According to Techub News, Binance Labs announced its investment in Aevo, a high-performance L2 built on OP Stack that allows perpetual trading, pre-release futures and options on the same platform with a single margin account.

The technical architecture operates as an off-chain order book with on-chain settlement on Ethereum and uses Celestia as a high-throughput DA layer for 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. In the next phase of growth, the various DAO committees will launch new initiatives for incentives, token liquidity, and community development to attract more users and liquidity to the platform.

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 its future roadmap, Aevo will launch treasury strategies, yield products, and Aevo staking. It will allow developers to deploy their dApps on Aevo L2 permissionlessly to leverage its growing user base and unique features, thereby expanding its derivatives ecosystem.