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About Aevo
Analysis of 15 May 2026Aevo is a decentralized derivatives exchange built on a custom Ethereum Layer 2 rollup using the OP Stack, specializing in options, perpetual futures, and pre-launch token trading. Founded by Julian Koh and Ken Chan (both ex-Coinbase engineers), Aevo evolved from Ribbon Finance in 2022 and has processed over $30 billion in derivatives trading volume.
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The platform uses a hybrid architecture combining an off-chain central limit order book (CLOB) with sub-10ms latency and on-chain settlement for security, achieving over 5,000 transactions per second. Backed by Paradigm, Coinbase Ventures, and Dragonfly Capital with $16.6 million raised, Aevo differentiates itself through its options trading capabilities in a market dominated by perpetual-focused competitors like Hyperliquid and dYdX.
