Binance Invested in a New Project: Here are the Details!

Blockchain technology has the potential to transform many different sectors, from financial systems to supply chains. In order to fully utilize this potential, it is necessary to be able to process and interact seamlessly between different blockchains. At this point, decentralized exchanges (DEXs) and bridge aggregators come into play. Rango DEX and bridge aggregator platform, which has stood out in this field recently, is getting stronger with the investment of Binance Labs and is preparing to start a new era in the blockchain world.

Binance made its new investment

As blockchain technology continues to develop rapidly, it becomes increasingly important for applications (dApps) built on different chains to communicate with each other. Cross-chain DEXs and bridge aggregators come into play at this point, allowing users to transfer their assets safely and quickly between different chains and interact with applications on different chains. In this context, Rango DEX and bridge aggregator platform, which has recently made a name for itself in the cryptocurrency markets, is gaining strength with the investment of Binance Labs.

Rango offers a decentralized exchange (DEX) and bridge aggregator service, allowing users to make transactions seamlessly between different blockchains. The platform, which supports leading blockchains such as Bitcoin (BTC), Solana, Tron, Cosmos ecosystem and Starknet, finds the most suitable swap rates through various DEXs, bridges and interchain protocols with its smart routing system. In this way, users can exchange their assets at the most affordable prices, reduce process losses (slippage) and increase process efficiency.

Rango supports a wide range of hyperlinks

Rango, which is expected to become even stronger with the investment of Binance Labs, currently supports more than 60 blockchains, more than 70 DEXs and more than 20 bridges. With a total transaction volume exceeding $3 billion, the platform has processed more than 2.5 million exchange transactions for more than 590,000 unique wallets to date. The number of daily organic cross-chain exchanges exceeds 3,000, underlining the active use of the platform. Rango, which provides more than 2 million daily exchange offers to provide fast response times to its rapidly growing audience, focuses on strengthening its infrastructure and supporting new chains to attract the next billion DeFi users. Yi He, one of the co-founders of Binance and President of Binance Labs, said the following about the investment:

Rango’s services align with Binance Labs’ aim to invest in projects that support cross-chain development and innovation. We’re excited to see Rango’s journey as he continues to shape the DeFi space.

Rango founder also shared his comments

Vahid Kaya, one of the founding partners of Rango, emphasized the value of cooperation with Binance Labs and said:

Along with Binance Labs, Rango DEX will be supported to advance the multi-chain ecosystem. By relying on different blockchains, we ensure safe and efficient token exchanges everywhere. We are excited to work with Binance Labs to further develop our innovative cross-chain solutions.