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Aevo rallies 9% after Binance Labs investment

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Aevo posted a 9% gain on Tuesday after Binance Labs announced that it has invested in the decentralized derivatives platform to pave the way for further advancement on its Layer 2 blockchain.

Binance Labs announced its recent investment in Aevo, maximizing its derivatives platform. Aevo is a decentralized derivatives trading platform built on its own L2 blockchain that utilizes the Optimism stack.

price could bottom out here as team, backers announce plan to voluntarily re-lock nearly 15% of supply Aevo could be set for growth after Binance Labs' investment Binance Labs, the venture capital and investment branch of cryptocurrency giant Binance, announced on its social media handle that it recently invested in Aevo to help maximize its derivatives platform.

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