June 19, 2024
Rango, A Cross-Chain DEX And Bridge Aggregator, has successfully completed a new round of investment led by Binance Labs, with participation from Nomad Capital and Foresight Ventures.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Rango Exchange | June 19, 2024 | Strategic | Binance Labs | FinTech, DeFi |
Rango has established itself as a leader in the cross-chain ecosystem by supporting over 60 blockchains, more than 70 DEXes, and more than 20 bridges. It has achieved a total transaction volume surpassing $3 billion and facilitated over 2.5 million swaps for 590,000 unique wallets. By managing more than 3,000 organic cross-chain swaps daily, Rango distinguishes itself as the go-to solution in the cross-chain ecosystem. Rango's goal is to handle over 90% of the cross-chain DeFi volume, covering all major blockchains in the cryptocurrency market.
As Rango keeps growing, its main goal is to improve its infrastructure, extend its support to more chains, and bring the next billion users into the realm of DeFi. By regularly being one of the first platforms to incorporate new protocols, Rango ensures it remains at the forefront of the fast-changing DeFi environment.
About Rango Exchange
Rango handles over 2 million swap quotes daily, providing ultra-fast response times to a potential user base of 200 million. This efficiency is at the heart of Rango's goal to strengthen its infrastructure, extend support to more chains, and ease the integration of the next billion users into the DeFi world.
Rango's wide-ranging blockchain support encompasses major networks like Bitcoin (BTC), EVM chains, Solana, Tron, Cosmos Ecosystem, Starknet, and other UTXOs. This extensive support guarantees unmatched interoperability, enabling users to conduct transactions seamlessly across various blockchain ecosystems. Rango's all-encompassing strategy not only propels DeFi adoption but also positions it as an essential tool for multi-chain wallets seeking dependable cross-chain capabilities.
Website: https://rango.exchange/
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About Investor
Investor: Binance Labs
Binance Labs is the venture capital and incubator arm of Binance, a leading cryptocurrency exchange. With a portfolio worth over $10 billion, Binance Labs is dedicated to identifying, investing in, and empowering viable blockchain entrepreneurs, startups, and communities. It provides financing to industry projects that help grow the wider blockchain ecosystem.
Binance Labs is committed to supporting fast-executing, technical teams who positively impact the crypto space and build the decentralized web. Its portfolio covers 250 projects from over 25 countries across six continents and has a return-on-investment rate of over 14X2. Fifty of Binance Labs’ portfolio companies are projects that have gone through their incubation programs.
The mission of Binance Labs is to empower the decentralized web. It promotes a larger blockchain and provides financial leverage for potential projects in the cryptocurrency industry. Through its investments and support, Binance Labs is playing a crucial role in accelerating the blockchain industry.
Location: Hong Kong, Hong Kong
Website: https://labs.binance.com/
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