[ad_1] <br><div style="background-color:transparent;background-size:20% 100%;background-repeat:repeat-x;background-image:linear-gradient(to right, rgba(0, 0, 0, 0.04) 1px, transparent 1px);background-position:0%;border-right:1px solid rgba(0, 0, 0, 0.04);position:relative;overflow:visible;font-size:1.2em;line-height:1.58;text-align:left"><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">The crypto bear market could have scared off retail buyers, but it surely hasn’t pushed away enterprise capitalists seeking to fund DeFi tasks. Uniswap <a target="_blank" href="https://uniswap.org/blog/bringing-web3-to-everyone" class="sc-adb616fe-0 ePvUAp" rel="noopener">announced</a> its newest increase of $165 million immediately, led by Polychain Capital.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">Becoming a member of Polychain Capital within the Sequence B funding spherical are a16z crypto, Paradigm, SV Angel, and Variant.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">“I’m so excited to announce that we’ve raised $165 million in Sequence B funding,” Uniswap founder Hayden Adams stated in a publish asserting the increase.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">Final month, TechCrunch <a target="_blank" href="https://decrypt.co/110952/uniswap-labs-eyes-200m-in-fresh-funding-report" class="sc-adb616fe-0 ePvUAp" rel="noopener">reported</a> that the then in-progress spherical might complete between $100 million and $200 million, with a Singapore-based sovereign funding fund and Polychain tied to the deal. The newest spherical provides Uniswap a $1.6 billion valuation.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">"After I constructed the Uniswap Protocol in 2018, it was an experiment to see if I might create one thing that totally embodied the values of Ethereum: clear, safe, and accessible,” Adams stated.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">A Decentralized alternate, or <a target="_blank" href="https://decrypt.co/73356/top-decentralized-exchanges-dex-uniswap-sushiswap" class="sc-adb616fe-0 ePvUAp" rel="noopener">DEX</a>, is an utility that lets customers commerce cryptocurrency instantly with one another with out utilizing an middleman. <a target="_blank" href="https://decrypt.co/resources/what-is-uniswap" class="sc-adb616fe-0 ePvUAp" rel="noopener">Uniswap</a> is an Ethereum-based DEX that enables customers to swap ERC-20 tokens.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">The peer-to-peer nature of those exchanges has made them a preferred choice for merchants in search of a extra non-public strategy to commerce, however DEXes have additionally grow to be a preferred goal of cybercriminals.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">In July, a cybercriminal was in a position to make off with <a target="_blank" href="https://decrypt.co/104916/hackers-nab-8m-ethereum-uniswap-phishing-attack" class="sc-adb616fe-0 ePvUAp" rel="noopener">$8 million</a> in funds stolen by means of a phishing rip-off concentrating on Uniswap customers. On October 1st, $23 million was stolen from a rival decentralized alternate, <a target="_blank" href="https://decrypt.co/111078/transit-swap-defi-hacker-returns-16m-stolen-ethereum-binance-coin" class="sc-adb616fe-0 ePvUAp" rel="noopener">Transit Swap</a>.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">Adams pointed to the launch of the Uniswap Basis for instance of the continued neighborhood help round Uniswap, saying it epitomizes what a decentralized neighborhood can obtain that a person firm couldn't by itself.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">“The governance neighborhood not too long ago voted to create the Uniswap Basis, which can contribute to the Protocol’s decentralized improvement and provides no less than $60 million in grants to neighborhood tasks over the following few years,” Adams stated.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">Since its launch, Adams stated, Uniswap has grown and developed and supported $1.2 trillion in buying and selling quantity.</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body">“I’m so grateful for the help of our unbelievable neighborhood, customers, buyers, and staff,“ Adams stated, “and I can’t wait to share extra within the months forward!”</p><p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"> </p><div class="my-4 border-b border-decryptGridline"><p><span class="border-t-4 border-l-4 w-4 h-4 sm:border-t-[6px] sm:border-l-[6px] sm:w-6 sm:h-6 border-decryptPurple dark:border-decryptNeon absolute top-4 left-4 sm:top-6 sm:left-6"/><span class="border-t-4 border-l-4 w-4 h-4 sm:border-t-[6px] sm:border-l-[6px] sm:w-6 sm:h-6 border-decryptPurple dark:border-decryptNeon absolute rotate-180 bottom-4 right-4 sm:bottom-6 sm:right-6"/><h3 class="font-ak-bold text-xl sm:text-3xl mb-6 md:text-center">Keep on prime of crypto information, get every day updates in your inbox.</h3></p></div></div> <br>[ad_2] <br><a href="https://decrypt.co/111921/ethereum-decentralized-exchange-uniswap-raises-165m-in-new-funding">Source link </a>