DeFi and CeFi Full Aggregator OpenOcean Integrates Avalanche to Expand Liquidity and Optimize Trading

30 Aug, 2021

By chainwire

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Road Town, BVI, 30th August, 2021, Chainwire

OpenOcean, the world’s leading DeFi and CeFi full aggregator, is excited to announce that it is now live on Avalanche, a highly scalable and open-source platform for launching DeFi applications and multi-functional blockchains.

The Avalanche integration enables OpenOcean users to take advantage of best prices with low slippage when swapping different assets. OpenOcean users also get access to liquidity on Avalanche DEXs such as Pangolin and Trader Joe.

The additional liquidity will further help reduce trading costs for users because OpenOcean’s intelligent routing system will have more options to choose from.

Since its launch in September 2020, OpenOcean has processed more than 970,000 transactions worth $2.1 billion USDT in cumulative transaction volume. It boasts more than 270,000 active unique addresses.

Commenting on the Avalanche integration, OpenOcean co-founder Cindy said: “After over 10,000 of our OpenOcean community voted for an Avalanche aggregation, we listened. Given Avalanche’s highly-esteemed reputation within DeFi circles and high-quality protocol, this integration was a no-brainer for OpenOcean. The Avalanche protocol and community stay true to the core values of DeFi. This partnership can help fulfill our vision to integrate DeFi’s most useful and most secured ecosystems.”

Avalanche is one of the fastest growing blockchain ecosystems with more than 225 projects built on the platform, including Chainlink, SushiSwap, Circle, and The Graph.

Avalanche launched the Avalanche Bridge (AB) last week, enabling users to transfer select ERC-20 tokens between Avalanche and Ethereum. OpenOcean supports the Avalanche Bridge, and allows its users to trade Avalanche’s native token AVAX at the best possible price.

In the coming weeks, OpenOcean plans to release cross-chain aggregations that help users swap and transfer assets across Avalanche and Ethereum at the best price with low slippage via the Avalanche Bridge.

About OpenOcean

OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across public chains including Ethereum & Layer 2, Binance Smart Chain, Avalanche, Polygon, Solana, HECO, TRON, Ontology, and CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, and aggregate more DeFi & CeFi products and launch intelligent management services.

For more information, please visit: https://blog.openocean.finance/

Stay tuned: Website | Twitter | Discord | Telegram | Telegram Announcements

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.

Contacts

Cindy
[email protected]

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.