OpenOcean Atlantic outperforms other leading DEX aggregators in terms of returns

OpenOcean Atlantic outperforms other leading DEX aggregators in terms of returns

[PRESS RELEASE – Road Town, BVI, 19th October 2021]

Open ocean positions itself as the go-to source for the cheapest cross-chain swaps. The combination of margin pools for greater capital efficiency and intelligent wealth management services has attracted institutional interest. There is a vast ocean of liquidity in the world of cryptocurrencies, and OpenOcean allows anyone to dive right in.

The launch of OpenOcean V2, called OpenOcean Atlantic, introduces many new features. OpenOcean Atlantic runs on aggregated networks including Binance Smart Chain, Avalanche, Polygon, Solana and Fantom. There is also support for OKExChain, Tron, Ontology and Heco. Later we will support Ethereum. Users benefit from maximized returns that surpass all other DEX aggregators on the market. More importantly, all of these benefits are accessible for free.

OpenOcean Atlantic implements a superior algorithm and protocol upgrade set to achieve the best possible returns. The algorithm uses several parameters such as: B. a better price, lower gas fees and slippage and optimized routing. As a result, users no longer have to worry about these aspects and potentially higher fees when exploring alternative routes. Instead, OpenOcean Atlantic ensures you get the most out of every swap.

The OpenOcean Atlantic solution has undergone rigorous testing by the team. Over 4,587 test cases on BSC were conducted to determine whether higher-than-expected returns were maintained. The result shows that Atlantic is better 60% of the time, giving it a strong competitive advantage over other leading DEX aggregators. The OpenOcean team experimented with its native solution ParaSwap and 1inch over multiple batches with different trading volumes on different blockchains to conduct the testing. OpenOcean Atlantic also performed quite regularly in tests carried out in parallel.

In addition to the OpenOcean Atlantic upgrade, the team also improved the routing algorithm, front page, and roadmap. The trading terminals will soon be revised and offer expanded functions. For example, a future update will bring stop-loss and limit orders to OpenOcean Atlantic, eliminating the need for users to wait or avoid certain market conditions. Another addition to look forward to in the future is network trading for volatile assets.

In addition, OpenOcean makes continuous optimizations and improvements to its products and services. The focus is on improving spot trading and derivatives aggregation, two features that will benefit traders worldwide. The team is also exploring margin trading opportunities to enable greater capital efficiency in this trading segment.

OpenOcean launched in September 2020 and has achieved numerous milestones since then. The technology stack has been running smoothly for over a year and currently spans ten networks and over 50 exchanges. Additionally, there are over 350,000 active addresses on the platform. OOE, the native utility token, was launched in July 2021 and is used for governance voting, trading functions and services, and liquidity provision.

About OpenOcean

OpenOcean is a one-stop, full-chain aggregation protocol that acts as a bridge between DeFi and CeFi. It eliminates the fragmentation that exists within the DeFi ecosystem by giving users access to the entire crypto market through a single, easy-to-use interface. Users enjoy full access to aggregated liquidity and best prices from a wide range of centralized and decentralized exchanges.