Aevo Price in India (AEVO)

Aevo is a decentralized exchange (DEX) that operates in the derivatives trading space, which includes options and perpetual futures. Aevo is built on the OP Stack, an open-source framework developed by Optimism for creating Layer 2 rollups. Due to the protocol’s structure, transactions can be processed off-chain at lower cost and high speed. At the same time, security and final settlement are anchored to Ethereum.        

The Aevo protocol’s native token is AEVO. Aevo was a subsidiary company of Ribbon Finance. The Aevo token had its origins in Ribbon Finance’s RBN token.

The founders of Aevo (AEVO) are Julian Koh and Ken Chan. The Aevo protocol was founded in 2022.

• AEVO token: The AEVO token plays a central role in the ecosystem, enabling holders to participate in protocol upgrades by voting. It also supports the protocol’s governance functions. 

• Derivatives-focused Layer-2 platform: One of the pioneering derivatives-focused Layer-2 platforms, Aevo has carved a niche in decentralized derivatives markets.

• Hybrid model: While the protocol processes transactions off-chain, matched trades are brought on-chain for final settlement.

• Anchored to Ethereum: Aevo protocol remains anchored to Ethereum, boosting its credentials for security and final settlement.

Aevo protocol is one of the pioneering derivatives-focused Layer-2 platforms. The network follows a unique model of off-chain speed and on-chain security. The native token, AEVO, facilitates governance functions and enables token holders to vote on protocol upgrades and parameters. 

You can buy AEVO from crypto platforms like CoinSwitch.

• AEVO can be bought and traded on crypto platforms like CoinSwitch. 

• AEVO can be used to pay for trading and transaction fees on the Aevo platform.

• AEVO is the native token on the Aevo protocol.

• Token holders can participate in protocol governance by voting on upgrades and proposals.

• Aevo is one of the earliest Layer-2 platforms focused on derivatives. 

• The protocol combines off-chain speed with on-chain security.

• Aevo protocol was devised to solve issues in decentralized derivatives trading, such as network congestion and high latency.

• AEVO is subject to market volatility like all cryptos.

• The protocol’s marketing infrastructure is weak. 

• Token inflation rate is above average.

• Start investing in AEVO with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

In 2024, Aevo announced a token release and an IEO on Binance and AEVO airdop for early adopters. The protocol conducted an airdrop (retrodrop) for early adopters, which began on April 7, 2023, and ended on March 8, 2024. About 3% of the token supply was allocated for the retrodrop. The Aevo project is backed by investors such as Paradigm, Coinbase, Yzi Labs, and Dragonfly Capital.