Binance Labs, the venture capital arm of the world’s largest crypto exchange Binance, on Tuesday unveiled investment in high-performance Layer 2 decentralized exchange Aevo. As a result, AEVO price skyrocketed over 10% in the last 24 hours, with a major boost in price and trading volumes coming after the announcement.
Binance Labs Reveals Investment in Crypto Derivatives DEX Aevo
In an official blog on May 21, Binance Labs said it has invested in Aevo, a crypto derivatives decentralized exchange (DEX) built on the OP Stack.
It offers perpetual trading, pre-launch futures, and options through a single margin account. Aevo on-chain settlement happens on Ethereum and uses Celestia as a high-throughput DA layer for scalability. Aevo is a rebrand of Ribbon Finance and is backed by crypto leaders such as Paradigm, Dragonfly, Pantera Capital, and Coinbase Ventures.
DAO committees will roll out initiatives for incentives, token liquidity, and community growth to bring more users and liquidit
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