Uniswap Labs, the company behind the development of the Uniswap protocol, plans to raise $100 million to $200 million at a valuation of $1 billion.
According to Tech Crunch, the new funding round is in the early stages of preparation.
Polychain and one of Singapore’s sovereign wealth funds are already participating in the deal.
Uniswap is the largest decentralized exchange (DEX) in the digital asset market, accounting for about 64% of all trading volumes.