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OpenOcean (OOE) DeFi/CeFi Aggregator Expands to Solana (SOL): Details

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Fri, 28/05/2021 - 16:00
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OpenOcean (OOE) DeFi/CeFi Aggregator Expands to Solana (SOL): Details
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OpenOcean, an aggregation protocol that indexes offerings between centralized and decentralized trading services, goes live on Solana (SOL) blockchain.

OpenOcean teases new opportunities with Solana (SOL) expansion

According to a press release shared with U.Today, the team of OpenOcean protocol is thrilled to announce that it is going live on Solana (SOL), one of the most popular "Ethereum killers."

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Image via OpenOcean

So far, OpenOcean is the first liquidity aggregator to harness the high bandwidth and negligible transaction costs of Solana (SOL) blockchain. As a result, DeFi traders will enjoy a seamless trading experience with fast order executions and low-to-no slippages.

Additionally, OpenOcean instruments will advance the trading of the most popular assets of the Solana (SOL) ecosystem, including SOL, RAY, SRM, OXY and FIDA.

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OpenOcean is an important addition to Solana's string of supported projects as the blockchain has integrated 20 products addressing various DeFi-focused use cases.

More integrations are yet to come

OpenOcean protocol eliminates the need for traders to browse through the many exchange rates manually. It broadcasts the best offering for this or that trading pair registered across centralized and decentralized exchanges.

To ensure maximum efficiency and interoperability, OpenOcean prioritized expanding to multiple blockchains. At press time, it integrated Ethereum (ETH), Binance Smart Chain (BSC), Tron (TRX) and Ontology (ONT) as well as a number of Layer 2 Ethereum (ETH) scalability platforms.

Its team is focused on integrating as many platforms as possible to index "any major network and Layer 2."

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As covered by U.Today, OpenOcean recently added Chinese, Spanish, Japanese and Russian interfaces.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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