A report by Tech Crunch said Friday that Uniswap Labs is in preliminary discussions for a fundraising of $100 million - $200 million and could command a valuation of around $1 billion, thus acquiring the hallowed ‘unicorn’ status. The company is the parent of Uniswap, the biggest decentralized exchange in the world that commands 64% of all DEX volumes, according to DeFi Llama. Further, it is significant that the exchange protocol’s token has a market cap of nearly $5 billion despite the bear market in crypto assets.