Binance Labs announced investment in the decentralized multi-chain trading platform UXUY, aimed at supporting the development of the Bitcoin Lightning Network ecosystem. With the investment from Binance Labs, UXUY will strengthen its construction and layout in the diverse ecosystem of Bitcoin Layer2. It is reported that UXUY is a incubation project of Binance Labs S6. As an excellent team representative, UXUY was invited to participate in the Istanbul Binance Blockchain Week and deliver a keynote speech. Currently, UXUY has reached a deep cooperation with Binance Web3 Wallet to jointly promote the development of inscriptions and decentralized indexers. As an early builder of the Bitcoin ecosystem, UXUY has innovatively constructed a Launchpad based on the Lightning Network, becoming the world's first DEX running a Lightning Network node. It has also launched Lightning Address DID service, fully supporting Bitcoin Taproot assets and becoming a core contributor to the Lightning Labs. UXUY is constantly improving the infrastructure of the Bitcoin ecosystem. Previously reported by ChainCatcher, UXUY completed a seed round financing of $3.2 million on April 11, 2023, with participation from institutions such as Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Mexc Ventures, and Pionex.