What is $AEVO? Let's dive deeper.
$AEVO is a decentralized derivatives exchange platform that uses 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, backed by DeFi giant Ribbon Finance.
The platform uses a special collection of EVMs that integrates with Ethereum and manages the off-chain order book with on-chain settlements. This means that once orders are matched, trades are executed and settled using smart contracts. Since 2020, Aevo has processed over $10 billion in options trading volume.
$AEVO is the native currency of the Aevo platform and offers a number of benefits such as access to the Aevo Layer 2 (L2) network, which runs on top of the Aevo L2 network and uses the OP Stack structure. At the time of writing, the total supply of AEVO tokens is 1 billion, and there are 110 million tokens in circulation.
