PANews reported on May 21 that Binance Labs announced its investment in Aevo, a high-performance Layer 2 (L2) platform built on OP Stack that supports perpetual contracts, pre-launch futures and options trading, and uses a single margin account on the same platform. Aevo is a decentralized derivatives trading platform that focuses on options and perpetual contracts. Its technical architecture acts as an off-chain order book, performs on-chain settlement on Ethereum, and uses Celestia as a high-throughput data availability layer to improve scalability.
Backed by Paradigm, Dragonfly, and Coinbase Ventures, Aevo is a rebrand of the previous DeFi options protocol Ribbon Finance and voted in Ribbon Finance's RGP-33 governance proposal. So far this year, Aevo has exceeded $80 billion in derivatives trading volume, generated more than $30 million in fees, and averaged 50,000 monthly active users (MAU) on the platform. As part of the future roadmap, Aevo will launch treasury strategies, yield products, and Aevo staking. It will allow developers to deploy their dApps on Aevo L2 without permission.
