Binance Labs, the venture capital and incubation arm of the world's largest cryptocurrency exchange, continues to invest in Web3 technologies. As a @DAO Labs social miner, I analyzed @Binance Labs ' investment portfolio tested the implementation of its latest investment #RangoExchange and gave my opinion on the project. So what does this investment mean for the evolution of cross-chain technologies and decentralized finance (DeFi)? Let's take a look at all the details together.
Part 1: Binance Labs Portfolio Analysis: Value-Creating Investments in the Crypto World
With a focus on fostering growth in the blockchain industry, Binance Labs has always proven to be effective in supporting and investing in promising cryptocurrency projects.
Key Stats:
The portfolio covers more than 250 projects from more than 25 countries around the world,
The impressive average return on investment of 14x,
50% of these projects have gone through comprehensive incubation programs.
Binance Labs' Return on Investment (ROI) Comparison
When we look at Binance Labs' portfolio in general, we see that it consists of projects with excellent returns. Especially when Retail ROI is considered, projects such as MATIC, AXS, EGLD, SAND, ARKM, LISTA, ID, GMT, EDU, and CTSI stand out with their very high ROI.
This chart also shows that the 2019-2022 period launches (other than Arkham, Lista DAO, ID, and EDU) have shown higher investment performance... I think the overall uptrend of the market in this period and Binance's strong ecosystem also had a big impact.
Comparing All-Time Highs (ATH) of Projects in Binance Labs' Portfolio
Until early 2022, the projects in the portfolio showed a generally positive outlook. However, the Binance Labs portfolio seems to have been negatively affected by the deterioration of the overall cryptocurrency market conditions in late 2022 and 2023 to the present.
Taking a long-term view, Binance Labs has a successful portfolio. While many projects are well below ATH levels, they still have significant volume and valuations (GMT, ALICE, ALPHA, FINE, HIGH, ONE, etc.).
Fluctuations in the Value of Coins in Binance Labs' Portfolio
Binance Labs usually invests in quality early-stage projects. The chart below shows the price fluctuations of 10 of these projects over the years.
Given the market volatility over the last five years, it may make sense to follow the projects in Binance Labs' portfolio. In the short term, I think the projects in the portfolio will react to market conditions, but in the long term, quality projects will always be at the forefront.
Part 2: Rango Exchange: Cross-Chain Solutions for a Decentralized Future
Binance Labs' investment in #Rango Exchange represents a pivotal moment in the evolution of decentralized finance (DeFi). As a cross-chain decentralized exchange (DEX) and bridge aggregator, Rango is the most important solution in the cross-chain ecosystem. Rango aims to process more than 90% of the cross-chain DeFi volume in the future, covering all major blockchains in the crypto market.
Why Rango is Important to Binance Labs
Interoperability: Rango's cross-chain capabilities address the growing need for seamless interaction between different blockchain networks
Web3 Adoption: Rango accelerates Web3 adoption by simplifying cross-chain transactions, making DeFi accessible to a wider audience.
Strategic Alignment: This investment strengthens Binance's commitment to the multi-chain ecosystem, positioning it as a leader in cross-chain innovation.
Improved DeFi Accessibility: Rango's integration with popular wallets and dApps enables the expansion of access to DeFi services to millions of users.
Part 3: Rango User Guide: Step-by-Step Process Bridging and User Experience
Rango's user-friendly interface and extensive blockchain support make it an ideal platform for both new and experienced users. Let's take a closer look at how to use Rango.
Especially for new users, I have prepared an infographic with screenshots of how to use the platform. If you follow the steps in this infographic, you will be able to complete your first transactions on the platform much faster and smoother. Now, I would like to share my insights from the testing phase.
When we open the application from the link https://app.rango.exchange/, a simple and familiar interface welcomes us. As an experienced user, I had no difficulty in figuring out where to set slippage settings, how to connect the wallet, and where to select the network and tokens for swaps and bridging.
When I tested the swap, the listing of options in the Routes window was quite detailed for a user like me who always prefers to do low-cost operations and put speed on the back burner. Inevitably, I felt the need to examine the list until the end and still selected the recommended option and started the process. But then I realized that there were options in the upper right part of the window and the suggestions would be listed according to my preference. I proceeded with these preferences in my next process.
Maybe it was just me because I was using the Metamask wallet during this test, but the metamask window stuck on every confirmation screen. Especially the transaction limit and the confirmation window after it did not open automatically. Since I saw a warning on the metamask application, I opened the window myself and confirmed. By the way, both my browser and Metamask versions are up to date.
Despite these minor glitches, my Linea to Avalanche bridging process went smoothly and quickly. I did the same with an Ethereum to Arbitrum swap, and it was much faster with a fraction of the estimated transaction time and cost. I'll also give you another little tip. After connecting your wallet to the application, if you examine your wallet details on the top right of the screen, you will be done with the problem of "Which token from which network can I swap". I like this feature and I'm sure it will save time for all users.
In conclusion; Rango, strengthened by Binance Labs' investment, seems to have the potential to make life easier for users in the multi-chain finance world and unlock the potential of DeFi. As a user, I can personally say that I will be doing more transactions on Rango from now on.
Sources:
CryptoRank
CoinMarketCap
Rango Exchange Updates
