DEX aggregator OpenOcean allows cross-chain swaps throughout main networks

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Decentralized change (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 property throughout Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Fantom. 

OpenOcean stated it has integrated Celer Bridge and the Multichain bridge inside its platform to offer customers with aggressive charges throughout the supported chains.

The DEX aggregator, which helps over 1,100 cryptocurrencies throughout a number of chains, seeks to supply aggressive cross-chain swap returns based mostly on varied calculations together with pricing construction, fuel 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 property throughout a number of blockchain networks, which permits for extra flexibility and interoperability throughout the house. 

Associated: As DEXs struggle, new approaches kindle hope

Additionally they supply customers entry to a broader vary of property than could also be obtainable on a single DEX or blockchain community and larger liquidity by aggregating liquidity from a number of DEXs and blockchain networks, making it simpler to purchase and promote property. General, DEX aggregators try to provide customers the advantages of decentralized exchanges whereas offering a extra handy, user-friendly expertise.

As reported by Cointelegraph on Nov. 18, decentralized finance (DeFi) platforms have continued to see profits following the collapse of FTX thanks, partially, to the mass exodus from centralized exchanges. 

DEX platforms have additionally gained some momentum, with a report from Delphi Digital suggesting that DEX platforms noticed a 24% upsurge in quantity following the collapse.