DEX aggregator OpenOcean enables cross-chain swaps across major networks

Decentralized Exchange (DEX) aggregator OpenOcean has introduced the rollout of its new interoperable “all-in-one” cross-chain swap platform, which permits customers to swap and bridge belongings across Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, and Fantom. 

According to OpenOcean, it has built-in Celer Bridge and the Multichain bridge inside its platform to offer customers with aggressive charges across the supported chains.

The DEX aggregator, which helps over 1,100 cash across a number of chains, seeks to supply aggressive cross-chain swap returns primarily based on varied calculations together with pricing construction, gasoline charges, slippage, and totally different optimized commerce routes.

DEX aggregators are very important to the cryptocurrency ecosystem as a result of they permit customers to swap and bridge belongings across a number of blockchain networks, which permits for extra flexibility and interoperability throughout the house. 

Related: As DEXs wrestle, new approaches kindle hope

DEX aggregators additionally provide customers entry to a broader vary of belongings that will not be obtainable on a single DEX or blockchain community. They additionally provide larger liquidity by aggregating liquidity from a number of DEXs and blockchain networks, making it simpler to purchase and promote belongings. Overall, DEX aggregators try to provide customers the advantages of decentralized exchanges whereas offering a extra handy and user-friendly expertise.

On Nov. 18, Cointelegraph reported that DeFi platforms continued to see income following the collapse of FTX thanks, partially, to the mass exodus from centralized exchanges. 

In the aftermath of the FTX implosion, DeFi protocols and DEX platforms gained some momentum.  A report from Delphi Digital recommended that DEX platforms noticed a 24% upsurge in quantity followin the FTX collapse.