DEX Aggregator OpenOcean Adds Support For Aptos

Key Points:

• Cross-chain DEX aggregator OpenOcean announced it has expanded to Aptos and has integrated with 12 Aptos-based protocols as liquidity sources, including Pontem, PancakeSwap, Ditto, and others.
• Earlier, the DEX announced the launch of a new cross-chain platform that enables users to connect and exchange assets on Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, and Fantom. This platform can interact more diversely with different blockchains.
• Through OpenOcean’s recently released cross-chain offering, users will be able to swap and connect assets on more blockchains.

Pontem, PancakeSwap, Ditto, and other Aptos-based protocols have been merged with the cross-chain DEX aggregator OpenOcean as liquidity sources.

Additionally, Pontem Wallet, Martian, and Petra are three Aptos-based wallets that have been connected with OpenOcean. Within these wallets, users can use OpenOcean swaps.

Earlier, it announced the implementation of a new cross-chain platform that can interact more diversely with various blockchains, allowing users to swap and connect assets on Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Fantom.

Users will be able to swap and connect assets on more blockchains through OpenOcean’s newly launched cross-chain product.

Additionally, the DEX says it has further integrated Celer Bridge and Multichain Bridge into its platform to offer users competitive pricing on supported chains. It currently supports over 1,100 cryptocurrencies, seeking to deliver competitive cross-chain swap returns based on various calculations, including price structure, gas fees, slippage, and optimized trading routes.

Liquidity aggregators are important to the crypto ecosystem at large as they allow users to exchange and connect assets across multiple networks,
enhance the ability to trade more flexibly, and better interact in the market. Additionally, they also provide users with access to a wider range of assets than is available on a DEX.

Despite being known as a very potential candidate, emerging in the growth cycle in 2021, it received the most attention from the community through token airdrop rounds with great value and quality backers. However, like many other platforms, OpenOcean has had a recession after the heavy downturn of the general market in 2022.

Now with the launch of the new cross-chain platform, combined with the wave of DeFi resurgence when user confidence in CEXs was shaken after the FTX crisis, OpenOcean seems to be working hard to get back on track.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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