Binance Labs, the venture capital and incubation arm of Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator.
Rango’s interoperability enables easy transacting “across diverse blockchain ecosystems to drive DeFi growth.”
With its expansive capabilities and support for major blockchains including BTC, Solana, Tron, Cosmos Ecosystem, Starknet, and others, Rango is set to serve as a “cross-chain DEX and bridge aggregator and a solution for multi-chain wallets seeking reliable cross-chain functionality.”
Positioning itself as a key player in the space, Rango’s services are “accessible through prominent wallets and Dapps like TrustWallet, Exodus, Binance Web3 Wallet, and Compound. Additionally, it aims to integrate other trending blockchains to ensure that it remains at the forefront of cross-chain trading innovation.”
Rango currently supports “over 60 blockchains, 70+ DEXes, and 20+ bridges, boasting a total transaction volume that exceeds $3 billion.”
As of June 19, it has processed over 2.5 million swaps “for 590,000 unique wallets and is handling over 3,000 organic cross-chain swaps daily.”
As Rango handles over 2 million daily swap quotes, it ensures swift response times “for its growing user base.”
To usher in the next billion DeFi users, Rango is focused on “enhancing its infrastructure and extending support for additional chains.”
Yi He, Co-Founder of Binance and Head of Binance Labs said:
“Rango’s suite of services aligns with Binance Lab’s 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.”
Vahid Kaya, Co-Founder of Rango said:
“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 further enhance our innovative cross-chain solutions.”
As noted in the update, Rango Exchange is the “cross-chain DEX and bridge aggregator that connects users to the best trading rates across multiple protocols and blockchains. By aggregating liquidity from various sources, Rango ensures that users get optimal prices for their trades, reducing slippage and improving efficiency.”
The platform supports a wide range of tokens and provides “a unified API and a user-friendly interface for a seamless trading experience.”
As the venture capital arm and accelerator of Binance, Binance Labs has “now grown to be worth over $10 billion.”
Its portfolio covers 250 projects “from over 25 countries across six continents and has a return on investment rate of over 14X.”
Fifty of Binance Labs’ portfolio companies are projects “that have gone through our incubation programs.”
