Binance Labs invests in Rango, enhancing cross-chain innovation in DeFi with seamless blockchain transactions.
Rango integrates with 60+ blockchains, 70+ DEXs, and 20+ bridges, facilitating 3,000 daily cross-chain swaps.
With over $3B in transactions and 2.5M swaps, Rango drives DeFi growth with smooth cross-chain solutions.
Binance Labs announced an investment in Rango, an emerging cross-chain DEX and bridge aggregator that empowers users to create seamless transactions across blockchain networks with different flavors. With creating a seamless user interface to shift among the several blockchain ecosystems, Rango makes it easy to use any blockchain.
We’ve invested in @RangoExchangeRango is a cross-chain decentralized exchange and bridge aggregator.Read morehttps://t.co/raSXDxU4bM
— Binance Labs Fund (@BinanceLabs) June 19, 2024
Binance Labs Dedication to Cross-Chain Innovation
The investment made by Binance Labs in Rango illustrates great belief in Rango and its abilities to innovate in cross-chain. While the partnership details and investment amount are undisclosed, Binance Labs’ confidence in Rango is evident. This support is crucial for Rango as it meets the growing need for interoperability in DeFi.
Binance Labs highlighted Rango’s framework, supporting various blockchains like Bitcoin, Solana, Cosmos, Tron, Starknet, and others. This establishes Rango as a top cross-chain DEX and bridge aggregator. Moreover, with integration across 60+ blockchains, 70+ DEXes, and 20+ bridges, Rango proves its versatility and wide accessibility in the DeFi realm.
Rango’s Conformity and Integration
Rango’s services are available on well-known wallets and decentralized apps (Dapps) like TrustWallet, Exodus, Binance Web3 Wallet, and Compound. This makes it easier for users to access and use Rango across different platforms, allowing them to swap tokens securely and efficiently across various blockchains.
Since its beginning, Rango has shown steady growth and adoption. With a transaction volume exceeding $3 billion, it has facilitated over 2.5 million swaps for 590,000 unique wallets. Rango does over 3,000 cross-chain swaps daily and ensures that its increasing user base enjoys fast and seamless token exchanges.
Yi He, the co-founder of Binance and head of Binance Labs, spoke optimistically about the partnership. She stated that further, at Binance Labs, they are dedicated to supporting projects driving cross-chain development and innovation. She remarked, “Rango’s suite of services aligns with Binance Labs’ goal of supporting projects that bolster cross-chain development and innovation. We look forward to seeing Rango’s journey as it continues to shape the DeFi space.”
In response to the investment, Vahid Kaya, Co-Founder of Rango, highlighted the significance of collaboration with Binance Labs. Kaya affirmed, “With Binance Labs, Rango Exchange will be supported to propel the multi-chain ecosystem. Offering support for diverse blockchains, we ensure secure and efficient token swaps anywhere. We’re thrilled to work alongside Binance Labs to enhance our innovative cross-chain solutions further.”
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