company can do on its own.”
It was stated that the capital in the last round will be used to support Uniswap’s investments in web application and developer tools, NFT launch and mobile users.
Decentralized exchange launched in 2018 Uniswap held its first funding round in 2020, raising $11 million.
UNI, which rose by 11% after the news, experienced a pullback of 8% with the inflation data. However, afterward, it managed to diverge positively from Bitcoin. altcoin It went up to the $6 mark.
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