On June 19, 2024, Binance Labs, the venture capital arm of Binance, announced its investment in the cross-chain decentralized exchange (DEX) "Rango."
Rango is a decentralized exchange (DEX) that supports multiple blockchains. It functions as an aggregator, offering the best route for exchanging one cryptocurrency for another among various services.
This investment aims to promote the growth of decentralized finance (DeFi). With Rango's interoperability, it will be easier to trade tokens across different blockchain ecosystems.
As of the time of writing, Rango supports over 60 blockchains, more than 70 DEXs, and over 20 bridges. The platform handles a total trading volume of over $3 billion, processing over 3,000 cross-chain swaps daily.
Rango supports major blockchains, including BTC, Solana, Tron, the Cosmos Ecosystem, and Starknet. Supporting Rango is expected to accelerate the growth of DeFi.
>> For the latest news related to DeFi, stay tuned
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