Let’s talk about DEX, baby. Major decentralized exchange Uniswap is in the early stages of raising funds to further expand its DeFi offerings. (Reporting via coindanslecoin)
) is in the early stages of raising significant funds to further expand its decentralized finance offerings, according to a new report.
Uniswap Labs, a DeFi startup contributing to the Uniswap Protocol, is engaging with a number of investors to raise an equity round of $100 million to $200 million, TechCrunchThe startup is working with investors like Polychain and one of Singapore’s sovereign funds as part of the upcoming funding round, the report notes, citing two anonymous people familiar with the matter.
The new funding reportedly aims to bring more DeFi tools and nonfungible token offerings to Uniswap. At the time of writing, Uniswap’s daily trading volumes to $1.1 billion, or about 57% of all trading across global DEXs, according to data from DefiLlama. By comparison, Curve, the second-largest DEX after Uniswap by volumes, has about $205 million in daily volumes.“Our mission is to unlock universal ownership and exchange,” Uniswap Labs chief operating office Mary-Catherine Lader reportedly said.
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