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Uniswap Dev To Raise $1 Million In New Funding

There are a lot of optimistic predicitons in the crypto space, despite the massive market volatility. Check out the latest reports regarding Uniswap below.

Uniswap dev addresses massive funding round

The developers behind the world’s largest decentralized crypto exchange (DEX) by trading volume are reportedly planning to raise hundreds of millions of dollars in a new funding round, according to the latest reports coming from the online publication the Daily Hodl.

It’s been reported that a recent report by TechCrunch revealed the fact that anonymous sources say that Uniswap Labs, the team that created the Uniswap (UNI) DEX, is looking to raise between $100 million and $200 million as a means of expanding its offerings.

Here’s what the notes reveal”

“The report finds that Uniswap Labs is in talks with numerous investors, including San Francisco-based crypto investment firm Polychain Capital and one of Singapore’s sovereign funds.”

More than that, it’s also been revealed that though neither Uniswap or Polychain were available to comment, sources who are familiar with the matter tell TechCrunch that the terms of the deal may change as the negotiations have yet to reach their finals rounds.

The Uniswap Labs COO Mary-Catherine Lader to TechCrunch stated the following:

“Our mission is to unlock universal ownership and exchange. If you can embed the ability to swap value and have people join the community and exchange value with your project, or your company or organization – that’s a powerful way to allow more people to engage in this ownership.”

We suggest that you check out more details about all this in the original article. 

Uniswap large holders make waves in the crypto space

Back in July, it’s been revealed that large Uniswap (UNI) holders were currently accumulating the crypto asset, according to the analytics firm Santiment.

Santiment also made sure to note the fact that addresses holding between 10,000 and one million Uniswap have added 10.74 million more UNI to their holdings from July 8th to July 24th.

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