What exactly is $AEVO? Let’s take a deep dive.
$AEVO is a decentralized derivatives exchange platform that leverages blockchain technology to provide a secure and efficient trading environment. It combines the flexibility of traditional options trading with the transparency of blockchain-based finance.
Launched in 2022, Aevo aims to become the market leader in blockchain-based options trading with the support of DeFi giant Ribbon Finance.
The platform uses a custom EVM roll-up that rolls up to Ethereum and operates an off-chain orderbook with on-chain settlements. This means that once orders are matched, trades get executed and settled with smart contracts. Aevo has processed over $10 billion in options trading volume since 2020.
$AEVO is the native currency of the Aevo platform and it offers several benefits, such as access to the Aevo Layer 2 (L2) network, which is powered by the Aevo L2 network and utilizes the OP Stack framework. At the time of writing, the total supply of AEVO tokens is 1 billion, with a circulating supply of 110 million tokens.
Launching on Binance tomorrow, this is one to keep your eye on.
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