Binance labs Invests in Cross Chain DEX and Bridge Aggregator Rango
Binance Labs has announced a major investment in cross-chain decentralized exchanges (DEX) and bridge aggregator Rango. Led by Binance Labs, it was joined by Nomad Capital and Foresight Ventures.
We’ve invested in @RangoExchange
— Binance Labs Fund (@BinanceLabs) June 19, 2024
Rango is a cross-chain decentralized exchange and bridge aggregator.
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Yi, chairman of Binance Labs and co-founder of Binance, as a testament to Rango's confidence in its capabilities, said, "The Rango service program is in line with Bainance Labs' commitment to support projects that offer off-chain development and products." As Rango continues to reorganize the DeFi space, we look forward to following its journey.
Binance Labs will assist Rongo Exchange in advancing the multi-chain ecosystem," stated Vahid Kaya, co-founder of Rango, in highlighting the benefits of the partnership. Token swapping is always safe and efficient, thanks to our support for multiple blockchains. To further the development of our state-of-the-art cross-chain solutions, we are excited to work with Binance Labs.
Rango is the leading solution within the cross-chain ecosystem, handling more than 3000 organized exchanges between chain networks daily. The firm hopes to handle more than 90% of cross-chain DeFi volume in the future, processing data from all major blockchains in the cryptocurrency space, the post added.
The firm has more than 60 blockchains, 70 DEXes, and more than 20 bridges supported, solidifying its leadership position in the cross-chain ecosystem. Rango supports a wide variety of blockchains, including popular ones like Bitcoin (BTC), EVM chains, Solana, Tron, Cosmos Ecosystem, Starknet, and other UTXOs. Rango aims to maintain its lead in the rapidly changing DeFi landscape by being one of the first to integrate a new protocol, the post added.
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