Uniswap protocol raises $165 M & unlocks rewards globally

A trading platform Uniswap announced that they had received funding of $165 million in series B to enhance transparency among more users. Its vision is to provide easy access to every user of web3.

Hayden Adams, CEO at Uniswap Labs, brought security and simplicity to Uniswap Labs, for which it became popular among the wide crowd of market players. Additionally, to support this growth, the platform gained ample funding, led by Polychain Capital and from existing investors like Paradigm, SV Angel, crypto, and Variant.

Hayden Adams built the Uniswap Protocol in 2018, and since then, it has supported $1.2 trillion in trading and has become popular in public infrastructure for exchanging digital assets. Uniswap Labs will now be working on developing more simpler and safe versions to deal with crypto and other decentralized products in web3. Meanwhile, they are also working on the growth of the Uniswap ecosystem.

In one of its Twitter posts, the company showed gratitude towards all the investors, users, its team, and the community. Uniswap is a one-stop, user-friendly web App for research, trade, and data infrastructure on a single interface.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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