Aevo operates as a decentralized derivatives exchange specializing in options, perpetuals, and pre-launch trading. Leveraging the Aevo L2 infrastructure, a bespoke Ethereum rollup constructed with the Optimism stack, Aevo achieves remarkable scalability, facilitating over 5,000 transactions per second and processing in excess of $30 billion in trading volume. The platform adopts a hybrid approach, incorporating an off-chain central limit order book for trade matching, coupled with on-chain settlement of trades through Ethereum L2 smart contracts. This hybrid model ensures Aevo delivers a trading experience akin to centralized exchanges, characterized by high performance and low latency, while preserving the security and transparency inherent in decentralized settlement mechanisms. Notably, Aevo is developed by the team behind Ribbon Finance.