$UNI Up 12% As Uniswap Raises $165 million in Series B funding

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.