Binance Labs is joining forces with Rango to offer users a superior experience when it comes to cross-chain swaps and bridging capabilities.

The investment arm of Binance, a prominent player in the cryptocurrency exchange market, focuses on venture capital investments. Binance Labs , unveiled its recent investment in Rango Rango serves as an innovative routing and aggregation protocol that simplifies both cross-chain and on-chain swaps by effectively merging the functionalities of bridges and decentralized exchanges (DEXs). Operating as an additional layer across various DEXs and bridges, it aims to make token exchanges seamless and efficient across multiple blockchain networks.

The Rango platform currently supports a diverse array of over 60 blockchains, integrates with 100 different DEXs, and connects 22 bridges, all while providing a friendly user interface. It can handle major blockchain ecosystems including EVM, Cosmos, Solana, and UTXO blockchains, with ambitions to incorporate Near, Polkadot, Cardano, and more in the near future. Users can access its services through popular cryptocurrency wallets and decentralized applications (DApps) like TrustWallet and Exodus.

With a staggering cumulative transaction volume exceeding $3 billion, as of June 19, Rango has successfully facilitated more than 2.5 million swaps, involving 590,000 unique wallets. On a daily basis, the platform averages over 3,000 organic cross-chain swaps along with 2 million daily swap requests, focusing on rapid response times to ensure satisfaction within its growing user base. Binance Web3 Wallet , and Compound.

Rango is positioned as a leading cross-chain decentralized exchange and bridge aggregator.

Binance Labs actively seeks out, invests in, and nurtures up-and-coming blockchain entrepreneurs, startups, and communities. They provide crucial funding to projects that further the evolution of the blockchain ecosystem, with a particular focus on innovative teams that play a vital role in enhancing the crypto landscape and the decentralized web.

The venture capital firm has witnessed remarkable growth, boasting a portfolio that now exceeds $10 billion. To date, they've invested in 250 projects across more than 25 countries and six continents, all while amassing an impressive return on investment that exceeds 14 times their initial input.

In a recent turn of events, Binance Labs extended its support to

, a cutting-edge zero-knowledge rollup solution that features AI-enhanced sequencer-level security, and Zircuit , an integrated blockchain network, as part of a series of significant investments. Movement Labs , it's crucial to understand that the information presented on this page is not legal, tax, investment, financial, or any other type of advice. It's essential to only invest what you can afford to lose and consult independent financial advice if needed. For additional details, we recommend reviewing the terms, conditions, and support resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering precise and impartial reporting, but please be aware that market conditions can change unexpectedly.