Binance Labs, the investment arm of the leading cryptocurrency exchange Binance, has announced a significant investment in Rango, a pioneering cross-chain decentralized exchange (DEX) and bridge aggregator. This collaboration underscores Binance Labs' commitment to fostering cross-chain innovation and interoperability in the decentralized finance (DeFi) sector.

Rango: A Cross-Chain Powerhouse

Rango offers decentralized services across various blockchain ecosystems, including Bitcoin and Solana. The platform's robust interoperability framework supports major blockchains such as Bitcoin, Solana, Cosmos Ecosystem, Tron, Starknet, and more. With integration with over 60 blockchains, 70+ DEXes, and 20+ bridges, Rango positions itself as a leader in the cross-chain DEX and bridge aggregator space.

Transaction Volume and User Base

Rango has demonstrated substantial growth and adoption since its inception, with a transaction volume surpassing $3 billion and facilitating over 2.5 million swaps for 590,000 unique wallets. The platform currently manages over 3,000 organic cross-chain swaps daily, ensuring swift and efficient token exchanges for its expanding user base.

Co-Founder's Remarks

Yi He, co-founder of Binance and Head of Binance Labs, expressed optimism about the partnership, emphasizing the investment arm's commitment to supporting projects that drive cross-chain development and innovation. She noted, "Rango's suite of services aligns with Binance Labs' 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."

Future Plans

Rango aims to expand its infrastructure and integrate additional trending blockchains. The investment by Binance Labs is expected to provide Rango with the resources and expertise necessary to scale operations and cater to the evolving needs of DeFi participants globally.