After the Avalanche and Polygon Binance-Backed Openocean Fantom integrated

After the Avalanche and Polygon Binance-Backed Openocean Fantom integrated

As part of his ecosystem expansion, a leading defi and CEFI aggregator Openocean announced the integration of Fantom, an open source smart-contract platform for decentralized applications (DAPPS) to offer users better commercial options.

Openocean integrates fantom

According to the announcement, the OpenOcean initiative will also connect to other fantom-based decentralized stock exchanges, including sushiswap, spiritswap, spookyswap and curve.

Like all other aggregations, the step to include Fantom in the growing list of Openocean networks was driven by the demand from users and their inquiries about fantom-based cryptocurrencies, according to the project.

Cindy Ng, co-founder of Openocean, praised the Openocean Community for using her whole weight to support Fantom:

"Fantom is an exciting scalable blockchain platform that has already produced some of the most popular Dexes. For this reason, the aggregation of Openocean and Fantom was a necessary step. We look forward to offering even more retail options at the best prices."

retailers can benefit from the best prices for fantom-based assets via the upcoming Atlantic version of Openocean, which is scheduled to come onto the market this month.

important milestones in one year

Although Openocean went live last year, it has recorded significant growth in different quarters, especially in the number of active addresses, the volume of the processed transactions and the number of supported networks and stock exchanges.

With the latest developments, Fantom is the tenth network that has been added to Openocean, since the defi and cefi aggregator continues to search for the best trading prices and options for its growing customer base.

Some of the supported networks include Binance Smart Chain, Polygon, Ethereum and Arbitrum, including.

reported in August, crypto potato The inclusion of avalanches in the aggregator of OpenOcean to increase liquidity and also offer customers better interest rates.

Openocean has not only integrated 10 different networks since its introduction in September 2020, but the Defi-Agregator has so far connected more than 45 decentralized and central exchanges.

The number of active addresses on Openocean has continued to have increased since the platform's debut last year, with more than 300,000 registered active addresses.

The platform has also processed over 270,000 transactions and has been handled $ 2.1 billion since its introduction.

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