tl;dr
Binance Labs has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Rango aims to facilitate secure and efficient token swaps across multiple blockchains to drive growth in the DeFi sector. With over $3 billion in transaction volume, Rango operates on major blockcha...
Binance Labs has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator, aiming to facilitate secure and efficient token swaps across multiple blockchains to drive growth in the DeFi sector. Rango operates on major blockchains, supports various wallets and decentralized applications, and has already processed over 2.5 million swaps for 590,000 unique wallets.
The investment will be utilized to enhance infrastructure and expand support for additional chains. Additionally, Binance Labs has partnered with BNB Chain to launch the Incubation Alliance, which aims to nurture blockchain talent through an accelerator program. This partnership underscores Binance’s commitment to developing blockchain talent and driving innovation in the industry.
By teaming up with BNB Chain and investing in Rango, Binance Labs is focused on boosting cross-chain solutions and fostering the growth of decentralized finance (DeFi) through innovative and secure platforms, ultimately propelling the multi-chain ecosystem forward.
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