Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, announced that it has invested in Aevo to Support the Future of L2 Blockchain Innovations.
At this point, Binance Labs stated that it has invested in Aevo, a high-performance Layer 2 (L2) built on top of the OP Stack that allows continuous trading, pre-launch futures and options on the same platform.
“Binance Labs invested in Aevo, a high-performance Layer 2 (L2) .
Aevo is a decentralized derivatives clearing platform focusing on options and perpetual contracts.
Year-to-date, Aevo has processed more than $80 billion in derivatives volume and generated more than $30 million in fees with an average of 50 thousand monthly active users (MAUs) on the platform. As part of the future roadmap, Aevo will launch vault strategies, yield products and Aevo staking.”
AEVO price started to rise after the news.
*This is not investment advice.