Ethereum

Bitcoin

Aevo

Binance has announced its investment in Aevo, a decentralized derivatives exchange (DEX).
Aevo is an EVM roll-up based on a custom blockchain on the OP Stack. With its type of technical architecture, quicker and faster transactions are gained compared to traditional blockchain. Users have access to continuous trading with futures and options, pre-futures trading, and options all in a single margin account for optimum performance.
However, Aevo employs an order book that operates off-chain with on-chain settlements on the Ethereum network to enhance its scalability. This implies that trading happens off-chain, but the bookings occur on the Ethereum blockchain platform to ensure the deal’s safety. Additionally, Aevo connects to Celestia, a high-throughput blockchain with various solutions for scalability improvements.
Furthermore, Aevo has already been active in the DeFi ecosystem and was earlier recognized by its former name, Ribbon Finance. It has a proven track record of performance, witnessed by having an outstanding derivatives volume of more than $8 billion, a fee of $30 million per year so far, and an estimated 50,000 unique active traders per month.
Aevo hopes to increase its list of services in the future, and so it plans to bring new possibilities into the field. These include vault strategies that help in the creation of yield, staking for the users of Aevo tokens, and open dApp deployment for other developers to deploy directly on Aevo’s L2 to encompass the growing number of users.
This investment of Binance Labs in Aevo shows that they have a lot of confidence in the Layer 2 solution in DeFi.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/05/22/bitcoin-braces-for-impact-as-ethereum-etf-approval-gains-traction/" rel="noopener noreferrer nofollow">Bitcoin Braces for Impact as Ethereum ETF Approval Gains Traction</a>
</blockquote>

Binance Labs Invests in Aevo, a High-Performance L2 DEX

The Crypto Times

2024年5月21日公開の他の記事

Bitcoin ETFs Attract Significant Investments

SOLID Announces Plan to Launch its ICO and a Game to Unveil the Identity of Satoshi Nakamoto

Standard Chartered anticipates spot Ethereum ETFs approval this week

Vitalik Buterin Advocates for Decentralized Protocol for Asset Transfers Across Layer 2 Network

SEC Move Increase ETH ETF Approval Odds As Big Whales Ditch Bitcoin for Ethereum

Farcaster Raises $150M Funding Amid User Growth Soars

ニュースレターを購読して暗号資産の最新情報を毎日入手！