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The proposal passed with nearly 100% of all votes agreeing to the deployment of Uniswap on zkSync, with over 72 million UNI staked by users.

On Thursday (October 13), Uniswap Labs, the startup behind Uniswap Protocol, which is “an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum”, announced that it had raised $165 million in Series B funding. Here is an explanation of how Uniswap Protocol Works “Uniswap is an automated market maker.

Uniswap Labs' $165 million series B funding round has been dubbed as one of the biggest deals in DeFi history  The deal demonstrates how investor and user interest in the DeFi domain is still evolving at a rapid pace. Uniswap Labs on Thursday announced its $165 million series B funding round, led by Polychain Capital.

The latest Series B funding round, led by Paradigm, puts Uniswap's value at $1.66 billion, the company said.

Crypto Price Today Oct 14 Latest Updates: The crypto market continues a market-wide recovery on Friday, with crypto prices including Bitcoin and Ethereum rising almost 4%. The crypto market rebounds in correlation to the U.S. stock market, with S&P 500, Dow Jones, and Nasdaq rising over 2.50%.

With several cryptocurrencies being launched this year, it can be difficult to find positive news. Bucking the trend is, BudBlockz on Uniswap, which is beating the prevailing market trends and gaining great popularity. Uniswap is a popular decentralized exchange. The platform allows users to trade cryptocurrencies in a peer-to-peer market without requiring a centralized intermediary.

Ethereum addresses holding at least 1 ETH hits a new high of 1.589 million.

Uniswap price surged hard after the platform's parent company, Uniswap Labs, raised fresh funds from investors. The company raised $165 million at a valuation of over $1.65 billion.

A governance proposal that would deploy Uniswap V3 on the Ethereum scaling solution zkSync passed earlier today. The post Decentralized exchange protocol Uniswap V3 is deploying on zkSync 2.0 appeared first on The Block.

Polychain Capital led the Series B with participation from a16z crypto and others.

Uniswap Labs raises $165 million in a Series B funding round led by Polychain Capital and earlier investors Paradigm and a16z.  The post Uniswap DEX Continues to Be Industry Leader Following $165M Raise appeared first on BeInCrypto.

The company behind the development of the Ethereum-based decentralized exchange, Uniswap Labs, recently announced the successful completion of a Series B. The funding round managed to raise $165 million to expand the adoption of the protocol and “bring Web3 to everyone”.

Decentralised exchange Uniswap Labs has successfully managed to raise $165 million in a Series B funding round led by Polychain Capital. Uniswap Labs has successfully raised $165 million in a new funding round as the firm looks to expand its offerings.

The period between July and September was marked by a decline in key performance indicators for Uniswap [UNI], Messari found in a new report. In its latest report titled “State of Uniswap Q3 2022,” the blockchain analytics platform assessed the performance of Uniswap in the last quarter.

The decentralized exchange has supported $1.2 trillion in cumulative trading volume since its inception, according to founder and CEO Hayden Adams.

Uniswap Labs has landed the sum of $165 million in Series B funding as it looks to focus on the release of new products

Decentralized exchange Uniswap has raised funds to improve its financial stability in coming years

Leading investment firms, such as Polychain Capital and Andreessen Horowitz (a16z}, led Uniswap's funding round.

Uniswap Labs, the parent company of decentralized crypto exchange Uniswap, announced raising $165 million in the Series B funding round with $1.66 billion in valuation. The round was led by Polychain Capital and with participation from existing investors a16z crypto, Paradigm, SV Angel, and Variant.

Uniswap announced it succeeded in raising $165 million in the second round of its funding campaign. The post Uniswap Labs valued at $1.66 billion after $165 million Series B appeared first on The Block.

Uniswap price analysis indicates UNI prices opened the daily chart trading as low as $6.06 and continue to trade in a bearish trend. After the recent market-wide sell-off, the cryptocurrency has not been able to find any buyers at higher levels and has slipped below the $6.00 level.

The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain.

Uniswap price analysis shows that the UNI/USD pair is currently in a bearish cycle. The value of Uniswap has been reduced to $6.31, after finding support at $6.27.

Polygon rolled out its first public testnet for its rollup solution zkEVM, with blue-chip DeFi projects Uniswap and Aave jumping on board.