San Francisco-based DEX infrastructure provider 0x Labs has raised $70 million in a Series B funding round led by Greylock Partners.

As a reliable exchange infrastructure for the Internet, @0xProject It has allowed more than $157 billion of tokenized value to flow between over 43 million transactions on major blockchains. We @greylockVC We are excited to lead the Series B. @saranormous & @SethGRosenberg https://t.co/EVnzcMu8Kk

— Greylock (@GreylockVC) April 26, 2022

Pantera Capital, Jump Capital, OpenSea and Jared Leto also joined the round, according to Forbes.

0x Labs is working on “intelligent order routing” that allows users to split their transactions on various decentralized exchanges such as Uniswap, Curve, and Balancer. This makes it possible to minimize slippage when trading at the best prices in the market.

The company will use the funds raised to expand staff, develop and expand its product line, as well as support new networks like Solana.

0x Labs’ solutions are used on the platform to collect Matcha liquidity from non-custodial exchanges. The last one was released in the summer of 2020.

Matcha is the second most traded DEX aggregator after 1 inch.

In 2021, 0x Labs raised $15 million in a Series A funding round led by Pantera Capital. Jump Capital, Coinbase Ventures also joined in. Blockchain.com Ventures and other venture capital investors.

Recall that the native token of the 0x protocol (ZRX) increased by 55% against the background of the news about the launch of the NFT market from Coinbase.