Binance Labs Announces Investment in Aevo Trading Platform
DeFi platform Aevo received funding from Binance Labs.
The venture fund did not disclose the investment amount.
Previously, Binance Labs invested in the BounceBit Bitcoin restaking protocol.
Venture capital organization Binance Labs has invested an undisclosed amount in decentralized trading platform Aevo.
Representatives of the fund said that they directed funding to Aevo to support the development of innovations in the field of L2 protocols:
“Binance Labs has invested in Aevo, a high-performance tier 2 solution. It allows for perpetual trading, futures and options on one platform with a single margin account.”
According to reports, the Aevo platform is built on the OP Stack technology stack. It appeared thanks to the rebranding of the decentralized protocol Ribbon Finance. Previously, the project received investments from leading venture capital funds, including Paradigm, Dragonfly Capital and Coinbase Ventures.
According to Binance Labs, since the beginning of 2024, Aevo derivatives trading volume has amounted to about $80 billion. At the same time, the platform has received about $30 million in commissions. It is also reported that Aevo's monthly active users have reached 50,000.
As part of its future roadmap, Aevo is set to launch staking and several yield products. The statement said the team is working to further expand the ecosystem so that developers can deploy their decentralized applications (dApps) on Aevo L2 and take advantage of the platform's growing user base and unique features.
It is noteworthy that over the past 14 days, the native token of the AEVO project has dropped by more than 30%. The asset reacted with growth to the news of investments and tested $0.95, according to
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Binance Labs Announces Investment in Aevo Trading Platform
21.05.2024
4 min
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Serhii Pantyukh
Author of the article
DeFi platform Aevo received funding from Binance Labs.
The venture fund did not disclose the investment amount.
Previously, Binance Labs invested in the BounceBit Bitcoin restaking protocol.
Venture capital organization Binance Labs has invested an undisclosed amount in decentralized trading platform Aevo.
Representatives of the fund said that they directed funding to Aevo to support the development of innovations in the field of L2 protocols:
“Binance Labs has invested in Aevo, a high-performance tier 2 solution. It allows for perpetual trading, futures and options on one platform with a single margin account.”
According to reports, the Aevo platform is built on the OP Stack technology stack. It appeared thanks to the rebranding of the decentralized protocol Ribbon Finance. Previously, the project received investments from leading venture capital funds, including Paradigm, Dragonfly Capital and Coinbase Ventures.
According to Binance Labs, since the beginning of 2024, Aevo derivatives trading volume has amounted to about $80 billion. At the same time, the platform has received about $30 million in commissions. It is also reported that Aevo's monthly active users have reached 50,000.
As part of its future roadmap, Aevo is set to launch staking and several yield products. The statement said the team is working to further expand the ecosystem so that developers can deploy their decentralized applications (dApps) on Aevo L2, taking advantage of the platform's growing user base and unique features.
It is noteworthy that over the past 14 days, the native token of the AEVO project has dropped by more than 30%. The asset reacted with growth to the news of investments and tested $0.95, according to
Binance Labs is the venture division of the exchange of the same name. At the time of writing, the fund’s valuation exceeded $10 billion. The organization’s investment portfolio includes about 250 projects from more than 25 countries.
We previously reported that Binance #labs invested in the BounceBit Bitcoin re-staking protocol.
