Uniswap attracted $165 Milln during a closed round of financing – Bits Media

Decentralized cryptocurrency exchange (DEX) Uniswap announced the attraction $165 Milln during a closed round of financing, which was headed by Polychain Capital, Paradigm, Andreessen Horowitz, Variant and others.

According to the results of the round, the screaming rating increased to $1.6 billion. Founder of Uniswap Heyden Adams (Hayden Adams) noted, What to create uniswap in 2018 year, He did not assume, that the protocol will grow to such sizes and will become the embodiment of all values ​​of the ecosystem of the Ethrium.

Adams said, what if they were a company, not supported by a decentralized community, It is unlikely that anything came out for them. According to him, Uniswap has become a kind of landmark for other developers: Constant support for the exchange community demonstrates, that a decentralized system can achieve that, What the company cannot achieve alone.

“Recently, the management community voted for creating the Uniswap Foundation Foundation, which will contribute to the development of the protocol and provide at least $60 Milln in the form of grants for public projects over the next few years ", - said Adams.

At the moment, the total volume of operations carried out on the exchange has exceeded $1.2 trillion, and the daily volume of transactions is the order $200 million. The funds planned to be sent to expand the development team during the round of financing..

Uniswap began to negotiate $100 million to $200 Milln back in September. Then the company said, that funds are needed to create a universal platform for storage and exchange of digital assets.