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Binance Labs announced a significant investment in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Rango’s platform supports major blockchains like Bitcoin (BTC), Solana, Tron, Cosmos Ecosystem, Starknet, and others. Rango offers a crucial solution for multi-chain wallets with its reliable cross-chain functionality.
A Significant Step for DeFi Expansion
The platform supports over 60 blockchains. Additionally, it covers more than 70 DEXs and over 20 bridges, creating a broad support network. With this extensive support, Rango has processed over $3 billion in transactions and conducted over 2.5 million swaps for 590,000 unique wallets as of June 19. The platform also manages more than 3,000 organic cross-chain swaps daily.
Rango’s services are integrated into well-known wallets and decentralized applications (Dapps) like TrustWallet, Exodus, Binance Web3 Wallet, and Compound, highlighting its accessibility. Rango aims to further develop its platform by including additional trending blockchains and ensuring it remains at the forefront of cross-chain trading innovation.
Statements About the Platform
Binance Co-Founder and Binance Labs President Yi He expressed confidence in Rango’s potential, stating:
“Rango’s service package aligns with Binance Labs’ goal of supporting projects that foster cross-chain development and innovation. We look forward to witnessing Rango’s journey as it continues to shape the DeFi space.”
Rango Co-Founder Vahid Kaya also emphasized the benefits of the partnership with Binance Labs, stating:
“Rango Exchange will be supported by Binance Labs to advance the multi-chain ecosystem. By offering support for different blockchains, we ensure secure and efficient token swaps everywhere. We are excited to work with Binance Labs to further develop our innovative cross-chain solutions.”
