Binance Labs, the venture capital and incubation arm of Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator.
Rango provides interoperability for easy transactions between diverse blockchain ecosystems, supporting major blockchains such as BTC, Solana, Tron, Cosmos Ecosystem, Starknet and many others. Rango is designed to be a cross-chain DEX and bridge aggregator, providing a solution for multi-chain wallets looking for cross-chain functionality.
Rango's services are accessible through wallets and Dapps such as TrustWallet, Exodus, Binance Web3 Wallet and Compound. Rango also plans to integrate more trending blockchains to continue improvements in cross-chain trading.
Rango currently supports 60+ blockchains, 70+ DEXs, and 20+ bridges, with a total transaction volume exceeding 3 billion USD. As of June 19, Rango has processed over 2.5 million swaps across 590,000 wallets and is processing over 3,000 cross-chain swaps per day.
Rango processes over 2 million swap quotes daily, ensuring fast response times for users. To expand the number of DeFi users, Rango focuses on improving infrastructure and expanding support for additional chains.
Yi He, Binance Co-Founder and Head of Binance Labs, said: “Rango's service aligns with Binance Labs' goal of supporting cross-chain innovation and development projects.”
Vahid Kaya, Co-Founder of Rango, said: “With the support of Binance Labs, Rango Exchange will be empowered to develop a multi-chain ecosystem, providing support for diverse blockchains, securing swaps Tokens are safe and effective.”
Binance Labs is the venture capital and accelerator arm of Binance, with a value of more than 10 billion USD. Their portfolio includes 250 projects from more than 25 countries on six continents and has a return on investment of over 14 times. Fifty of the Binance Labs portfolio companies have gone through their incubation programs.
Source: https://tapchibitcoin.io/binance-labs-dau-tu-vao-rango-de-tang-cuong-chuc-nang-hoan-doi-chuoi-cheo-va-cau-noi.html