Key Points
- Binance invested in Rango cross-chain DEX and bridge aggregator.
- The move aims to support DeFi growth.
According to the latest reports, Binance Labs, the venture capital incubation arm of Binance, invested in Rango, a cross-chain decentralized exchange and bridge aggregator.
Rango’s interoperability allows easy transacting across various blockchain ecosystems to drive DeFi growth.
With its expansive capabilities and support for major blockchains including Bitcoin, Solana, Tron, Cosmos, Ecosystem, Starknet, and more, Rango aims to be a leading cross-chain DEX and bridge aggregator.
It also strives to become a solution for multi-chain wallets seeking reliable cross-chain functionality, according to the same announcement.
Rango’s services are accessible via prominent wallets and Dapps such as Trust Wallet, Exodus, Binance Web3 Wallet, and Compound.
Also, it aims to integrate other trending blockchains in order to make sure that it remains ahead in the cross-chain trading innovation.
Rango ensures swift response for a growing user base
Binance also noted that Rango currently supports more than 60 blockchains, 70 DEXes, and over 20 bridges, boasting a total transaction volume that exceeds $3 billion.
According to the official reports, as of June 19, it has processed more than 2.5 million swaps for 590,000 unique wallets and it’s also handing over 3,000 organic cross-chain swaps on a daily basis.
Rango handles more than 2 million daily swap quotes, and it makes sure to deliver optimal response times for its growing user base.
Rango aims to enhance its infrastructure and extend support for more chains, to bring in the next billion DeFi users.
Yi He, Binance Co-Founder and Head of Binance Labs said that Rango‘s services are aligned with Binance Lab’s goal to support new projects that boost cross-chain development and innovation.
Vahid Kaya, Rango Co-Founder, said that together with Binance Labs, Rango Exchange will be supported to propel the multi-chain ecosystem. It will provide support for various blockchains while ensuring secure and effective token swaps anywhere.
Binance Labs has now grown to be worth more than $10 billion and it has a portfolio that covers more than 250 projects from over 25 countries across six continents.
