OpenOcean, a decentralized full aggregation protocol, announced today it is expanding its reach into the Solana network.
The growth will bring OpenOcean’s DEX aggregation protocol serving both CeFi and DeFi liquidity into Solana’s high-performance network environment, empowering DeFi users to customize, automate, and execute trades using lowered gas fees and better yields.
The Solana blockchain is known in the crypto industry as a quick, safe, and censorship-resistant framework for obtaining core financial products from both centralized and decentralized environments, starting a dependable and robust point of interaction for the crypto economy.
OpenOcean is fairly fresh in the crypto area, having been established in Q3 of 2020. Despite being a brand new name in the industry, it has rapidly gained traction as the first on-chain crypto aggregation protocol to catch liquidity across multiple exchanges, bridging the worlds of both centralized and decentralized exchanges collectively. The protocol works by aggregating the best prices and lowest slippages for every trade order based on information gathered by its optimized smart routing algorithm.
According to OpenOcean, the protocol will continue to establish cross-chain protocol aggregation and develop new integrations to encourage more cross-chain protocols for financial products in the DeFi and CeFi sector such as derivative, lending, as well as insurance solutions.
Up to now, the protocol supports five blockchains, namely: ETH, ETH Layer2, BSC, TRON, and ONT, using full Solana integration launched today. OpenOcean is currently the top aggregation protocol in Binance Smart Chain established volume, and it’s also the earliest ever aggregator on the TRON Network.
The growth to Solana was created in reaction to OpenOcean’s community requiring its integration into Solana Network to create a more flexible platform for trading. In accordance with OpenOcean, over 14,000 votes were cast on Twitter to need for the growth. OpenOcean users are now able to exchange popular Solana tokens such as SOL, RAY, SRM, OXY, and FIDA, amongst others. It is not offered or intended to be used as tax, legal, investment, financial, or other information.
OpenOcean, a decentralized full aggregation protocol, announced today it is expanding its reach into the Solana network.The expansion will bring OpenOcean’s DEX aggregation protocol serving both CeFi and DeFi liquidity into Solana’s high-performance network environment, empowering DeFi users to customize, automate, and execute trades using lowered gas fees and better yields.The Solana blockchain is known in the crypto industry as a quick, secure, and censorship-resistant framework for obtaining core financial products from both centralized and decentralized environments, starting a reliable and robust point of interaction for the crypto economy.OpenOcean is fairly fresh in the crypto area, having been established in Q3 of 2020. Despite being a brand new name in the industry, it has rapidly gained traction as the first on-chain crypto aggregation protocol to catch liquidity across multiple exchanges, bridging the worlds of both centralized and decentralized exchanges collectively. The protocol works by aggregating the best prices and lowest slippages for every trade order based on information gathered by its optimized smart routing algorithm.According into OpenOcean, the protocol will continue to establish cross-chain protocol aggregation and develop new integrations to encourage more cross-chain protocols for financial products in the DeFi and CeFi sector such as derivative, lending, as well as insurance products.To date, the protocol supports five blockchains, namely: ETH, ETH Layer2, BSC, TRON, and ONT, using full Solana integration launched today. OpenOcean is currently the top aggregation protocol in Binance Smart Chain based volume, and it’s also the earliest ever aggregator on the TRON Network.The growth to Solana was created in reaction to OpenOcean’s community requiring its integration into Solana Network to create a more flexible platform for trading. In accordance with OpenOcean, over 14,000 votes were cast on Twitter to need for the growth. OpenOcean users are now able to exchange popular Solana tokens such as SOL, RAY, SRM, OXY, and FIDA, among others.Disclaimer: This guide is provided for informational purposes only. It is not offered or intended to be used as tax, legal, investment, financial, or other information.
