Uniswap is the Ethereum blockchain’s biggest decentralized exchange (or DEX). It permits consumers from all over the globe to exchange cryptocurrency without the use of a middleman.
The holding company of the world’s largest cryptocurrency platform recently raised $165 million in a fresh financing round as it seeks to expand its services.
The innovative financing values Uniswap Labs at $1.66 billion, as stated by the company. Existing financiers a16z crypto, Paradigm, SV Angel, and Variant took part in the latest round as well.
The financial support — one of the largest Series Bs for a crypto company this year — arrives at a time when shareholders’ hunger for writing new checks has been dampened by the global economic downturn.
About Uniswap
Uniswap was originally established in November 2018 by Hayden Adams. The business’s main offices are in the Greater New York Area, East Coast, and Northeastern US.
The company is still in operation, and its most recent round of financing was Series B. The corporation’s lawful title is Uniswap Labs, Uni Swap, and its type of business entity is For Profit.
The company focuses on Blockchain, Cryptocurrency, Ethereum, Financial Services, and FinTech.
How Does Uniswap Work?
Uniswap is an algorithmic cash flow procedure fueled by a continuous production method and executed in an Ethereum blockchain scheme of non-smart contracts.
It eliminates the requirement for traditional intermediaries, putting decentralization, censoring rigidity, and protection first. Uniswap is GPL-licensed open software. Each Uniswap smart contract, or pair, handles a liquidity stream comprising two ERC-20 token deposits.
Anybody can join a pool as a liquidity provider (LP) by stashing an equivalent amount of each underpinning token in exchange for pool tokens.
These tokens represent pro-rata LP shareholdings of standardized residual and can be righted at any time for the underlying securities.
The UNI token
The Uniswap Framework is a social benefit that UNI token holders own and regulate. The Uniswap token empowers society ownership and energetic Protocol custodianship.
The Protocol is governed by UNI holders via an on-chain governance framework. 60% of the UNI gen. stockpile has been apportioned to Uniswap key stakeholders, with a quarter (15% of the total supply) already dispersed to previous users.
To begin, UNI is accessible via four cashflow mining pools: Following a 30-day oversight grace period, UNI owners may start voting to add more pools.
Top Perks
You can instantly start trading ERC20 tokens, which are any virtual resources constructed on Ethereum, on Uniswap (ETH). Because Ethereum is a prevalent decentralized cryptocurrency for initiating crypto tokens, this interaction supports a large number of digital currencies.
The Uniswap app is very user-friendly, so learning how to utilize it takes very little time. It’s simple to link a crypto wallet, exchange one cryptocurrency for another, or transfer your cryptocurrency in a trading platform.
Anyone with cryptocurrency can transfer it into these pools and become a liquidity supplier. This is known as liquidity mining. You are not required to submit any personal details or to establish an account.
You only need to connect your symmetric encryption wallet to begin trading cryptocurrency.
Financials and Investments
Uniswap has received $176 million in financing over two rounds. On October 13, 2022, they received a Series B round of funding. Eleven venture capitalists have contributed to the funding of Uniswap. The most notable shareholders are Polychain and Paradigm.
Uniswap Labs Enterprises has raised an aggregate of in a single venture capital fund. Uniswap has invested in 5 companies.
Their most subsequent asset occurred on September 30, 2022, when Blowfish raised $11.8 million. On June 21, 2022, Uniswap purchased Genie.
Conclusion
Uniswap is the Ethereum blockchain’s biggest decentralized exchange (or DEX). The business’s main offices are in the Greater New York Area, East Coast, and Northeastern US.
The company is still in operation, and its most recent round of financing was Series B. Uniswap Framework is a social benefit that UNI token holders own and regulate. Because Ethereum is a prevalent decentralized cryptocurrency for initiating crypto tokens, this interaction supports a large number of digital currencies.
Uniswap has received $176 million in financing over two rounds. Uniswap has invested in 5 companies. The holding company of the world’s largest cryptocurrency platform recently raised $165 million in a fresh financing round as it seeks to expand its services.
FAQs
Ans. Uniswap is the Ethereum blockchain’s biggest decentralized exchange (or DEX).
Ans. It permits consumers from all over the globe to exchange cryptocurrency without the use of a middleman.
Ans. Uniswap was originally established in November 2018 by Hayden Adams.
Ans. The company focuses on Blockchain, Cryptocurrency, Ethereum, Financial Services, FinTech.
Ans. Uniswap has received $176 million in financing over two rounds.
