DEX dev Uniswap Labs looks for new funding at unicorn valuation: Report
Uniswap has been previously in talks with NFT lending protocols, planning to tackle liquidity issues and the “information asymmetry” around NFTs. Major decentralized exchange (DEX) Uniswap is in the early stages of raising significant funds to further expand its decentralized finance (DeFi) offerings, according to a new report.Uniswap Labs, a DeFi startup contributing to the Uniswap Protocol, is engaging with a number of investors to raise an equity round of $100 million to $200 million, TechCrunch reported on Sept. 30.The startup is working with investors like Polychain and one of....
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Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital raise, which sees Uniswap Labs’ valuation rise to $1.66 billion, is the largest by any crypto firm in 2022. Uniswap Completes $165M Capital Raise, Decentralized Exchange Reveals NFT Launch Uniswap Labs, the creator of the decentralized exchange (dex) Uniswap protocol, recently said it had raised $165 million via a Series B funding round. The funding round was led by Polychain Capital with the....
After securing $109 million in Series B funding spearheaded by Paradigm, non-custodial crypto wallet Phantom has bumped its valuation to $1.2 billion, bagging unicorn status, Tuesday. Paradigm CEO Brandon Millman said that the firm would utilize the funding to upgrade its cross-platform expansion, bring better user experience, and initiate app discovery to Phantom. As the […]
Per a report from TechCrunch, Uniswap Labs is looking to raise $100 million to $200 million in a new equity round at a $1 billion valuation. The company behind the popular Ethereum-based decentralized exchange (DEX) is allegedly still planning the round and the terms of the deal. Related Reading: Satoshi Fund CEO Warns Ethereum And […]
Level One blockchain network, 5ire, has joined the unicorn club after raising $100 million at a valuation of $1.5 billion in Series A round. It received the funding from UK-based conglomerate SRAM & MRAM Group which made 5ire India’s 105th unicorn. 5ire which is a blockchain company that was founded in August last year, is […]
Due to the increased valuation of Uniswap to $1.66 billion, UNI has gained 14.2 percent in the past day. Hayden Adams, Uniswap’s founder, has announced an important upgrade to the decentralized exchange on the company’s official blog. As of this writing, UNI is trading at $6.28, down 8.6 percent in the last seven days, data from Coingecko show, Friday. Polychain Capital’s most recent funding round is largely responsible for the increase in valuation. Existing investors such as Paradigm, Variant, SV Angel, and a16z crypto also took part in the Series B investment round.....