### ๐ฅ Binance Labs Invests in New Altcoin, Price Surges! ๐
Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, has announced its investment in Aevo to support future innovations in Layer 2 (L2) blockchain technology.
๐ฌ **Key Announcement:**
"Binance Labs has invested in Aevo, a high-performance Layer 2 (L2) built on the OP Stack, enabling continuous trading, pre-launch futures, and options on a single platform."
### About Aevo:
- **Decentralized Derivatives Clearing**: Focused on options and perpetual contracts.
- **Impressive Metrics**:
- Processed over $80 billion in derivatives volume year-to-date.
- Generated more than $30 million in fees.
- Boasts an average of 50,000 monthly active users (MAUs).
- **Future Roadmap**:
- Launching vault strategies.
- Introducing yield products.
- Implementing Aevo staking.
### Official Statement:
๐ฌ "We've invested in @Aevo. Aevo is a decentralized derivatives exchange platform, focused on options and perpetual contracts."
Stay tuned for more updates on Aevo's development and potential! ๐
