Decentralized Finance (DeFi) is one of the first projects that come to mind when it comes to Uniswap recently announced its first grant program. There was a new development regarding Uniswap today.
According to TechCrunch 4 sources, it was stated that Uniswap is preparing for a new funding round and is working to raise equity between $ 100 million and $ 200 million with a valuation of $ 1 billion.
While the sources stated that Polychain and one of Singapore’s leading funds are among the investors, the conditions may change due to the fact that the agreement is not fully achieved.
Uniswap, Ethereum It is a decentralized cryptocurrency exchange built on the blockchain and accounts for 64% of the volume in DEXs.
Investors welcomed Uniswap’s continued efforts to implement its new plans.
Having reached a valuation of $22.5 billion during the 2021 bull, UNI is currently valued at $5 billion.
After the news about Uni was announced, the price activity also increased. UNI, which rose by 6% in the first stage, then experienced a retreat of 3.5%.
*Not Investment Advice.
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