coinquora.com
- OpenOcean and Fantom announced their collaboration.
- The two aim to offer users more trading opportunities at the best prices.
OpenOcean, one of the world’s leading DeFi and CeFi full aggregation protocols, announced its successful collaboration with Fantom. This also includes Fantom’s leading DEXes, SpookySwap, SpiritSwap, SushiSwap, and Curve. Furthermore, users of OpenOcean now have access to more trading opportunities with the best prices.
In detail, OpenOcean’s decision to aggregate Fantom was based on community votes and inquiries from Fantom-based assets — just like its integration with Avalanche last August. In detail, OpenOcean has already aggregated 10 networks and more than 45 DEXes and CEXes since its inception last September 2020. To date, it now has a total of more than 300,000 individual active addresses trading on its platform.
Commenting on this, OpenOcean Co-founder, Cindy 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 make. We thank our community for bringing us here and look forward to providing even more trade options at the best prices.”
On the other hand, Fantom is also evolving and gaining momentum at the moment. It is an open-source smart contract platform. It is said that it has become an intelligent choice for developers because it is low-cost, speedy transaction, and has high decentralization. Moreover, it allows developers to design secure, comprehensive, and modular dApps.
Along with this, traders — both individuals and institutions will be able to benefit and get the best trades from the Fantom-based assets in OpenOcrean’s new Atlantic version. In this Atlantic upgrade, trading is optimized, meaning users will get the best final returns after taking into account multiple factors like price, transaction cost, route, and slippage.
Lastly, the Atlantic upgrade is slated for release this October 2021 — it will show its full capacity any day now. More so, it will be first deployed on Binance Smart Chain, Avalanche, Fantom, and Polygon, followed by Ethereum and Arbitrum later on.