Crypto News

The DEX aggregator OpenOcean enables cross-chain swaps across large networks

The DEX aggregator OpenOcean enables cross-chain swaps across large networks

#DEX #aggregator #OpenOcean #enables #crosschain #swaps #large #networks Welcome to InNewCL, here is the new story we have for you today:

Click Me To View Restricted Videos

Decentralized exchange (DEX) aggregator OpenOcean has announced the launch of its new interoperable “all-in-one” cross-chain swap platform, allowing users to swap assets between Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Replace and bridge Fantom.

We just launched our 1-click cross-chain swap+aggregator!

Get the best cross chain swap rates, live now @Ether, @BNBCHAIN, @0xpolygon, @Arbitrum, @avalancheavax & @FantomFDN.

Dive in now

More information:

— OpenOcean – A Leading Web3 DEX Aggregator (@OpenOceanGlobal) December 20, 2022

According to OpenOcean, it has integrated Celer Bridge and the Multichain Bridge into its platform to offer users competitive tariffs across the supported chains.

Supporting over 1,100 coins across multiple chains, the DEX aggregator seeks to offer competitive cross-chain swap yields based on various calculations including price structure, gas fees, slippage and various optimized trade routes.

DEX aggregators are vital to the cryptocurrency ecosystem as they allow users to share and bridge assets across multiple blockchain networks, allowing for greater flexibility and interoperability within the space.

Related: As DEXs struggle, new approaches bring hope

DEX aggregators also provide users with access to a broader range of assets that may not be available on a single DEX or blockchain network. They also offer more liquidity by aggregating liquidity from multiple DEXs and blockchain networks, making it easier to buy and sell assets. Overall, DEX aggregators try to offer users the benefits of a decentralized exchange while providing a more convenient and user-friendly experience.

On Nov. 18, Cointelegraph reported that DeFi platforms continued to make gains following the collapse of FTX, due in part to the mass exodus from centralized exchanges.

After the FTX implosion, DeFi protocols and DEX platforms gained momentum. A report by Delphi Digital suggested that DEX platforms saw a 24% surge in volume following the collapse of FTX.

Click Here To Continue Reading From Source

Related Articles

Back to top button