Uniswap's $165 Million Series B Capital Raise One of the Largest by a Crypto Firm in 2022

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.

Timeline of Uniswap

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.

A governance proposal that would deploy Uniswap V3 on the Ethereum scaling solution zkSync passed earlier today. The post Decentralized exchange protocol Uniswap V3 is deploying on zkSync 2.0 appeared first on The Block.

Uniswap Labs raises $165 million in a Series B funding round led by Polychain Capital and earlier investors Paradigm and a16z.  The post Uniswap DEX Continues to Be Industry Leader Following $165M Raise appeared first on BeInCrypto.

The company behind the development of the Ethereum-based decentralized exchange, Uniswap Labs, recently announced the successful completion of a Series B. The funding round managed to raise $165 million to expand the adoption of the protocol and “bring Web3 to everyone”.

Decentralised exchange Uniswap Labs has successfully managed to raise $165 million in a Series B funding round led by Polychain Capital. Uniswap Labs has successfully raised $165 million in a new funding round as the firm looks to expand its offerings.

The period between July and September was marked by a decline in key performance indicators for Uniswap [UNI], Messari found in a new report. In its latest report titled “State of Uniswap Q3 2022,” the blockchain analytics platform assessed the performance of Uniswap in the last quarter.

Uniswap Labs, the parent company of decentralized crypto exchange Uniswap, announced raising $165 million in the Series B funding round with $1.66 billion in valuation. The round was led by Polychain Capital and with participation from existing investors a16z crypto, Paradigm, SV Angel, and Variant.