According to reports from TechCrunch, Uniswap Labs is planning a new round of equity financing of US$100 to US$200 million.

The decentralized exchange (DEX) has come a long way since its inception at the end of 2018.

Currently, the blockchain protocol running on Ethereum is the fourth largest in DeFi Pulse, with a total value locked of $3.79 billion.

According to DeFi Llama, despite the market downturn, the exchange’s token market capitalization is approaching $5 billion. and had a monopoly of 64% of all decentralized exchanges (DEX) trading volume.

Uniswap Labs is approaching several investors, including Polychain and one of Singapore’s sovereign wealth funds, to raise between $100 million and $200 million at a valuation of around $1 billion, laying the groundwork for a variety of upcoming products. according to those involved. .

Mary-Catherine Lader, chief operating officer of Uniswap Labs, said that one of the new products will allow customers to trade NFTs on Uniswap from multiple markets. Another is a wallet, according to people familiar with the matter.

Uniswap is considered to be the largest decentralized exchange (DEX) operating on the Ethereum blockchain. The platform has been helping lead the decentralized finance (DeFi) movement and has proven to be an advocate for the democratization and decentralization of the traditional financial system. Last September, the US Securities and Exchange Commission (SEC) began investigating Uniswap Labs, looking at how investors use Uniswap, the world’s largest decentralized exchange, and how the platform is marketed.

In April, Uniswap Labs, the largest decentralized exchange and automated market making protocol on Ethereum, announced the launch of a new venture capital arm, Uniswap Labs Ventures, to invest in Web3 projects.

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