Uniswap Raises $165 Million in Series B Funding

Decentralized exchange Uniswap has received $165 million in Series B funding. Polychain Capital led the round, which also included a16z crypto and Paradigm.

Uniswap was estimated in this round to be worth $1.6 billion. The popular DEX, which enables users ERC-20 token swapping, saw $1.2 trillion in trading volume since it opened its doors. The new Series B funding will assist Uniswap with maintaining its leading position in the DEX space.

Apart from the successful funding, Uniswap recently had more good news, as the Uniswap Foundation was created following a governance vote. Uniswap Foundation is set to donate $60 million to community projects in the next several years.