What is OpenOcean?
OpenOcean is a decentralized finance (DeFi) protocol that serves as an aggregation platform for trading digital assets across multiple blockchains. Launched in September 2020, OpenOcean aims to provide users with the best possible trading experience by aggregating liquidity from various decentralized exchanges (DEXs). The platform supports a wide array of blockchains, including Ethereum, Binance Smart Chain, Solana, Avalanche, Polygon, Fantom, and more.
OpenOcean's primary feature is its advanced algorithm, which intelligently routes trades to ensure users get the best possible returns by considering factors such as price, gas fees, and slippage. This routing mechanism offers improved pricing, lower gas fees, reduced slippage, and optimized routing across networks and currencies, maximizing the final returns for users.
In addition to spot trading, OpenOcean provides cross-chain swaps, enabling users to trade assets seamlessly across different blockchains. This cross-chain functionality bridges the fragmented liquidity in the DeFi space, providing a unified and efficient trading experience. The platform has integrated with several prominent DEXs to maximize liquidity and trading opportunities.