OpenOcean Announces Fantom Aggregation to Offer Users Expanded Trading Opportunities With the Best Prices
OpenOcean heads to Fantom.
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OpenOcean is expanding to Fantom.
OpenOcean Embraces Multi-Chain Future
OpenOcean, the world’s leading DeFi and CeFi full aggregation protocol, is delighted to announce the successful aggregation of Fantom, as well as its leading DEXs, SpookySwap, SpiritSwap, SushiSwap, and Curve. OpenOcean users will now have access to more trading opportunities with the best prices.
Just like the Avalanche integration in August, OpenOcean’s decision to aggregate Fantom was driven by the community votes and inquiries for Fantom-based assets. OpenOcean has aggregated 10 networks and more than 45 DEXs and CEXs since its inception in September 2020. It has more than 300,000 individual active addresses trading on the platform.
Commenting on the Fantom aggregation, OpenOcean co-founder Cindy said:
“Fantom is an exciting scalable blockchain platform that has already given birth to some of the most popular DEXs out there. For that reason, aggregating OpenOcean and Fantom was a necessary step to make. We thank our community for bringing us here and look forward to providing even more trade options at the best prices.”
Fantom’s open-source smart contract platform has become an intelligent choice for developers due to its low cost, high transaction speed, and high decentralization. It enables developers to design secure, comprehensive, and modular dApps.
Traders—both individual and institutional—can find the best trades of Fantom-based assets using OpenOcean’s new Atlantic version. The Atlantic upgrade optimizes trading to give users the best final returns after taking into account multiple factors including price, transaction cost, route, and slippage.
Set for release in October 2021, the Atlantic upgrade will first be deployed on Binance Smart Chain, Avalanche, Fantom, and Polygon, followed by Ethereum and Arbitrum.
Fantom is a fast, scalable, and secure Layer 1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in around one second and cost on average one cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use cases.
The Fantom Foundation aims to build infrastructure for a more democratic and efficient future while solving challenges faced by older blockchain projects like Bitcoin.
OpenOcean is the world’s first DeFi and 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, it has aggregated major DEXes across 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 cross-chain swaps via bridges and cross-chain protocols, aggregate more DeFi and CeFi products, and launch intelligent management services.