Sunday, October 2, 2022
HomeCrypto MiningUniswap Labs rumored to be elevating $100M in funding at a $1B...

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

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

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

The tech information outlet couldn’t cite sources for the data however claimed that “4 sources conversant in 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% because the begin of the 12 months however down solely 9% towards Bitcoin over the identical interval.

uniswap usd
Supply: CryptoSlate

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

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