Uniswap Labs rumored to be elevating $100M in funding at a $1B valuation

by Cryptospacey

TechCrunch has launched data stating that the mother or father firm of the Uniswap DEX, Uniswap Labs, is getting ready for a brand new $100 million funding spherical to develop its providing.

“Uniswap Labs is in early levels of placing collectively a brand new spherical…because the mother or father agency of the favored eponymous decentralized protocol gears as much as broaden its choices.”

The tech information outlet couldn’t cite sources for the knowledge however claimed that “4 sources aware of the matter” have confirmed the report. Watcher Guru on Twitter additionally speculated that the spherical would seemingly worth the corporate at $1 billion.

Ethereum founder Vitalik Buterin additionally commented on the energy of the Uniswap platform, arguing that its worth proposition permits for trades to be accomplished in 30 seconds. The remark was made a couple of submit selling the long run reputation of app chains and the “inevitability of UNIchain.”

Uniswap Labs are but to remark publicly on the matter.

The UNI token is buying and selling up 2.3% on the day following the information after being up 7.5% in early morning buying and selling. The token is down 66% for the reason that begin of the yr however down solely 9% towards Bitcoin over the identical interval.

uniswap usd
Supply: CryptoSlate

CryptoSlate has reached out to the Uniswap staff for remark however has but to reply instantly.

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