Binance Labs Supports Rango Exchange to Boost DeFi Adoption Across Multiple Blockchains

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Binance Labs is leading a major investment in Rango Exchange, a decentralized exchange and cross-chain aggregator, aiming to revolutionize the DeFi space by enabling seamless transactions across over 60 different blockchain ecosystems. Rango Exchange, which has already handled transactions amounting to $3 billion and over 2 million swaps, is at the forefront of DeFi innovation with its extensive support for diverse blockchains like Bitcoin, Solana, and Tron. This investment, part of the second funding round alongside other VCs such as Nomad Capital and Foresight Ventures, underscores Rango's potential to dominate cross-chain DeFi volume, aspiring to handle more than 90% of it. Binance Labs sees Rango's technologies as crucial to fostering cross-chain development and supporting the next billion users in the DeFi ecosystem, marking a significant step towards massive DeFi adoption.