Uniswap, the world’s largest decentralized exchange (DEX), is in talks with investors for a new fund of over $100 million
Decentralized cryptocurrency exchange Uniswap is one of Singapore’s government-backed funds and is backed by Polychain, Techcrunch reported September 30. 100 million to Equity of $200 million will increase. With this equity increase, Uniswap’s valuation not exceeding $1 billioni expected.
In the news, the funding round organized by Uniswap not yet concluded terms of agreement for may change specified.
Total volume on all decentralized exchanges, according to DefiFlama data from 56% more than by Uniswap is met.
The exchange’s native token, UNI, is listed by CoinGecko as the 18th most valuable cryptocurrency. In addition, despite the decline in the crypto money market, UNI has a market value of approximately 5 billion dollars.
UNI, which experienced an increase of about 8% with the news, is trading at $ 6.52 at the time of writing.
