DeFi and CeFi Full Aggregator OpenOcean Expands As It Aggregates Arbitrum

OpenOcean announces yet another milestone after it donated $1 million to Binance Smart Chain just recently. Today, the world’s leading DeFi and CeFi full aggregation protocol is pleased to announce the successful aggregation of Arbitrum.

Not only that, it aggregated its leading decentralized exchanges such as UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse, and Swapr. As a result of these aggregations, OpenOcean users can trade with maximum returns on multiple Ethereum Layer-2 constructions. Cindy Wu, Co-founder of OpenOcean explains the reason behind the recent aggregations. He says,

On the one hand, we know our users are trading on Ethereum and have been requesting us to aggregate more Layer-2 solutions to access cost-efficient and fast trading while still being in the Ethereum ecosystem. On the other hand, we also know that some of our users have been hesitant or directly reluctant to trade on Ethereum due to the cost. With the Arbitrum aggregation, we mash two potatoes with one fork and our users can swap around the trading universe with one-stop trading on OpenOcean

To further highlight, Arbitrum has become the undisputed Layer-2 leader on top of Ethereum with a 40%+ market share of the Layer-2 Total Value Locked (TVL). It has recently gained major commitment from large players and a rapid increase as the most volume and the highest number of users among Ethereum’s Layer-2 constructions. The network is developed with idealistic rollup technology that performs transactions on Layer-2 and submits the data to Layer-1.

On the other hand, OpenOcean’s aggregation of Layer-2 constructions gives the option to further reduce the fees users end up paying on Ethereum due to network congestion. Of note, OpenOcean is an essential part of Web3, offering users maximum returns on decentralized assets across multiple networks without charging additional fees.