Uniswap Labs to raise venture capital at $1 billion valuation

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  • Uniswap Labs is gearing up to raise over $100 million in a new round of funding as it expands into new products and services.
  • The decentralized exchange commands 64% of all DEX volume, according to DeFi Llama.
  • Uni’s new funding is indicative of the company’s ambitious plans

Uniswap Labs is gearing up to raise more than $100 million in a new funding round as it expands into new products and services, according to four sources familiar with the matter, as reported by TechCrunch, and continues to gain popularity with traders.

The company is currently seeking investors, including Polychain and one of Singapore’s sovereign wealth funds, to raise a $100-200 million seed round at a valuation of around $1 billion.

Round deliberations have not reached the final stages, so the terms of the deal could change, sources have warned.

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Uni’s new funding is indicative of the company’s ambitious plans to expand its offerings. The decentralized exchange commands 64% of all DEX volume, according to DeFi Llama. And the exchange protocol token has a market capitalization of nearly $5 billion despite the market downturn. (At the peak of the bull cycle last year, Uni’s market capitalization exceeded $22.5 billion.)

In recent months, Uniswap Labs has shared plans to add “several new products.” One of the new offerings will allow customers to trade NFTs on Uniswap from a number of marketplaces, Mary-Catherine Lader, COO of Uniswap Labs, told Decrypt.

Lader told TechCrunch in a previous interview that their mission is to “unlock universal ownership and exchange.” If you can embed the ability to exchange value and have people join the community and exchange value with your project, business, or organization, that’s a powerful way to get more people to engage. in this property.

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