DeFi

DEX Aggregator OpenOcean Now Expands To Optimism

Key Points:

With the addition of Optimism, the cross-chain DEX aggregator OpenOcean now allows users to trade tokens between Optimism and the other chains it supports.
To enable cross-chain transactions, the DEX aggregator has integrated two bridges, Multichain and Celer, as well as thirteen liquidity providers on Optimism.
Increasing integration with multiple blockchains allows OpenOcean to expand its choices to make it easier for users to deal with cross-chain transactions.

Cross-chain DEX aggregator OpenOcean announced it has expanded to Optimism, allowing users to swap tokens between Optimism and other chains supported by the DEX aggregator.

OpenOcean has integrated two bridges, Multichain and Celer, and thirteen liquidity sources on Optimism to provide cross-chain trades. 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.

In addition, the DEX aggregator also announced integration with WOO Network v2 and supercharger vaults on BNBChain, Avalanche, Fantom, and Polygon.

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. Aptos is one of the most recent names added to this list.

The DEX aggregator is the world’s first full aggregation protocol for crypto trading that liquidity sources from DeFi and CeFi, and enables cross-chain swaps.

To find and optimize the best trading alternatives for various crypto assets on various public blockchains, OpenOcean searches across DEXs and CEXs. Once the infrastructure is established, it will permit direct cross-chain transactions in addition to cross-chain swaps between the combined public chains. Users simply need to pay the standard exchange fees and blockchain gas fees for trades, which are assessed by the exchanges and not by the DEX aggregator.

Increasing integration with multiple blockchains allows OpenOcean to expand its choices to make it easier for users to deal with cross-chain transactions.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.