Home Crypto News Report: Uniswap Seeks to Elevate $200 Million in Contemporary Capital at $1 Billion Valuation – Defi Bitcoin Information

Report: Uniswap Seeks to Elevate $200 Million in Contemporary Capital at $1 Billion Valuation – Defi Bitcoin Information

by Cryptoroz


The most important decentralized trade (dex) platform by world commerce quantity, Uniswap, is seeking to increase between $100 and $200 million, based on a report citing individuals acquainted with the corporate. The funding spherical is presently in a nascent stage because the report claims Uniswap has been “participating with quite a lot of traders.”

Sources Say Uniswap Is Eyeing a Contemporary Capital Elevate From Buyers Like Polychain

In accordance with 4 unnamed sources acquainted with the matter, Uniswap is eyeing recent capital from traders. The information stems from a report revealed by Tech Crunch reporter Manish Singh who cites the events acquainted with Uniswap’s enterprise dealings. Singh says the sources declare that the decentralized trade (dex) startup is “participating with quite a lot of traders” and one among them is Polychain Capital.

Uniswap is looking for roughly $100 to $200 million in recent capital and will print a post-valuation of round $1 billion. Up to now, Uniswap has raised round $12.8 billion from traders. Following the $1.8 million seed spherical in April 2019, the Uniswap crew raised one other $11 million in a Sequence A led by Andreessen Horowitz (a16z).

The $11 million injected into Uniswap additionally stemmed from different enterprise capital corporations like Parafi capital, Paradigm, and Union Sq. Ventures. The fundraising information follows the creation of the Uniswap Basis, and the group simply revealed plans to distribute $1.8 million in grants to 14 completely different recipients.

Defillama.com statistics present Uniswap is the fifth largest decentralized finance (defi) protocol when it comes to whole worth locked (TVL). Uniswap’s TVL, on September 30, 2022, is roughly $5.3 billion, up 3.75% over the last seven days. Defillama.com metrics additional present that the dex represents near 64% of all dex quantity worldwide.

Uniswap model 3 (V3) has printed $834,376,434 in 24-hour commerce quantity, whereas Uniswap V2 has roughly $41.71 million. There’s additionally Uniswap Polygon ($97.43M), Uniswap Arbitrum ($47.64M), and Uniswap Optimism ($51.44M). On the finish of June, Uniswap introduced it acquired the non-fungible token (NFT) aggregator Genie and not too long ago revealed integration with the NFT market Sudoswap.

Tags on this story
$1 Billion Valuation, 4 unnamed sources, Andreessen Horowitz (A16z), decentralized trade, decentralized finance, DeFi, Defillama.com metrics, DEX, Genie, grants, Manish Singh, seed spherical, Sequence A, Sudoswap, TVL, uniswap, Uniswap Basis, Uniswap V2, Uniswap model 3

What do you consider Uniswap seeking to increase $100 to $200 million from strategic traders? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising in the present day.

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