OpenOcean, the world’s largest DeFi and CeFi full aggregator, is pleased to announce that it has gone live on Avalanche, a highly scalable and open-source platform for launching DeFi and multi-functional blockchains.
When trading different assets, OpenOcean users may take advantage of the best pricing with low slippage thanks to the Avalanche integration. Users of OpenOcean can also trade on Avalanche DEXs like Pangolin and Trader Joe.
Because OpenOcean’s sophisticated routing technology will have more options to pick from, the added liquidity will help users cut trading costs even more.
OpenOcean has handled over 970,000 transactions worth $2.1 billion USDT in total transaction volume since its inception in September 2020. There are almost 270,000 active unique addresses on the list.
Cindy, an OpenOcean co-founder, said of the Avalanche integration:
“We listened when over 10,000 members of our OpenOcean community voted for an Avalanche aggregate. This integration was a no-brainer for OpenOcean, given Avalanche’s high-reputation in DeFi circles and high-quality protocol. The Avalanche protocol and community uphold DeFi’s key beliefs. This alliance can help us achieve our goal of integrating the most helpful and secure DeFi ecosystems.” With over 225 applications established on the platform, including Chainlink, SushiSwap, Circle, and The Graph, Avalanche is one of the fastest growing blockchain ecosystems.
Last week, Avalanche released the Avalanche Bridge (AB), which allows users to send ERC-20 tokens from Avalanche to Ethereum. The Avalanche Bridge is supported by OpenOcean, which allows its customers to exchange Avalanche’s native token AVAX at the best available price.
OpenOcean promises to offer cross-chain aggregations in the coming weeks that will allow users to trade and transfer assets between Avalanche and Ethereum at the best price with little slippage via the Avalanche Bridge.