December 21, 2022 - OpenOcean, a Web3 decentralized exchange aggregator, announced the launch of their new interoperable all-in-one cross-chain swap platform. This new platform will allow users to swap and bridge assets across major networks, Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Fantom with the best final price.
OpenOcean has integrated two major bridges, Celer IM Bridge and the Multichain bridge to provide users with rates across all the supported chains. With the addition of the OpenOcean routing algorithm and bridging-support from partners, the platform will offer the cross-chain swap returns based on multiple calculations including pricing structure, gas fees, slippage, and different optimized trade routes.
The cross-chain swap mechanism implemented by OpenOcean features an improved algorithm and deep market liquidity sources.
OpenOcean supports 1100+ coins across supported chains, allowing users to trade any whitelisted tokens from any supported source chain to any tokens on the destination chain. OpenOcean provides an immediate whole cross-chain swap process for users without any delays in price quotes & routing quotes.
The semi-atomic nature of OpenOcean's cross-chain model ensures that transactions are not interrupted and users' funds will not get lost due to any unexpected errors. OpenOcean is actively working with its extended network of partners to grow its bridge integrations and offer users more choices.
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