DEX aggregator OpenOcean enables cross-chain swaps across major networks
Decentralized change (DEX) aggregator OpenOcean has introduced the rollout of its new interoperable “all-in-one” cross-chain swap platform, which permits customers to swap and bridge belongings throughout Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Fantom.
We’ve simply launched our 1-click Cross-chain swap+aggregator!
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— OpenOcean – A number one Web3 DEX Aggregator (@OpenOceanGlobal) December 20, 2022
OpenOcean stated it has integrated Celer Bridge and the Multichain bridge inside its platform to offer customers with aggressive charges throughout the supported chains.
The DEX aggregator, which helps over 1,100 cryptocurrencies throughout a number of chains, seeks to supply aggressive cross-chain swap returns primarily based on varied calculations together with pricing construction, gasoline charges, slippage and completely different optimized commerce routes.
DEX aggregators are very important to the cryptocurrency ecosystem as a result of they permit customers to swap and bridge belongings throughout a number of blockchain networks, which permits for extra flexibility and interoperability throughout the house.
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In addition they supply customers entry to a broader vary of belongings than could also be accessible on a single DEX or blockchain community and better liquidity by aggregating liquidity from a number of DEXs and blockchain networks, making it simpler to purchase and promote belongings. General, DEX aggregators try to present customers the advantages of decentralized exchanges whereas offering a extra handy, user-friendly expertise.
As reported by Cointelegraph on Nov. 18, decentralized finance (DeFi) platforms have continued to see earnings following the collapse of FTX thanks, partially, to the mass exodus from centralized exchanges.
DEX platforms have additionally gained some momentum, with a report from Delphi Digital suggesting that DEX platforms noticed a 24% upsurge in quantity following the collapse.