OpenOcean enables cross-chain swaps across major networks
Decentralized exchange (DEX) aggregator OpenSea has expressed the rollout of its new interoperable all-in-one cross-chain swap platform that allows users to swap and bridge assets across Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, and Fantom.
Users will be able to swap and bridge assets across multiple networks including Ethereum, BNB chain, Polygon, Arbitrum, Avalanche, and Fantom.
We’ve just launched our 1-click Cross-chain swap+aggregator!— OpenOcean - A leading Web3 DEX Aggregator (@OpenOceanGlobal) December 20, 2022
Get the best cross-chain swap rates, now live on @ethereum, @BNBCHAIN, @0xPolygon, @arbitrum, @avalancheavax & @FantomFDN.
Dive in nowhttps://t.co/UNP6FBATu0
More info: https://t.co/X9JFUfVMNm
According to OpenOcean, it has integrated Celer Bridge and the Multichain bridge within the platform to provide users with competitive rates across the supported chains.
The DEX aggregator which supports over 1,100 cryptocurrencies across multiple chains seeks to offer competitive cross-chain swap returns based on different calculations including pricing structure, gas fees, slippage, and different optimized trade routes.
DEX is vital to the cryptocurrency ecosystem because they allow users to swap and bridge assets across multiple blockchain networks which allows for more flexibility and interoperability within the space.
DEX or blockchain network and greater liquidity by aggregating liquidity from multiple DEXs and blockchain networks making it easier to buy and sell assets DEX aggregators attempt to give users the benefits of decentralized exchange while providing a more convenient user-friendly experience.
DEX platform has also gained some momentum with a report from Delphi Digital suggesting that the DEX platform saw a 24% upsurge in volume.