Road Town, British Virgin Islands, December 8, 2021,
Open ocean, the world’s first comprehensive DeFi and CeFi aggregation protocol, is delighted to announce the success of Arbitrum’s aggregation as well as its core decentralized exchanges – UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse and Swapr. It will allow OpenOcean users to trade with maximum return on multiple Ethereum Layer-2 constructs.
“On the one hand, we know our users are trading on Ethereum and have asked us to aggregate more Layer 2 solutions to access cost-effective and fast trading while staying in the Ethereum ecosystem. On the flip side, we also know that some of our users have been hesitant or directly reluctant to trade Ethereum due to the cost. With Arbitrum aggregation, we mash two potatoes with one fork and our users can trade in the trading universe with one-stop-shop on OpenOcean, “said Cindy Wu, co-founder of OpenOcean
Arbitrum, a Layer 2 scaling solution on top of Ethereum, recently gained serious engagement from major players and a rapid increase in Total Locked Value (TVL). The network is developed with optimistic roll-up technology that executes transactions on Layer 2 and submits data to Layer 1. Its DeFi experience is the same as that of Layer-1, except for the transaction cost, which is considerably lower than that of Ethereum.
“We are delighted that Open Ocean is joining the Arbitrum ecosystem. Low-slip aggregate DEX trading is a phenomenal use case for the low cost and instant confirmation of Arbitrum, providing a great experience for DEX traders. by Steven Goldfeder, CEO of Offchain Labs.
OpenOcean is an integral part of Web3, providing users with maximum return on decentralized assets across multiple networks at no additional cost. Aggregation of Layer 2 builds provides the opportunity to further reduce the fees that users end up paying on Ethereum due to network congestion.
Due to its stellar technology, team and rapid launch, Arbitrum has become the clear leader in Layer 2 with over 40% market share of Layer 2 TVL. It also has the highest volume and highest user count among Ethereum’s Layer-2 builds.
Developed by Offchain Labs, Arbitrum is an “Optimistic Rollup” scaling solution for Ethereum. It instantly scales applications, reducing costs and increasing capacity, without sacrificing Ethereum’s security. Porting contracts to Arbitrum does not require any code changes or downloads, as Arbitrum is fully compatible with most existing Ethereum development tools. Arbitrum has launched Arbitrum One on the Ethereum mainnet and the team is already working on hundreds of projects based on Arbitrum One.
For more information, please visit: https://offchainlabs.com/
OpenOcean is the world’s first comprehensive DeFi and CeFi aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders on centralized and decentralized exchanges at no additional cost. As a one-stop-shop for trading, it aggregated major DEXs from public chains including Ethereum and Layer 2, Binance Smart Chain, Avalanche, Polygon, Solana, Fantom, HECO, TRON, Ontology and a CEX (Binance). OpenOcean will continue to support inter-chain exchanges via inter-chain bridges and protocols, consolidate more DeFi and CeFi products, and launch intelligent management services.
For more information, please visit: https://blog.openocean.finance/
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- Cindy wu
- [email protected]