Key takeaways:
Binance Labs has invested in Rango, a cross-blockchain aggregator of decentralized exchanges (DEXs) and gateways.Â
Rangoâs interoperability makes it easy to transact across various blockchain ecosystems to drive DeFi growth.Â
Binance Labs, the venture capital division and incubator of Binance, has invested in Rango, a cross-blockchain platform aggregator decentralized exchanges (DEX) and gateways.Â
Rangoâs interoperability makes it easy to transact across various blockchain ecosystems to drive DeFi growth. With its extensive capabilities and compatibility with major blockchains including BTC, Solana, Tron, Cosmos Ecosystem, Starknet and more, Rango is poised to become a leading DEX and inter-gateway aggregator. blockchains as well as a solution for multi-blockchain wallets looking for reliable cross-blockchain functionality. Â
Already positioning itself as a key player in the space, Rango offers its services through leading wallets and Dapps like TrustWallet, Exodus, Binance's Web3 Wallet and Compound. The project also aspires to integrate other popular blockchains to stay at the forefront of innovation in cross-blockchain trading. Â
Rango currently supports over 60 blockchains, 70+ DEXs, and 20+ gateways, with a total trading volume exceeding $3 billion. As of June 19, the aggregator had processed more than 2.5 million swaps for 590,000 distinct wallets and was handling more than 3,000 organic cross-blockchain swaps per day.
Rango manages over 2 million swap quotes per day, ensuring fast response times for its growing user base. To attract the next billion DeFi users, Rango is focused on improving its infrastructure and supporting additional blockchains.
Yi He, Co-Founder of Binance and Director of Binance Labs, said: âRangoâs suite of services aligns with Binance Labsâ goal of supporting projects that drive cross-blockchain development and innovation . We look forward to following Rangoâs journey as he continues to shape the DeFi industry. »
Vahid Kaya, co-founder of Rango, said: âThanks to Binance Labs, our exchange will have the support needed to boost the multi-blockchain ecosystem. Our project is compatible with various blockchains to ensure secure and efficient token swaps anywhere. It is an honor for us to work alongside Binance Labs to further improve our innovative cross-blockchain solutions. »Â
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About Rango
The Rango exchange platform is an aggregator of DEXs and cross-blockchain gateways that makes available to users the best trading prices available on various protocols and blockchains. By pooling liquidity from multiple sources, Rango guarantees users the best prices for their trades, reduces slippage and increases efficiency. The platform supports a wide range of tokens and offers a unified API and a user-friendly interface for a simplified trading experience.
About Binance Labs
As the venture arm and accelerator of Binance, Binance Labs is now worth over $10 billion. Its portfolio includes 250 projects in more than 25 countries on six continents and its return on investment rate is greater than 14x. Fifty of the companies in the Binance Labs portfolio are projects that participated in our incubation programs. Subscribe to Binance Labs Profile X to learn more.
Disclaimer: The information provided in this article is for general information purposes only and does not constitute investment advice, endorsement, analysis or recommendations regarding any financial instruments, investments or issuers. This article may contain forward-looking statements which, by their nature, are subject to risks and uncertainties. Investing in crypto and DeFi projects carries significant risks, including the loss of all invested funds. This article does not take into account the investment objectives, financial situation or specific needs of any particular person, and everyone should consult their legal and financial advisors before making any investment decision.
