The long-awaited OpenOcean Atlantic will go live on the Ethereum network on November 1, 2021. Users will benefit from greater swap returns than those offered by other DEX aggregators. In addition, OpenOcean emphasizes transparency in regard to trading fees and provides a great user experience.
OpenOcean aims to give users the best trading experience and rates for digital assets across multiple networks without any extra fees.
In the cryptocurrency industry, the project has become the best provider of cross-chain swaps and derivatives. OpenOcean’s focus on transparency, capital efficiency, and smart wealth management enables it to take the next step forward in this ongoing journey.
The next step involves the launch of OpenOcean Atlantic. With the flagship product, institutions will have access to crypto liquidity across different blockchains. Due to its improved algorithm and better liquidity sources, Atlantic has a competitive advantage over other DEX aggregators in many cases.
In addition, its returns are far better than competing solutions on Ethereum due to incorporating various crucial parameters. For example, OpenOcean Atlantic provides better pricing, lower gas fees, less slippage and optimized routing across networks and currencies to maximize the final returns.
OpenOcean has noted tremendous success on other blockchains, including Binance Smart Chain, Avalanche, Fantom, Solana and others.
The first-mover advantage gained by exploring these new blockchains helped the team establish its position in the broader DeFi industry. Bringing the solution to Ethereum strengthens OpenOcean’s position as the one-stop destination for the best trading experience and pricing.
The Ethereum launch of OpenOcean Atlantic coincides with enabling users to add tokens by themselves on the trading interface. All that is required is the token address to be pasted into the search bar and clicking the ‘add’ button. Keep in mind that some tokens may have poor trading liquidity, and transactions may have a significant price impact.
Through gas price presets, users will have a smooth and efficient trading experience. Presets are taken on-chain to allow for real-time adjustments without intervention. However, issuers can opt for a custom fee if they prefer that option.
These upgrades provided in OpenOcean Atlantic mark an important milestone for the team. However, the work is not over, as more optimizations loom on the horizon. OpenOcean will keep achieving innovation and breakthroughs by researching new techniques and algorithm optimizations to provide the best rates when trading.
One of the future solutions to look forward to is on-chain derivatives aggregation. OpenOcean aims to tackle the derivatives market by providing access to the best-priced trades and liquidity across AMMs and order books.
All of these aspects help traders capture trading opportunities and carry out trading strategies for both spot and derivatives trading. In addition, SaaS product subscribers will benefit from arbitrage trading opportunities and execute advanced strategies.
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 via a single user-friendly interface. Users enjoy full access to aggregated liquidity and best pricing from a wide range of centralized and decentralized exchanges.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
