As a seasoned crypto investor with a keen interest in the decentralized finance (DeFi) space, I’m always on the lookout for promising projects that can add value to my portfolio and contribute to the broader ecosystem. The recent investment by Binance Labs in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator, piqued my interest.
Expert: Binance Labs has recently made an investment in Rango, a versatile decentralized exchange (DEX) and bridge aggregator. Noteworthy is that Rango’s platform supports integration of Bitcoin, Solana, Tron, Cosmos, and Starknet. This feature enables users to effortlessly transition between various blockchains, granting enhanced security for cross-chain functionality in wallets.
Rango’s offerings seamlessly connect with top wallets and decentralized applications (Dapps) such as TrustWallet, Exodus, Binance Wallet (Web3), and Compound. This integration enables users to carry out safe and swift token exchanges. With support for over 60 blockchains, more than 70 decentralized exchanges (DEXs), and 20 bridges, Rango handles a significant transaction load, surpassing $3 billion.
Rango has made significant strides, processing approximately 2.5 million exchanges for a total of 590,000 distinct wallets by June 19. On average, Rango facilitates around 3,000 organic cross-chain swaps each day, and manages over 2 million daily swap proposals.
Yi He, Binance’s Co-Founder and Binance Labs’ Head, expressed his support for Rango: “Rango’s offerings align with Binance Labs’ mission to foster projects that advance cross-chain technology and creativity. We are eager to observe Rango’s progress as it contributes to the evolution of Decentralized Finance.”
As a researcher studying the latest developments in the blockchain industry, I’m excited to share that Rango Exchange, co-founded by Vahid Kaya, will be bolstered through our partnership with Binance Labs. Our commitment to supporting multiple blockchains enables secure and streamlined token swaps across various platforms. Working closely with Binance Labs, we look forward to refining and expanding our groundbreaking cross-chain solutions.
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2024-06-20 06:45