OpenOcean, a renowned DEX and CEX aggregator, has partnered with Fantom. Accordingly, OpenOcean will aggregate Fantom’s DEXs SpookySwap, Curve, SushiSwap, and SpiritSwap.
According to the announcement, the OpenOcean-Fantom agreement will let OpenOcean’s users get more trading opportunities to explore. As well as the best prices available.
The partnership between both companies was based on the request by the OpenOcean community via votes. Also, their request for Fantom features. To date, OpenOcean has partnered with ten different networks and over 45 decentralized and centralized exchanges. Besides, OpenOcean has over 300,000+ individual active addresses that are actively trading.
OpenOcean co-founder Cindy commented on the partnership:
“Fantom is an exciting scalable blockchain platform, which has already given birth to some of the most popular DEXes out there. For that reason, aggregating OpenOcean and Fantom was a necessary step to make. We thank our community for bringing us here and look forward to providing even more trade options at the best prices.”
💦Get ready for spooky water as we expand to @FantomFDN
Low fees & instant transactions on #Fantom combined with #OpenOcean’s superior algorithm offering efficient trading to maximize swap returns!
Get started today on https://t.co/b4ffEL98RM!
— OpenOcean (@OpenOceanGlobal) October 4, 2021
Essential Features to Expect from OpenOcean-Fantom Partnership
OpenOcean reportedly offers decentralized and low-cost transactions with high speed. As a result, developers can design secure, comprehensive, and modular dApps.
On the other hand, Fantom plans to roll out the Atlantic upgrade this month. This feature lets individual and institutional traders get the best trades of Fantom-based assets. This is possible by including price, transaction cost, route, and slippage.
Finally, it’s important to say that the Atlantic upgrade will first be deployed on Binance Smart Chain, Avalanche, Fantom, and Polygon, followed by Ethereum and Arbitrum.
About OpenOcean and Fantom
OpenOcean is a reputable CeFi and DeFi full aggregator; its routing algorithm provides the best available price alongside little slippage for traders on decentralized and centralized exchanges without extra charges. Also, OpenOcean has reportedly aggregated some top decentralized exchanges on public chains such as Ethereum and Polygon, Binance Smart Chain, Fantom, TRON, among others. As well as a centralized exchange like Binance.
On the other hand, Fantom is a quick, scalable, and secure layer-1 EVM-compatible platform. It was designed on a permissionless aBFT consensus protocol. The transactions are approved almost instantly and have very low transactions fees. This makes Fantom a good choice for DeFi applications, as well as for real-world use-cases.
$OOE and $FTM Prices
Nowadays, OpenOcean’s native token,$OOEE, is trading at USD 0.6925 with a 24-hour trading volume of USD 2,943,798 and a marketcap of USD 54,703,507. It also has a circulating supply of 78.9 million $OOE and a total supply of 1 billion.
Meanwhile, Fantom’s native token, $FTM, is trading at USD 1.42 with a 24-hour trading volume of USD 341,225,278 with a marketcap of USD 3,598,788,364. Besides, it has a circulating supply of 2.5 billion $FTM coins and a total supply of 3.1 billion.
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