Binance Labs invests in UXUY to strengthen its layout in the Bitcoin Lightning Network and multi-chain DEX ecosystem

ChainCatcher news, Binance Labs announced an investment in the decentralized multi-chain trading platform UXUY, aiming to support the development of the Bitcoin Lightning Network ecosystem. With the investment from Binance Labs, UXUY will strengthen its construction and layout in diverse ecosystems such as Bitcoin Layer 2.

It is reported that UXUY is an incubation project of Binance Labs S6. As a representative of an excellent team, UXUY was invited to participate in the Istanbul Binance Blockchain Week and deliver a keynote speech. Currently, UXUY has reached an in-depth cooperation with Binance Web3 Wallet to jointly promote the development of inscriptions and decentralized indexers.

As an early builder in the Bitcoin ecosystem, UXUY has innovatively built a Launchpad based on the Lightning Network, becoming the world's first DEX operating a Lightning Network node. It has also launched the Lightning Address DID service, fully supporting Bitcoin Taproot assets and becoming a core contributor to the Lightning Labs. UXUY is continuously improving the infrastructure of the Bitcoin ecosystem.

ChainCatcher previously reported that UXUY completed a $3.2 million seed round financing on April 11, 2023, with participation from institutions such as Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Mexc Ventures, and Pionex.