Decentralized crypto exchange Uniswap (UNI) managed to receive $165 million in funding from its Series B investment round.
In the ongoing bearish crypto bear market, Uniswap continues its project development. Aiming to compete with its strong rivals on the side of centralized exchanges, the company managed to attract the attention of investors. Finally, the company managed to get strong support from a Series B round led by Polychain Capital.
Uniswap Wants to Be the Leader of the Industry in the Near Future
Crypto exchange Uniswap has reached the largest investment on the decentralized finance side. In the challenging crypto bear market this year, it has been positively evaluated that decentralized projects are receiving such an investment. The message was given that cryptocurrencies will also be used in the future.
The company shared the funding news it received on the blog. Stating that this is a start, Uniswap underlined that it will focus on applications and developments. Funding companies include a16z crypto, Paradigm, SV Angel and Variant.
Earlier, the company official announced that he was targeting $100 million from the funding round with the support of Polychain and Singapore. The company was able to receive an investment above the targeted amount.
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