AEVO cryptocurrency rose 10% to $0.9 after Binance Labs announced its investment in the Aevo protocol.

Aevo is a decentralized crypto derivatives trading platform built on its own Ethereum layer-2 network.

Despite the rise, AEVO's price is still 70% lower than it was in March, when trading began at $3.

Binance Labs does not disclose the size of the investment and the method of acquiring the stake.