Rango, a renowned decentralized exchange (DEX), has secured funding from Binance Labs, the investment arm of Binance. This move indicates Binance Labs’ commitment to promoting cross-chain innovation, although the details of the transaction have not been disclosed.
This allows trading across more than 60 blockchains, 70 DEXs, and 20 bridges, including Bitcoin, Solana, Cosmos, Tron, and Polkadot. Rango has processed over $300 million in transactions, involving over 590,000 unique wallets and more than 30,000 swaps, including wallets such as TrustWallet, Exodus, Binance Web3,000 Wallet, and Compound. The daily trading volume exceeds X times for cross-chain exchanges.
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He Yi, one of the co-founders of Binance and head of Binance Labs, stated that this move aligns with the purpose of Binance Labs in promoting cross-chain innovation. Vahid Kaya, co-founder of Rango, expressed his enthusiasm for how this collaboration will enhance interoperability across multiple chains.
Rango intends to expand its infrastructure and integrate with other popular blockchains while utilizing the support of Binance Labs to further expand its business operations while maintaining DeFi innovation.
