Decentralized Exchange Pulls In $165,000,000 in Fundraising Round Amid Ongoing Crypto Bear Market

The developers behind the world's largest decentralized crypto exchange (DEX) by trading volume are securing $165 million in additional investment amid the ongoing bear market. Hayden Adams, the chief executive of Uniswap Labs, says his team raised that total in a Series B funding round led by Polychain Capital.

Timeline of Uniswap

Amid the widespread recovery in broader markets, the Uniswap token price rebounded from the $5.66 support. A bullish reversal surged the prices 10% higher from this support and continued with the formation of the inverted head should pattern.

Uniswap Labs, the company behind one of the world's leading decentralized exchanges, has announced the company has raised some $165 million in Series B funding. The funding round was led by California-based Polychain Capital, with participation from longtime investors Andreessen Horowitz (a16z), Paradigm, SV Angel, and Variant.

In a recent development, Uniswap announced that they raised $165 million in their Series B funding round, led by the investment firm Polychain Capital. This news was followed by a subsequent spike in Uniswap's social media engagements.

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.

One of the most popular decentralized exchanges (DEX), known as Uniswap (UNI/USD) has successfully managed to raise $165 million in a Series B funding round. The crypto-focused investment company known as Polychain Capital raised this funding initiative.

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.

On Thursday (October 13), Uniswap Labs, the startup behind Uniswap Protocol, which is “an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum”, announced that it had raised $165 million in Series B funding. Here is an explanation of how Uniswap Protocol Works “Uniswap is an automated market maker.

Uniswap Labs' $165 million series B funding round has been dubbed as one of the biggest deals in DeFi history  The deal demonstrates how investor and user interest in the DeFi domain is still evolving at a rapid pace. Uniswap Labs on Thursday announced its $165 million series B funding round, led by Polychain Capital.

With several cryptocurrencies being launched this year, it can be difficult to find positive news. Bucking the trend is, BudBlockz on Uniswap, which is beating the prevailing market trends and gaining great popularity. Uniswap is a popular decentralized exchange. The platform allows users to trade cryptocurrencies in a peer-to-peer market without requiring a centralized intermediary.

Uniswap price surged hard after the platform's parent company, Uniswap Labs, raised fresh funds from investors. The company raised $165 million at a valuation of over $1.65 billion.