0x Labs, a San Francisco-based DEX infrastructure provider, has raised $70M in a Series B funding round led by Greylock Partners.
Pantera Capital, Jump Capital, OpenSea and Jared Leto have also taken part in the funding round, according to Forbes.
0x Labs is the development of “smart order routing” that allows user transactions to be split 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 funds raised to expand its workforce, develop and expand its product line and support new networks like Solana.
Solutions from 0x Labs are used in the liquidity aggregation platform for non-custodial exchanges Matcha. Matcha is the second largest DEX aggregator in terms of trading volume after 1inch.
