{"id":11647,"date":"2021-10-04T22:56:29","date_gmt":"2021-10-04T21:56:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11647"},"modified":"2021-10-04T22:56:34","modified_gmt":"2021-10-04T21:56:34","slug":"binance-backed-openocean-incorporates-fantom-after-avalanche-and-polygon","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-backed-openocean-incorporates-fantom-after-avalanche-and-polygon\/","title":{"rendered":"Binance-backed OpenOcean Incorporates Fantom After Avalanche and Polygon"},"content":{"rendered":"\n
As part of its ecosystem development, OpenOcean, a Binance<\/a>-backed DeFi and CeFi aggregator, announced the integration of Fantom, an open-source smart contract platform for decentralized apps (dApps).<\/h5>\n\n\n\n
\"Binance-backed<\/figure>\n\n\n\n

OpenOcean will also interact with other Fantom-based decentralized exchanges, such as SushiSwap, SpiritSwap, SpookySwap, and Curve, according to the statement.<\/p>\n\n\n\n

The decision to add Fantom to OpenOcean's \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>increasing number of networks was prompted by user demand and questions about Fantom-based coins, according to the project.<\/p>\n\n\n\n

Cindy Ng, the co-founder of OpenOcean, praised the OpenOcean<\/a> community for coming out in support of Fantom, saying:<\/p>\n\n\n\n

\u201cFantom 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.\u201d<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

As the DeFi <\/a>and CeFi <\/a>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.<\/p>\n\n\n\n

Binance <\/a>Smart Chain, Polygon<\/a>, Ethereum, and Arbitrum are just a few of the supported networks.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Since its introduction, the platform has handled over 270,000 transactions totalling $2.1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":13,"featured_media":11649,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[326,4872,1108],"class_list":["post-11647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-fantom-2","tag-openocean"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/image-7.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11647"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11649"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}