Aevo Price Soars Over 10% As Binance Discloses Key Investment, Is $1 Next?

coingapePublicado a 2024-05-21Actualizado a 2024-05-21

Resumen

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 liquidity to the platform. Aevo also plans to launch vault strategies, yield products, and Aevo staking in the future. In addition, it will allow permissionless dApps deployment on Aevo L2 to leverage its growing user base and unique features.

“Year-to-date, Aevo has done more than $80 billion in derivatives volume and generated over $30m in fees with an average of around 50,000 monthly active users (MAU) on the platform,” said Binance Labs.

Aevo Price Jumps 10%

Traders reacted immediately to the announcement and Aevo price jumped 10% in the past 24 hours. The price is currently trading at $0.897, with a 24-hour low and high of $0.8203 and $0.935, respectively. Furthermore, the trading volume has increased by 150% in the last 24 hours, indicating a rise in interest among traders.

Total AEVO futures open interest jumped more than 7% in last 4 hours, with a further rise in trading in the past hour. Aevo futures OI climbed nearly 14% on crypto exchange Binance in the last four hours. Traders are almost balanced on both the sell and buy sides, suggesting possibilities of pullback.

However, Aevo token unlock event has finished and whales are likely to buy it once again. It will further push AEVO price upwards.

Also Read: Ripple SEC Lawsuit: SEC Opposes Sealing Details, “Ripple Will Largely Lose the Motion”

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About author
Disclaimer

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Cómo comprar AEVO

¡Bienvenido a HTX.com! Hemos hecho que comprar AEVO (AEVO) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar AEVO (AEVO) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu AEVO (AEVO)Después de comprar tu AEVO (AEVO), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear AEVO (AEVO)Tradear fácilmente con AEVO (AEVO) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

119 Vistas totalesPublicado en 2024.12.11Actualizado en 2026.06.02

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Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de AEVO (AEVO).