OpenOcean Optimizes Trading And Increases Liquidity After Integration With Avalanche

Leading DeFi and CeFi aggregator OpenOcean continues to expand its ecosystem and most recently integrated Avalanche, a highly scalable open source platform for running DeFi applications. In a press release, OpenOcean noted that the integration with Avalanche will allow users to exchange various digital assets using the best prices available in the market, with minimal risk of slippage.

To provide its users with advanced trading options on Avalanche, OpenOcean has partnered with major Decentralized Exchanges (DEX). These include Trader Joe and Pangolin and the goal is to provide clients with the highest level of liquidity.

The extra liquidity will go a long way towards lowering the trading fees that users have to pay as OpenOcean's smart routing system will now have a variety of options to choose from. Since launching in September 2020, OpenOcean has processed over 970,000 transactions totaling $2.1 bln and has over 270,000 active unique addresses.

Image: Medium