$AEVO up to 20.39% in on day!!! 👀✨️
Aevo is a decentralized exchange (DEX) that focuses on trading derivatives such as options and perpetual contracts. It was launched by the team behind Ribbon Finance in June 2023. The platform operates on a custom Layer 2 (L2) rollup based on the OP stack, designed to offer high throughput and low latency transactions while maintaining the security of the Ethereum network.
Aevo combines off-chain order matching with on-chain settlements, which allows it to deliver the speed and performance of centralized exchanges while preserving the transparency and security typical of blockchain-based solutions. The exchange supports options trading on Bitcoin ($BTC ) and Ethereum ($ETH ), as well as perpetual contracts on a range of popular tokens with leverage up to 20x.
One of Aevo’s notable products is its Pre-Launch Futures, which allows users to trade and speculate on the value of upcoming token launches. This has generated significant trading volume, particularly for hyped token launches.
The AEVO token, which emerged from the rebranding and merging of Ribbon Finance's RBN token, plays a central role in the platform's ecosystem. Token holders can stake AEVO to earn rewards and participate in platform governance. The tokenomics strategy includes incentives for trading and staking, aimed at boosting user engagement and liquidity.
Aevo is backed by prominent investors such as Paradigm, Dragonfly Capital, and Coinbase Ventures, and has processed over $25.5 billion in trading volume since its inception.
