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Why Uniswap Labs Seeks $100 Million Equity Round

Uniswap Labs is looking to raise between $100 million and $200 million in a new equity round valued at $1 billion, according to a TechCrunch report. The company behind the popular Ethereum-based decentralized exchange (DEX) is said to be still planning rounds and trading terms.

In that sense, the final outcome of these deliberations and the final details of the deal are subject to change, according to two sources familiar with the matter. The company behind Uniswap is looking to expand its offerings and products, he claims TechCrunch.

This new funding round, if successfully completed, will be the first step in that direction. Uniswap Labs has approached multiple potential investors interested in this round, including Polychain and others.

The company has already received funding from Paradigm Venture Capital, Union Square Ventures, ParaFi, a16z and others. So you may be interested in supporting new rounds.

Will Uniswap embrace Web3 and a new round boost its dominance?

Uniswap is one of the Ethereum exchanges fueling the 2020 “DeFi Summer” as decentralized finance (DeFi) adoption surges. At the time, the protocol, which allows users to trade, borrow funds, exchange tokens, and more, surged from less than $1 billion in total to $10 billion, and by 2021, he could hit $1,000. billion dollars.

This allowed Uniswap to bring more people onto the platform and successfully complete its third iteration. Now the company behind DEX wants to give users a new wallet and a non-fungible token (NFT) platform to exchange these digital assets.

The adoption of NFTs and DeFi protocols has prompted a new narrative in the cryptocurrency sector dubbed “Web3”. This is the evolution of the internet with blockchain capabilities as we know it. Uniswap Labs seems to have embraced this narrative and aims to maintain its dominance in this area.

Data provided by DeFi Pulse shows Uniswap in fourth place.th Ethereum DeFi protocol for Total Value Locked (TVL). The protocol holds around $3.8 billion in this ranking, with user numbers up 12% month-on-month as of August 2022, and user retention at 40% of his.

As seen in the chart below, the DeFi pulse shows that the DeFi sector has a TVL of $27.6 billion. This shows that Uniswap and the top 4 protocols make up the majority of his TVL in Ethereum-based decentralized finance.

TVL for Ethereum DeFi.Source: DeFi Pulse

Mary Catherine Lader told TechCrunch about their purpose, their ambition to become a “universal protocol” and their goal of providing exchange value to users and taking ownership of assets.

Our mission is to unlock universal ownership and exchange. Building in the ability to exchange value, getting people involved in communities, and being able to exchange value with projects, companies, and organizations is a powerful way to get more people involved in this ownership.

Uniswap Price Moves Against Crypto Market Trends

Uniswap prices are trending higher despite weakness in Bitcoin, Ethereum, and other larger cryptocurrencies. You may be reacting to expectations for

At the time of writing, the price of UNI is trading at $6.50, gaining 4% over the last 24 hours and 14% over the past week. Cryptocurrency continues to move as news of a new funding round spread across multiple news outlets.

Uniswap UNI UNIUSDT Chart 2
UNI price with a slight increase on the daily chart. sauce: UNIUSDT Tradingview

Why Uniswap Labs Seeks $100 Million Equity Round

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