OpenOcean, the world’s leading decentralized financed (DeFi) & centralized finance (CeFi) full aggregation protocol, is delighted to announce the successful aggregation of Arbitrum as well as its leading decentralized exchanges – UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse and Swapr. It will enable OpenOcean users to trade with maximum returns on multiple Ethereum layer-two constructions.
“On the one hand, we know our users are trading on Ethereum and have been requesting us to aggregate more layer-two 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” said Cindy Wu, co-founder of OpenOcean
Arbitrum, a layer two scaling solution on top of Ethereum, has recently gained serious commitment from large players and a rapid increase in total value locked (TVL). The network is developed with optimistic rollup technology that executes transactions on layer two and submits the data to layer two. Its DeFi experience is the same as layer one except for the transaction cost, which is dramatically lower than Ethereum.
“We are thrilled to have OpenOcean joining the Arbitrum ecosystem. Low-slippage aggregated DEX trading is a phenomenal use case of Arbitrum’s low cost and instant confirmation, providing an excellent experience for DEX traders,” Steven Goldfeder, CEO of Offchain Labs, said.
OpenOcean is an integral part of Web 3.0, offering users maximum returns on decentralized assets across multiple networks without charging additional fees. The aggregation of layer-two constructions gives the option to further reduce the fees users end up paying on Ethereum due to network congestion.
Due to its stellar technology, team and timely launch, Arbitrum has become the undisputed layer-two leader with a 40%+ market share of the layer two total value locked (TVL). It also boasts the most volume and the highest number of users among Ethereum’s layer-two constructions.
DeFi and CeFi full aggregator OpenOcean aggregates Arbitrum to expand its one-stop trading solution.