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Leading DeFi and CeFi protocol OpenOcean aggregates Fantom and leading DEXs to increase trading opportunities

By:
on Oct 4, 2021
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  • On average, transactions on Fantom cost about one penny
  • The aggregator’s decision to integrate Fantom is motivated by inquiries for Fantom-based assets
  • Fantom offers high degree of decentralization and high transaction rates

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CEX and DEX aggregator OpenOcean has become the first platform of its kind to partner with Fantom (FTM/USD). OpenOcean announced the successful aggregation of Fantom and its leading DEXs: Curve (CRV/USD), SpookySwap, SushiSwap (SUSHI/USD), and SpiritSwap. This has made it possible to offer users access to more trading opportunities with the best prices.

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Fantom: A fast, scalable, secure layer-1 EVM-compatible platform

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Fantom is based on a permissionless aBFT consensus protocol. On average, transactions on Fantom cost about one penny and are confirmed in around one second. It is perfect for DeFi applications and real-world use-cases.

Aggregation driven by community votes

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The aggregator’s decision to integrate Fantom was motivated by inquiries for Fantom-based assets and community votes, similarly to its Avalanche aggregation in August. Since it was founded in 2020, OpenOcean has aggregated 10 networks and more than 45 decentralized and centralized exchanges. In just one year, it has attracted over 300,000+ active traders.

Commenting on the Fantom aggregation, 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.

Intelligent choice for developers

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Fantom presents many advantages for developers, not least of which is its open-source smart contract platform. Its high degree of decentralization, high transaction rates, and low cost enable developers to design modular, full-scale, and secure decentralized apps.

Best trades using OpenOcean’s new Atlantic version

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Individual and institutional traders can find the best Fantom-based asset trades using OpenOcean’s new Atlantic version. Atlantic optimizes trading by taking slippage, transaction cost, price, route, and other factors into account to give users the best end returns.

OpenOcean Upgrade deployed on Avalanche, BSC, Polygon, Ethereum

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The upgrade is set to take place in October 2021. It will be deployed on Avalanche (AVAX/USD), Binance Smart Chain (BNB/USD), Polygon (MATIC/USD), and Fantom, followed by Arbitrum and Ethereum (ETH/USD).  

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