Main topics of the post:
Binance Labs has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator.
Rango's interoperability allows transactions across diverse blockchain ecosystems to be facilitated in order to drive the growth of the DeFi sector.
Binance Labs, the venture capital arm and incubator of Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator.
Rango's interoperability allows transactions across diverse blockchain ecosystems to be facilitated in order to drive the growth of the DeFi sector. With its extensive features and support for leading blockchains including BTC, Solana, Tron, Cosmos Ecosystem, Starknet and others, Rango is poised to be a leading cross-chain DEX and bridge aggregator as well as a wallet solution multi-chain companies that seek reliable cross-chain functionalities.
By positioning itself as a key player in the space, Rango's services are accessible through well-known wallets and DApps like TrustWallet, Exodus, and Compound. Additionally, its goal is to integrate other popular blockchains to ensure it remains at the forefront of cross-chain trading innovation.
Currently, Rango supports 60+ blockchains, 70+ DEXs, and 20+ bridges, with a total transaction volume exceeding $3 billion. Since June 19, it has processed more than 2.5 million swaps for 590,000 unique wallets and is executing more than 3,000 organic cross-chain swaps daily.
As Rango handles over 2 million daily swap quotes, it ensures fast response times for its ever-growing user base. To attract the next billion users to DeFi, Rango is focused on improving its infrastructure and expanding support for other blockchains.
Yi He, Co-Founder of Binance and Lead of Binance Labs, commented: "Rango's services align with Binance Labs' goal of supporting projects that bolster cross-chain development and innovation. We look forward to seeing Rango's journey as it continues to shape the DeFi space.”
Vahid Kaya, co-founder of Rango, said: "With Binance Labs, Rango Exchange will be supported to power the multi-chain ecosystem. By supporting multiple blockchains, we ensure secure and efficient token swaps anywhere. We are excited to work alongside Binance Labs to further enhance our innovative cross-chain solutions.”
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About to Range
Rango Exchange is a cross-chain decentralized exchange (DEX) and bridge aggregator that connects users to the best trading rates across multiple protocols and blockchains. By aggregating liquidity from multiple sources, Rango ensures users get the ideal prices for their trades, reducing slippage and improving efficiency. The platform supports a wide range of tokens and provides a unified API and an easy-to-use interface for a hassle-free trading experience.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs is now worth over $10 billion. Its portfolio covers 250 projects from more than 25 countries on six continents and has an investment return rate of more than 14 times. Fifty of the Binance Labs portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.
Risk Warning: The information provided in this article is for informational purposes only and does not constitute investment advice, endorsement, analysis or recommendations with respect to any financial instruments, investments or issuers. This article may contain forward-looking statements that are, by their nature, subject to risks and uncertainties. Investing in cryptocurrency and DeFi projects involves substantial risks, including the risk of total loss. This article does not take into account the investment objectives, financial situation or specific needs of any particular person and each individual should speak with their legal and financial advisors before making any investment decision in order to engage in transactions or be led to suggest an investment strategy in relation to any financial instruments or their issuers.
