As part of its ecosystem expansion, leading DeFi and CeFi aggregator OpenOcean has announced the integration of Fantom, an open source smart contract platform for decentralized applications (dApps), to provide users with better trading opportunities.
OpenOcean integrates Fantom
According to the announcement, the initiative will also see OpenOcean connect with other decentralized exchanges based on Fantom, including SushiSwap, SpiritSwap, SpookySwap, and Curve.
Like all other assemblies, the move to add Fantom to the growing list of OpenOcean networks has been driven by user demand and inquiries in Fantom-based cryptocurrencies, the project said.
While praising the OpenOcean community for throwing their weight in support of Fantom, OpenOcean co-founder Cindy Ng said:
“Fantom is an exciting and scalable blockchain platform that has already spawned some of the most popular DEXes out there. For this reason, pooling OpenOcean and Fantom was a necessary step to take. We look forward to providing more trading options at the best prices.”
Traders can take advantage of the best prices for Fantom-based assets via the upcoming Atlantic version of OpenOcean, which is set to launch later this month.
Important milestones in one year
Although OpenOcean was launched in the last year, it has recorded significant growth across all quarters, particularly in the number of its active addresses, the volume of transactions processed, as well as the number of supported networks and exchanges.
With the latest developments, Fantom becomes the 10th network to be added to OpenOcean, as the DeFi and CeFi aggregator continues to search for the best rates and trading opportunities for its growing customer base.
Some of the supported networks include Binance Smart Chain, Polygon, Ethereum, and Arbitrum, among others.
in August, Potato encryption She mentioned the addition of Avalanche to the OpenOcean pool, as part of efforts to boost liquidity and offer better pricing to customers.
Not only has OpenOcean integrated 10 different networks since its launch in September 2020, but the DeFi aggregator has so far connected over 45 decentralized and centralized exchanges.
The number of active addresses on OpenOcean has continued to increase since the platform debuted last year, with more than 300,000 active unique addresses registered to date.
The platform has also processed more than 270,000 transactions, worth $2.1 billion since its launch.
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