Key Points:
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.
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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