As part of its ecosystem development, OpenOcean, a Binance-backed DeFi and CeFi aggregator, announced the integration of Fantom, an open-source smart contract platform for decentralized apps (dApps).
OpenOcean will also interact with other Fantom-based decentralized exchanges, such as SushiSwap, SpiritSwap, SpookySwap, and Curve, according to the statement.
The decision to add Fantom to OpenOcean’s increasing number of networks was prompted by user demand and questions about Fantom-based coins, according to the project.
Cindy Ng, the co-founder of OpenOcean, praised the OpenOcean community for coming out in support of Fantom, saying:
“Fantom is a scalable blockchain platform that has already spawned some of the most popular decentralized exchanges. As a result, bringing OpenOcean and Fantom together was a crucial step. We are excited to offer even more trade options at the best possible prices.”
OpenOcean’s next Atlantic edition, which is due to launch later this month, will allow traders to take advantage of the best prices for Fantom-based assets.
Despite going online last year, OpenOcean has had substantial growth in recent quarters, particularly in terms of the number of active addresses, transaction volume, and support networks and exchanges.
As the DeFi and CeFi aggregator continues to seek the greatest trading prices and opportunities for its growing customer base, Fantom has become the 10th network to be added to OpenOcean.
Binance Smart Chain, Polygon, Ethereum, and Arbitrum are just a few of the supported networks.
In August, CryptoPotato revealed that Avalanche has been added to OpenOcean’s aggregator as part of efforts to increase liquidity and provide better prices to clients.
Since its introduction in September 2020, OpenOcean has not only merged 10 distinct networks, but it has also connected over 45 decentralized and controlled exchanges.
Since the platform’s launch last year, the number of active addresses has continued to rise, with more than 300,000 active unique addresses reported to date.
Since its introduction, the platform has handled over 270,000 transactions totalling $2.1 billion.
