Aevo Options and Perpetuals Exchange's Record-Breaking Performance in November

Aevo, a Layer 2 options and perpetuals exchange utilizing OP stack, has made significant strides since its inception in 2020. The platform witnessed a surge in trading volume after launching its decentralized options exchange in April 2023.

Transition to Decentralization

In April 2023, Aevo underwent a pivotal transformation, shifting from a permissioned application to a decentralized options exchange as a Layer 2 that utilizes the OP Stack. In May 2023, Aevo also launched its perpetual exchange. To date, Aevo has processed over $10 billion in options trading and $812 million in perpetuals.

A Record-Breaking November

November 2023 marked a significant spike in Aevo's trading activity. The platform facilitated nearly $230 million in options trading and $326 million in perpetuals. The platform also experienced a dramatic increase in unique traders, soaring from 19,400 in October to 47,200 in November.

For an in-depth recap of the November Layer 2 landscape, take a look at a new report from our Research Analyst, Arnold Toh with a trial subscription to The Block Pro.