San Francisco-based DEX infrastructure provider 0x Labs has raised $70 million in a Series B funding round led by Greylock Partners.
According to Forbes, Pantera Capital, Jump Capital, OpenSea, and Jared Leto have also participated in the round.
0x Labs is working on “smart order routing” that allows users to split their transactions across various decentralized exchanges like Uniswap, Curve and Balancer. This makes it possible to minimize slippage while trading at the best prices on the market.
The company will use the raised funds to expand the staff, develop and expand the product line, as well as support new networks like Solana.
Solutions from 0x Labs are used in the platform for aggregating liquidity from non-custodial exchanges Matcha. The last one was launched in the summer of 2020.