OpenOcean Atlantic Update

Decentralized finance aggregator OpenOcean announces its official launch on Ethereum. Users can now access some of the best returns in the industry.

OpenOcean Atlantic went live on Ethereum on November 1. The team announced its latest upgrade provides maximum returns and swap rates. These rates outperform other DEX aggregators.

The platform is a CeFi (centralized) and DeFi aggregator that includes popular DEXs. Currently, OpenOcean supports the following networks:

  • Ethereum Network
  • Binance Smart Chain
  • Solana
  • Avalanche
  • Polygon
  • Fantom
  • Tron
  • and Ontology.

Big Returns at OpenOcean

On October 20, AltcoinBuzz reported that the protocol made some changes in its Atlantic upgrade. The algorithm is improving constantly. The new platform offers:

  1. better prices for cross-chain swaps
  2. lower gas fees
  3. lower slippage
  4. and optimized routing.

It aggregates the best prices for swaps on Ethereum across liquidity sources provided by:

  • Uniswap
  • SushiSwap
  • CurveFinance
  • and KyberNetwork.

Moreover, the team’s researchers put the Atlantic upgrade to the test. OpenOcean tested over 4,587 BSC test cases. Again, The test was to compare their results against other DEX aggregators.

“Tests have shown that OpenOcean Atlantic delivers better returns on the Ethereum network in more cases compared to other DEX aggregators.”

Compared to popular DEX 1inch, OpenOcean outperforms it for trades of differing sizes by a clear margin.

OpenOcean
Source: OpenOcean

Yet, the average performance gain over the rival platform was around 70% on these tests. Further, the test covered nearly 2,000 tokens pairs (3,898 testing trades in total).

The Atlantic upgrade also offers additional customization features such as:

  • allowing users to add custom tokens on supported networks and
  • estimated gas prices and customization options.

The data for the “normal” and “fast” gas settings come from on-chain sources. This allows prices to adjust automatically.

OOE Price Outlook

OpenOcean’s governance token, $OOE, has made a couple of percent on the day. According to CoinGecko, it was trading at $0.612 at the time of writing.

OOE has dropped 41% since its September all-time high of just over a dollar. However, the token has doubled in price since it was launched in July.

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