Uniswap Labs to raise $100 million at valuation of $1 billion


  • Uniswap is working for a new funding round that is estimated to value the firm at $1 billion.
  • Uniswap was earlier in conversation with NFT lending protocols to manage problems regarding liquidity and the information asymmetry regarding NFTs.
  • The Ethereum-based DEX encountered a serious hack in July when attackers made $4.7 million worth of ETH.

Uniswap, the decentralized exchange, is in its initial phases of generating funds to outgrow its DeFi offerings further, says a report. 

As reported on September 30, the DeFi startup is in talks with many investors to generate an equity round that’s between $100 million to $200 million.

Uniswap Labs is working with investors such as Polychain as well as a sovereign fund from Singapore. Uniswap is estimated to be valued at $1 billion; however, the terms of the deal might change since nothing regarding the discussions has been finalized until now.  

Owing to the new funding, more NFT offerings and DeFi tools are envisioned from the new funding. 

Currently, the daily trading volumes of Uniswap are $1.1 billion or 57% of entire trading throughout DEXs on a global level. If compared, the second-largest DEX, Curve, has over $205 million in terms of daily volumes.

In the last few months, Uniswap Labs has disclosed its plans of adding many new products. Among these is a new offering that will enable consumers to trade NFTs on Uniswap from several marketplaces. Talking about another product, it is probably a wallet.

Mary-Catherine Lader, Uniswap Labs chief operating officer, said that they aim to unveil global exchange and ownership. Adding on, she said: 

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.

Uniswap Labs has refused both denying and confirming the report regarding its plans about the fund raise. 

As mentioned above, Uniswap is engaging with various NFT lending protocols, aiming to handle information asymmetry on NFTs besides liquidity issues. Even during the bearish wave, DEX has enjoyed a growing trend.

In 2019, the first funding round of Uniswap was accomplished from Paradigm, the American crypto-based company. In 2020, it accomplished a Series A funding round led by Andreessen Horowitz with extra investments from companies such as USV, Parafi Capital, Paradigm, Variant, Version One and more.