OpenOcean, Binance and Huobi-Backed Cryptocurrency Aggregator, Announces Polygon Aggregation
OpenOcean, a leading CeFi and DeFi comprehensive crypto aggregator that supports interoperability across multiple networks, is delighted to announce Polygon aggregation to expand its trading universe and offer users the best prices with a low slip.
The decision to incorporate polygon aggregation was made by the OpenOcean community. OpenOcean asked their community on Twitter which network they wanted to see aggregated next, and a total of 48.7% of the 44K + votes were for Polygon, followed by Solana who received 32.2% of the votes.
Commenting on the polygon aggregation, OpenOcean co-founder Cindy said:
“We have learned that our DeFi users and merchants have a strong preference for us to aggregate more open and powerful Ethereum-enabled blockchain networks that offer cheaper and faster transactions.” Polygon is a protocol and framework that overcomes inherent issues like slow speeds and high gas costs without sacrificing safety.
OpenOcean’s aggregation protocol provides liquidity and optimizes transactions on DeFi and CeFi on major public blockchains such as Ethereum, Binance Smart Chain, TRON, Solana, etc.
After Polygon aggregation, traders will be able to use OpenOcean’s one-stop-shop trading platform to find liquidity from Polygon exchanges and trade assets at the best prices and with low slippage.
OpenOcean plans to organize commercial mining to encourage users to transact on Polygon. It will offer 100,000 of its native OOE tokens to users who transact on Polygon through OpenOcean over the next 2 weeks.
In the coming weeks, OpenOcean will release cross-chain aggregations that will allow users to trade and transfer assets across different chains and pairs. The transfer of assets between different public chains is possible via cross-chain bridges and protocols, such as Matic Bridge V2.
OpenOcean is the world’s first comprehensive aggregator that serves as a bridge connecting isolated islands in the currently fragmented DeFi and CeFi markets. It finds the best price with no additional fees and lowest slippage for traders on aggregated CeFi and DeFi using a deeply optimized smart routing algorithm. The platform also provides API and arbitrage tools for users to automatically perform arbitrage trades.
In addition to the aggregation of swaps, OpenOcean will continue to aggregate derivatives, yield, loan and insurance products and will launch its own combined margin products and a smart wealth management service.
About the polygon
Polygon is a protocol and framework for creating and connecting blockchain networks compatible with Ethereum. It is the first well-structured and easy-to-use platform for scaling and developing Ethereum infrastructures. Its main component Polygon SDK is a modular and flexible framework that supports creation and connection of secure chains such as Plasma, Optimistic Rollups, zkRollups, Validium, etc. and stand-alone chains such as Polygon POS.
Polygon’s scaling solutions have been widely adopted with over 400 Dapps, around 350 million transactions, and around 1.5 million unique users.
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