As part of its ecosystem expansion, a leading DeFi and CeFi aggregator OpenOcean announced the integration of Fantom, an open-source smart contract platform for decentralized applications (dApps), to offer users better trading opportunities.
OpenOcean Integrates Fantom
Per the announcement, the initiative will also see OpenOcean connect with other Fantom-based decentralized exchanges, including SushiSwap, SpiritSwap, SpookySwap, and Curve.
Like all other aggregations, the move to add Fantom to OpenOcean’s growing list of networks was driven by users’ demand and their inquiries into Fantom-based cryptocurrencies, the project said.
While commending the OpenOcean community for throwing their weight in support of Fantom, OpenOcean’s co-founder, Cindy Ng, said:
“Fantom is an exciting scalable blockchain platform, which has already given birth to some of the most popular DEXes out there. For that reason, aggregating OpenOcean and Fantom was a necessary step to take. We look forward to providing even more trade options at the best prices.”
Traders can take advantage of the best prices for Fantom-based assets via OpenOcean’s upcoming Atlantic version, which is scheduled for launch later this month.
Significant Milestones in One Year
Despite going live last year, OpenOcean has recorded significant growth across various quarters, especially in its number of active addresses, the volume of transactions processed, as well as the number of supported networks and exchanges.
With the latest developments, Fantom has become the 10th network to be added to OpenOcean, as the DeFi and CeFi aggregator continues to seek the best trading prices and opportunities for its growing customer base.
Some of the supported networks include Binance Smart Chain, Polygon, Ethereum, and Arbitrum, among others.
In August, CryptoPotato reported the addition of Avalanche to OpenOcean’s aggregator, as part of efforts to boost liquidity and also offer clients better rates.
Not only has OpenOcean integrated 10 different networks since its launch in September 2020, but the DeFi aggregator has also so far connected more than 45 decentralized and centralized exchanges.
The number of active addresses on OpenOcean has continued to increase since the platform made its debut last year, with more than 300,000 active unique addresses recorded so far.r
The platform has also processed over 270,000 transactions, carrying through $2.1 billion since it launched.